Oyu Green amplifies climate action at COP28 in Dubai

At the 28th United Nations Climate Change Conference (COP28)

At the 28th United Nations Climate Change Conference (COP28) held in Dubai from November 30 to December 13, 2023, Oyu Green actively participated in advancing global climate initiatives. The conference, which marked the conclusion of the first global stocktake under the Paris Agreement, brought together over 85,000 participants, including more than 150 Heads of State and Government.

Oyu Green's Engagement at COP28

As a leading organization in carbon project development and climate finance, Oyu Green, under the leadership of Founder Deep Gupta, engaged with key stakeholders to advocate for enhanced climate financing and the implementation of sustainable projects in developing regions.

Key Contributions:

• Advocacy for Climate Finance: Oyu Green emphasized the necessity of mobilizing resources to support vulnerable countries in mitigating and adapting to climate change impacts.

• Showcasing Sustainable Projects: The organization presented its successful initiatives, such as the Clean Cooking Himalayas project, which has equipped 100,000 households with energy-efficient cookstoves, reducing CO₂ emissions by over 220,000 tonnes annually.

• Participation in Policy Dialogues: Oyu Green contributed to discussions on the operationalization of the new funding arrangements for responding to loss and damage associated with climate change impacts.

COP28 Outcomes

The conference achieved significant milestones, including:

• Global Stocktake Completion: The first comprehensive assessment of global efforts to address climate change under the Paris Agreement was concluded, providing critical insights for future action.

• Establishment of the Loss and Damage Fund: A new fund was operationalized to support vulnerable countries facing climate-induced losses and damages.

• Commitments to Renewable Energy: Countries pledged to transition away from fossil fuels, with a focus on tripling renewable energy capacity by 2030.

Looking Forward

Building on the momentum from COP28, Oyu Green is committed to expanding its efforts in developing and implementing sustainable projects that contribute to global climate goals. The organization will continue to collaborate with international partners to drive meaningful climate action and support the transition to a low-carbon future.

For more information about Oyu Green’s initiatives or media inquiries, please contact:

Press Enquiries info@oyugreen.com