COP28: Silver linings amid the pessimism?

There would have been low expectations ahead of the 28th UN Climate Change Conference of the Parties to the Paris Agreement (COP28) even if it weren’t being held in the United Arab Emirates, in the heart of fossil-fuel country. This year’s gathering stands out as the first of the five-yearly “Global Stocktakes” scheduled as part of the Paris Agreement. We think it makes sense to go into it with a sober view of past failings and future challenges, but also to recognize progress if and when it is achieved, says Neuberger Berman.