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To achieve our goals, the Coalition is establishing five Taskforces that form the basis of its work streams for the forthcoming year. Taskforces will meet regularly, gathering evidence and insights from their closed roundtable sessions, to produce and publish an annual report, that will be launched at an international climate event. Taskforces will take a mission orientated approach to their work, focusing on delivering faster and more effective outcomes of the 2030 goals relevant to their sectors.
At COP28,132 parties signed a pledge to triple installed renewable energy generation capacity by 2030. Now this ambition must be converted into action. This requires a massive buildout of clean power infrastructure, with total investment needed projected to reach $4.5 trillion annually by 2030. The scale of work required in such a short period of time cannot be underestimated, requiring a radical shift in our approach to deliver the clean energy we need.
The Buildings sector is responsible for around one-fifth of global GHG emissions, when including embodied emissions from materials and construction. It has proven capable of rapid emissions reductions; the pressure is now on to do so systematically at scale and at pace. The Taskforce will identify key pathways for public and private sector decision makers to focus on and amplify the solutions to propel the sector forward towards net zero emissions.
Food system accounts for around one-third of all GHG emissions globally. However, agriculture can also be a tool for responding to climate change. 160 parties endorsed COP28’s declaration on sustainable agriculture, resilient food systems and climate action. The Food & Agriculture Taskforce will assemble value chain actors, creating a holistic view of the food system, to identify key impact areas and the policy levers that address them.
Manufacturing is a key contributor to the economy, and, by nature, consumes large amounts of materials and energy. A high proportion of decarbonisation of light industry and manufacturing can be achieved through existing abatement technologies such as material efficiency and circularity, electrification and fuel switching. The Manufacturing Taskforce will bring together stakeholders across the upstream supply chain, including producers and innovators to share and develop solutions for decarbonising the sector.
The COP28 UAE Leaders’ Declaration on a Global Climate Finance Framework stated that ‘investing $5-7tn annually in greening the global economy by 2030 will be critical to achieving our shared climate goals’. The Finance & Investment Taskforce will focus on how to unlock the flow of private capital, and simultaneously explore new methods of financing the energy transition, collating insights and expertise from the finance and investment community and sharing proven models can be replicated.
The Coalition’s future Taskforces (September 2025 onwards) will be decided in collaboration with founding members of the Climate Action Coalition, but provisionally include Heavy Industry, Nature & the Regenerative Economy, and Transport.
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