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Massoud Biouki, Coordinator of the Official Swedish Business Delegation, Swedish Trade Commissioner to the UAE and Regional Director for the Middle East Market at Business Scotland, discusses the impact of the diverse portfolio of companies showcasing innovative solutions and contributing to the COP28 event
What is the purpose of the Swedish Business Association attending COP28?
The Swedish Business Association on-site coordinates official Swedish business delegations and non-negotiation related agendas. Our goal is to assist Swedish businesses to lead the implementation of the Paris Agreement and the 2030 Agenda. By promoting Swedish solutions internationally, we aim to create export and investment opportunities and accelerate the global green transition.
What were the outcomes of previous COP sessions? Why is it important to attend the COP again?
Sweden’s business sector is a driving force for the green transition. Business Sweden’s top priority is to showcase innovative solutions that close implementation gaps and accelerate transformation. Swedish companies participate in the COP to put pressure on policymakers to develop effective actions and incentives for investing in and implementing climate-smart solutions. Without the company, the transformation will not succeed.
Why is it important for Swedish companies to participate in COP28?
While Sweden may be a small country, it has innovative solutions that can have a significant impact on the global climate. Sweden not only exports world-leading climate-smart innovation, but also shares our knowledge and experience of policy frameworks and financial instruments tested and implemented in Sweden. This could inspire other countries to take more action and follow our lead.
What issues will these companies advocate for during COP28?
Companies primarily want to see long-term, transparent transformation decisions and incentives. Many would like to see emissions become more expensive and emissions more difficult. The phasing out of fossil energy subsidies and the right incentives to allocate funding for green solutions are crucial. They also advocate for more standards and carbon pricing.
Which companies will participate in Sweden’s COP28 events?
We have both traditional companies that provide products and solutions related to green transformation, and emerging companies with green transformation as their core.
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