I've read the paper and I believe we just implement it with no changes
needed (at least since PR67224 and similar libcpp changes in GCC 10),
but I could be wrong.
The following patch at least adds a testcase from the start of the paper.
2022-11-04 Jakub Jelinek <jakub@redhat.com>
* g++.dg/cpp23/charset1.C: New testcase from C++23 P2314R4.
--- /dev/null
+// P2314R4
+// { dg-do compile { target c++23 } }
+// { dg-options "-finput-charset=UTF-8 -fexec-charset=UTF-8" }
+
+#define S(x) # x
+const char s1[] = S(Köppe); // "Köppe"
+const char s2[] = S(K\u00f6ppe); // "Köppe"
+
+static_assert (sizeof (s1) == 7);
+static_assert (sizeof (s2) == 7);