2023-10-20 22:06:35
The Minister of Industry and Advanced Technology, Chairman of the Conference of the Parties (COP28), Dr. Sultan Ahmed Al Jaber, confirmed that in line with the vision of the leadership in the UAE, the Presidency of COP28 is keen to strengthen cooperation with all parties, and include everyone in the conference’s work system, to ensure the completion of concrete and effective work. And reaching the highest ambitions, for a future that supports economic growth and climate action simultaneously.
This came in his opening speech before the 10th Annual Arctic Circle Assembly in the Icelandic capital, Reykjavik, where Al Jaber conveyed the greetings of the UAE leadership to the heads of state and leaders of the business and environmental sectors participating.
Sultan Al Jaber highlighted the negative repercussions of climate change on threatened ecosystems in the Arctic, and called on the Assembly’s countries to support the “COP28” action plan to protect the environment and preserve the possibility of achieving the goals of the Paris Agreement.
Al Jaber praised the prominent role of the Arctic Circle in leading the dialogue on the impact of climate change on threatened ecosystems in the Arctic over the past 10 years, and its warning to the world that the temperature of the Arctic is rising at a rate four times faster than the rest of the planet.
Al-Jaber pointed out the necessity of reducing 22 gigatonnes of greenhouse gas emissions in the next seven years to preserve the possibility of avoiding the rise in global temperature exceeding the level of 1.5 degrees Celsius, pointing out that the magnitude of this task requires the concerted efforts of the whole world.
Al-Jaber stressed that the action plan of the COP28 presidency focuses on the practical aspects of achieving tangible and effective progress that transforms the goals of the Paris Agreement into a road map that the world can follow and achieve the desired goals by implementing its four pillars, which are: accelerating the achievement of an orderly, responsible, fair and logical transition in the energy sector, and developing… Climate financing mechanisms, protecting people and nature, improving lives and livelihoods, and fully including everyone in the international climate action system.
Regarding accelerating the transition in the energy sector, Al Jaber explained the importance of this transition being orderly, responsible, fair and logical, so that it does not leave anyone behind, and is in line with the COP28 goal of increasing the production capacity of renewable energy sources globally by three times by 2030.
He pointed to the progress made by the COP28 presidency in achieving international consensus in this field, as regarding 85% of the world’s economies support the goal of tripling the production capacity of renewable energy and doubling the efficiency of energy use by 2030. He pointed to his call on all international and national oil companies to Reducing methane emissions and intensifying its efforts to achieve climate neutrality by 2050, and its discussions with sectors whose emissions are difficult to mitigate, such as steel and cement, to accelerate the timelines for their transition to clean energy, and reduce the emissions of the energy sources they currently use.
Al-Jaber renewed his call for expanding the scope of climate financing, including developed countries fulfilling their pledge to provide $100 billion in climate financing to developing countries, replenishing the resources of the Green Climate Fund, doubling adaptation financing, and activating the Loss and Damage Treatment Fund, and stressed the importance of developing the work of multilateral development banks. To provide more climate financing in an accessible manner and at an appropriate cost, in conjunction with developing market mechanisms with the aim of stimulating the private sector to provide more financing.
He explained that all climate action efforts must aim to preserve people and life and improve livelihoods. Therefore, the COP28 presidency was keen to ensure that the issues of health, food and nature were at the top of the conference’s agenda.
He called on countries to sign both the “COP28 Declaration on Sustainable Agriculture and Climate-Resilient Food Systems” and the “COP28 Declaration on Health and Climate,” to provide food for the growing human population, without causing temperatures on the planet to rise.
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