2023-07-11 12:26:00
– Sultan Al-Jaber discusses strengthening cooperation and building the necessary momentum for the success of COP28 in containing everyone and achieving its goals, and sends an open invitation to all parties to unite their efforts in supporting the first global pledge for renewable energy sources.
– The meeting discusses transition paths in the energy sector, promoting clean energy production, providing climate finance, and the road map towards COP28.
Sultan Al Jaber:
– Thanks to the vision and directives of the leadership, the UAE has established its leading position in the world by building bridges of partnership and cooperation with the international community, especially in the field of sustainable economic and social development.
– We must provide an effective and ambitious response to the results of the global tally to assess progress in implementing the Paris goals, and it is necessary to make a radical correction of the course of action and reduce global emissions by 43% by 2030.
Renewable energy capacity should be tripled to 11,000 gigawatts and hydrogen production should be doubled to 180 million tons.
– The world needs the support of Europe and the European Union to achieve a logical, gradual, practical and just transition in the energy sector.
– We will make sure that COP28 focuses on practical results and includes everyone, in order to be able to achieve the fundamental development and the qualitative leap that the world needs.
Madrid, July 11, 2020, WAM/ His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and President-designate of the Conference of the Parties (COP28), affirmed that the UAE has established its leading position in the world thanks to the vision and directives of the leadership, by building bridges of partnership and cooperation with the international community, especially in the field of Sustainable economic and social development and climate action.
This came during his participation in a meeting of energy and environment ministers of the European Union countries hosted by Spain, which currently holds the presidency of the Council, during which he discussed the plans and objectives of the COP28 Conference of the Parties, which will be held at the end of this year, as these meetings aim to strengthen existing cooperation with the European Union, and build the necessary momentum to achieve progress. On the topic of climate finance, and increasing the production capacity of renewable energy globally by three times. On this occasion, His Excellency said that his goal as appointed president of COP28 focuses on mobilizing global efforts to address the repercussions of climate change, ensure food security, health and sanitation for all, achieve a logical, gradual, practical and just transition in the energy sector, and provide climate finance in an accessible and affordable manner for all, especially countries. Global South. During the meeting, which was attended by His Excellency Ambassador Majid Al Suwaidi, Director General and Special Representative of the COP28 Presidency and a number of senior officials, His Excellency stressed the importance of preparing an effective response to the results of the global inventory to assess the progress made in implementing the goals of the Paris Agreement, and the need for a radical correction of the course of action in order to Reducing global emissions by 43% by 2030, and accelerating the achievement of a reasonable, practical and just transition in the energy sector.
Among the attendees of the meeting with the European Ministers of Energy and Environment were Her Excellency Teresa Ribera, Vice President of the Spanish Government and Minister of Environmental Transition, and Frans Timmermans, Executive Vice President and Commissioner for Climate Protection of the European Commission.
The COP28 team discussed with European ministers and officials a range of important topics, including the global outcome to assess progress in implementing the goals of the Paris Agreement, climate finance, the development of international financing institutions, and the increase in the production of renewable energy sources and hydrogen.
His Excellency Dr. Sultan Al-Jaber stressed the importance of the COP28 Conference as the last opportunity for the world to preserve the possibility of achieving the goal of avoiding the rise in global temperature exceeding the level of 1.5 degrees Celsius, and said that the world has only seven years to reduce global emissions by 43 percent to maintain the possibility of achieving this. The goal, explaining that the world will witness at the same time a significant increase in energy demand with an increase in its population, and stressed the urgent need to achieve effective and sustainable development in conjunction with a significant reduction in emissions, which is one of the critical challenges for our current era and requires a radical change and a quantum leap. Substantial, system-wide progress for entire economies. His Excellency stressed the need to increase the production capacity of renewable energy three times at the local and international levels in order to achieve a logical, gradual, practical and just transition in the energy sector, calling on all concerned parties to unite and unite to support the first “global pledge to renewable energy sources”, and reaffirmed the open invitation. Which he directed last week at the Eighth International OPEC Conference to oil and gas producing countries and companies to work to reduce methane emissions to close to zero by 2030, and to achieve climate neutrality by or before 2050.
His Excellency also called on the member states of the European Union to take the necessary steps to increase the production capacity of renewable energy sources, such as accelerating the licensing of clean energy projects and their necessary infrastructure, expanding the connection of electricity networks, promoting investment in technologies such as energy storage systems using batteries, and increasing energy efficiency.
On climate finance pledges, he said, “We look forward to donors fulfilling their pledges and providing the $100 billion this year,” noting the need to activate the Loss and Damages Fund at the same time. His Excellency referred to the necessary means to finance a logical, gradual, practical and just transition in the energy sector, stressing the need to provide more climate financing on concessional terms and to find new developable mechanisms to direct private sector investments to the countries of the Global South, stressing the need for a radical development of the performance of international financing institutions and development banks. Multilateral, to provide concessional financing, mitigate risks and attract financing from the private sector to the extent necessary and within the desired scope.
His Excellency Dr. Sultan Al-Jaber said: “No one has all the answers, and there is no one solution that fits all in climate action, but through solidarity and concerted efforts, we can achieve progress, and we will make sure that COP28 focuses on practical results and includes everyone, to be able to achieve a fundamental development.” And the paradigm shift that the world needs.”
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