President Sheik Mohamed has laid the right foundation for the Cop28 environment culmination by asking countries to move “past laying out objectives to accomplishing them”.
The United Arab Emirates, as the host nation, will concentrate on obtaining specific commitments to reverse climate change.
As world leaders attended a virtual climate event hosted by US President Joe Biden, Sheikh Mohamed spoke.
Sheikh Mohamed made the following statement via Twitter: “We agreed on a joint commitment to accelerate action aimed at combating climate change today at the Major Economies Forum on Energy and Climate.”
“As the host of Cop28, the UAE will zero in endeavors on moving past laying out objectives to accomplishing them.”
In a proclamation conveyed by state news organization Wam, Sheik Mohamed focused on the significance of created nations satisfying their promise to give $100 billion to non-industrial nations.
In his opening remarks to the forum, Vice President Biden urged governments to bring attainable goals to Dubai in November.
He stated, “Look, as we look forward to Cop28, we need to all show up in Dubai with 2030 goals and actions aligned with the Paris temperature goals.”
“We’re now seeing the indications of what’s to come in the event that we don’t.
“If we make progress on the four key things we have to discuss today, we can reach the goal of limiting warming to no more than 1.5 degrees Celsius together.”
Climate scientists assert that the world will reach a point of no return if global warming is not controlled to 1.5 degrees Celsius above preindustrial levels.
Extreme weather and crop failure are closely linked to rising temperatures, and the scorching heat will render some parts of the world inhabitable.
To hold this back from happening, discharges — brought about by the copying of non-renewable energy sources, weighty industry and mass food creation, among different elements — should be cut by more than 40% by 2030.
A critical part of Cop28 in Dubai will be a worldwide “stocktake” on activity consented to in Paris in 2015, and the need to burn through trillions of dollars on renewables and clean wellsprings of energy.
Sheikh Mohamed stated that the United Arab Emirates was the first nation in the Gulf to ratify the Paris Agreement and the first in the region to pledge to reduce emissions across all economic sectors by 2030.
Additionally, it has announced its strategic plan to achieve climate neutrality by 2050. We have put more than $150 billion in environment activity and have aggressive designs for additional interests in this field from now on.”
He stated that the Cop28 UAE Presidency will be dedicated to implementing transformative climate action, transitioning from deliberation to action, and delivering a comprehensive plan of action for the benefit of all people and the planet.
“Energy and environmental change are firmly interwoven,” Sheik Mohamed said.
“Consequently, it is essential that the world accelerate its logical, realistic, and balanced energy sector transition by doubling hydrogen production and increasing renewable energy production capacity by at least three times.
“It is essential to increase international cooperation in technology transfer and to provide the necessary financing to support the energy transition and address losses and damages, particularly in the Global South and communities that are most vulnerable to the effects of climate change.”
During the virtual forum, Vice President Biden requested $500 million for the Amazon Fund to combat deforestation in Brazil and announced US funding of $1 billion.
In order to assist developing nations in reducing their own methane emissions, he invited other MEF nations to join the United States in raising at least $200 million by Cop28.
The White House claims that the nations participating in the forum are responsible for approximately 80% of the world’s gross domestic product and emissions of greenhouse gases.
The World Bank reported that while the nations with the lowest incomes contribute one tenth of the world’s emissions, they are also the ones most affected by climate change. Health issues, food and water shortages, and other effects of climate change can be found in these nations.
In a roundtable discussion with Cop28 President-designate Dr. Sultan Al Jaber, International Monetary Fund managing director Kristalina Georgieva, and UN special envoy for climate action Mark Carney earlier this month, Mr. Biden’s remarks echo concerns.
“For weak networks, across the Worldwide South, environment finance is not even close to accessible, reasonable or sufficiently available,” said Dr Al Jaber, who is likewise UAE Priest of Industry and Cutting edge innovation.
UN Secretary General Antonio Guterres urged the international community to “put a price on carbon” and shift subsidies for fossil fuels in order to finance a “just transition” to renewable energy in his remarks to the forum.
According to Mr. Guterres, “the International Energy Agency estimated that these subsidies came to $1 trillion in 2022 — which is insane.”
“This is a death sentence because today’s policies would make our world 2.8°C hotter by the end of the century.”