UAE offers to host top climate conference in Abu Dhabi

ABU DHABI: The UAE on Sunday introduced a suggestion to host the twenty eighth session of the Convention of the Events (COP 28) to the United Nations Framework Conference on Local weather Change (UNFCCC) in Abu Dhabi in 2023, with a give attention to the financial case for inclusive local weather motion.

Commenting on the UAE’s provide to host COP 28, Sheikh Abdullah bin Zayed Al Nahyan, Minister of Overseas Affairs and Worldwide Cooperation, stated, “The climate challenge is daunting, but it is also matched by enormous opportunity to drive economic growth and job creation. As a country that sits at the heart of the hydrocarbon industry and has made significant investments in energy diversification domestically and around the globe, we have seen first-hand that there is now an unprecedented business case for the highest level of climate ambition – especially when it advances gender equality and empowers youth.”

“COP 28 will represent a pivotal moment to capitalise on this opportunity, and our vision is to work with all countries to realise their net economic benefits from accelerated action.”

Because the everlasting host nation for the Worldwide Renewable Power Company (IRENA), the primary nation within the area to signal and ratify the Paris Settlement and the primary within the area to decide to an economywide discount in emissions as a part of its Nationally Decided Contribution (NDC), the UAE has demonstrated a confirmed observe document in progressive local weather motion and multilateral cooperation that makes it a really perfect convener for COP 28.

The UAE has established itself as a pure host for high-level giant format worldwide occasions targeted on local weather motion and sustainable growth. Abu Dhabi Sustainability Week is the world’s largest annual sustainability occasion, with over 45,000 delegates from 170 international locations, and the UAE has hosted each preparatory conferences for United Nations’ local weather summits in 2014 and 2019.

Additionally, the upcoming Dubai Expo — targeted on the Sustainable Growth Targets and together with 192 nationwide pavilions — will welcome tens of thousands and thousands of tourists beginning in October.

The UAE’s investments in home renewable power — together with lots of the world’s largest photo voltaic tasks — during the last 15 years have yielded the world’s lowest photo voltaic prices. The UAE’s investments internationally have additionally contributed to renewable power’s dramatic value reductions during the last decade, reshaping international power markets.

The UAE has invested round $17 billion in industrial renewable power tasks on six continents, in addition to supplied over $1 billion of grants and smooth loans for renewable power energy crops, together with by the UAE-Pacific Partnership Fund and UAE-Caribbean Renewable Power Fund.

As well as, the UAE has pioneered carbon seize and storage to decarbonise heavy trade, led initiatives in climate-smart agriculture and prioritised biodiversity conservation. “As COP28 host, the UAE would leverage its experience as a regional and global convener to mobilise all actors in achieving the Paris Agreement and reinforcing the compelling investment case for raising ambitions,” Sheikh Abdullah added. “Climate impacts are already being acutely felt, but our experience gives us optimism that we can meet global climate goals while creating social and economic opportunities – with contributions coming from all corners of the globe.”