UAE views climate action as key enabler of stability, economic prosperity: Sultan Al Jaber

UAE views climate action as key enabler of stability, economic prosperity: Sultan Al Jaber

“By focusing on a challenge that unites us all, we will make greater room for cooperation and less space for disagreement.”

By Wam Published: Sat 19 Feb 2022, 2:19 PM

The UAE views climate action as a key enabler of stability and economic prosperity and will seek to promote climate progress through the UN’s Conference of the parties (COP) process and all other relevant forums in the run-up to hosting COP28 in 2023.

Speaking at the Munich Security Conference, Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy for Climate, said: “While climate change remains a huge global challenge, the world is actually in a much better position after COP26 than it was just a few months ago, as 90 per cent of the global economy is now committed to net zero. That commitment sends a massive market signal, and it is clear that the time to invest in low carbon solutions is right now. This is, in fact, a multi-trillion-dollar opportunity to create new jobs, new industries and whole new sectors.”

He continued: “As such, the COP process has a critical role in enabling an accelerated pathway to low carbon economic development. The key to success is