COP28 President-Designate calls on G7 Countries

COP28 President-Designate calls on G7 Countries

ABU DHABI, UAE/PRNewswire

- COP28 President-Designate, Dr. Sultan Al Jaber, attending a Joint Meeting of G7 Ministers of Climate, Energy and the Environment, in Sapporo, Japan, stressed the urgency to increase public finance to fight climate change and accelerate a pragmatic energy transition.

- Dr. Al Jaber called on G7 nations to help deliver a new deal on climate finance, to help kickstart progress on mitigation, adaptation, loss and damage, and the protection of biodiversity and ecosystems, particularly in developing nations.

- "We must make a fairer deal for the Global South. Not enough is getting to the people and places that need it most. Developed countries first need to follow through on the 100 billion dollar pledge they made to developing countries over a decade ago."

- "The fact is that climate finance is nowhere near available, affordable or accessible enough. We need fundamental reform of international financial institutions to achieve both climate and development goals."

- The COP28 President-Designate called for "a massive course correction" to "ignite a transformational agenda that is pro-growth, pro-climate and leaves no-one behind."

- On the global energy transition, Dr. Al Jaber said that the world needed to "triple renewable capacity by 2030 and increase it 6-fold by 2040"