COP28 UAE: Dr Al Jaber discusses climate finance with Joe Biden, King Charles III

COP28 UAE: Dr Al Jaber discusses climate finance with Joe Biden, King Charles III

Dr Sultan Al Jaber, COP28 President-Designate, discussed unlocking climate finance with a focus on developing economies during his meeting with US President Joe Biden and King Charles III in the UK. The meeting was part of the Climate Finance Mobilisation Forum, convened by the UK Secretary of State for Energy Security and Net Zero, Grant Shapps, and the US Special Presidential Envoy for Climate, John Kerry. The forum was attended by UN Special Envoy for Climate Action and Finance Mark Carney, as well as private sector and philanthropic leaders from finance, sustainability, and climate action. Dr Al Jaber encouraged all parties to set their ambitions high ahead of COP28 and continue to galvanise UK and US-based businesses and philanthropists to do the same. “The leadership of the US and UK is crucial to both fulfil climate finance pledges and mobilise further capital. We must deliver on the $100 billion of annual climate finance promised in 2009, and I have been encouraged by recent assurances that this pledge will be fulfilled.” Dr Al Jaber noted that climate change is a global problem that requires a global solution. “All financial actors must work within a new framework of solidarity to enable climate