UAE COP28 president-designate challenges rich nations to ‘show the money’ to combat climate change

UAE COP28 president-designate challenges rich nations to ‘show the money’ to combat climate change

COP28 will be hosted from November 30 to December 12 this year at Expo City Dubai

Published: Sat 12 Aug 2023, 6:00 AM

COP28 president-designate Dr. Sultan bin Ahmed Al Jaber has reiterated his call to donor countries to 'show the money' with regards to the long overdue $100 billion finance pledge to combat climate change.

Al Jaber, who is also the UAE Minister of Industry and Advanced Technology, made the call during his recent visit to Barbados to meet with Prime Minister Mia Motley and address the leaders of Caribbean Community.

Al Jaber said, “The peoples of the Caribbean have been on the front lines of climate change for longer than most. They have been facing some of the harshest climate impacts. And in a very real sense, their experience represents an early warning system for the rest of the world.”

“As a first step, I have called on donor countries to ‘show me the money’, when it comes to the long overdue $100 billion finance pledge,” underscored Al Jaber.

“I am also calling for deep, system-wide reform of IFIs (International Financial Institutions) and MDBs (Multilateral Development Banks) to make them more responsive to the climate and development needs of the 21st century," he added.

“In