UAE has a clear sense of responsibility and a great sense of urgency in hosting COP28: Al Jaber

UAE has a clear sense of responsibility and a great sense of urgency in hosting COP28: Al Jaber

Dubai: The UAE has invested $50 billion in renewable energy globally and plans to invest another $50 billion in the years ahead, designated COP28 president Dr. Sultan Al Jaber said on Saturday. “We want COP28 to transform systems and accelerate 2030 trajectories through game-changing partnerships, solutions, and outcomes,” said Al Jaber. “We want it to be a COP of Solidarity that bridges the Global North and South, and includes public and private sectors, scientists and civil society, women and youth.” “And we want it to be a practical COP, a COP of Action that raises ambitions and moves from goals to implementation across mitigation, adaptation, finance and loss and damage.” In his first speech since being appointed as designated COP28 president, Al Jaber emphasized the need for an inclusive, action-oriented approach to transform systems and accelerate trajectories in the fight against climate change. “Today, over 70 per cent of our economy is generated outside the oil and gas sector. And as the CEO of ADNOC and the founding CEO and Chairman of Masdar, I will continue to follow our leadership’s vision and guidance in making today’s energy cleaner, while advancing and investing in the clean energies of tomorrow,” said Al