UAE’s Jaber urges donors to deliver on $100 bln pledge to developing countries

  • Date: 02-May-2023
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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UAE’s Jaber urges donors to deliver on $100 bln pledge to developing countries

The UAE's president-designate of the COP28 climate summit urged donors to deliver on a $100 billion pledge promised 14 years ago to developing countries and blamed delays in delivery for hindering climate action.

"Expectations are high. Trust is low," Sultan al-Jaber told the Petersberg Climate Dialogue in Berlin on Tuesday.

"This is holding up progress and as part of my outreach, I am requesting donor countries to provide a definitive assessment on the delivery of this commitment before COP28," he said, adding that the real value of the amount had eroded over time.

Representatives of more than 40 countries are coming together in Berlin this week as part of the Petersberg Climate Dialogue in order to discuss further steps towards achieving climate goals enshrined in the 2015 Paris agreement.

The UAE is hosting the global climate conference, COP28, from Nov. 30 to Dec. 10 in Dubai.

Jaber, who also heads his country's state energy giant ADNOC, has argued for a more inclusive approach to climate action that leaves no one behind, including the fossil fuel industry.

On Tuesday, he repeated calls for phasing out fossil fuel emissions while focusing on developing zero carbon solutions.

"We know that the energies used today will continue to be part of