This came during a speech Dr. Sultan Al Jaber At the opening of the activities of the preliminary ministerial meetings of the Conference of the Parties.COP29In the Azerbaijani capital, Baku, where he renewed his call for all parties to unite, work and achieve, in order to build on the outcomes of the historic “UAE Agreement” and adhere to its provisions, which identified ways to correct the path to fulfill the pledges of the Paris Agreement, indicating that there are many issues that still need to be addressed. Addressing, foremost among which is “climate finance”.
Dr. Sultan Ahmed Al Jaber said, “Emirates agreement“Historically developing a road map to reach goals Paris Agreement, He called on the parties to overcome geopolitical tensions, unite around the pillars of the global climate action agenda, and focus again on achieving practical achievements at “COP29” to build on what was achieved during “COP29.”COP28“In a country The UAE.
He pointed out that climate finance constituted an essential element in the “UAE Agreement”, as the “Global Climate Finance Framework” was launched to provide more financing on concessional terms and at an appropriate cost, stressing the necessity of adopting a new collective goal for climate financing during “COP29” that contributes to enabling means of implementation. The “Emirates Agreement” guarantees savings Finance Suitable for facing climate challenges.
He also stressed the need to fulfill all previous commitments and provide funding to the most affected groups to help them build climate resilience and recover from the repercussions. Climate change.
He called on the representatives of the parties to complete negotiations on the development Carbon markets Within Article 6 of the Paris Agreement urgently, in order to strengthen these markets and drive investment in “mitigation” and “adaptation” efforts to meet current global requirements.
He stressed the need to focus on supporting “mitigation” and “adaptation” efforts, reiterating his call on the parties to commit to the goal of doubling adaptation financing and including its strategies in “national adaptation plans,” pointing out that the “COP28 UAE Framework for Global Climate Resilience” contributes to coordination between various Sectors to protect people and nature and improve livelihoods, while developing a practical road map for parties to implement the required efforts in this area.
He also stressed the need to build on what was achieved during “COP28” in the field of “mitigation”, noting that the “UAE Agreement” identified ways to correct the path towards fulfilling the pledges of the Paris Agreement, and stressed the need for the next round of nationally determined contributions, planned to be submitted by February 2025, with the terms of the “UAE Agreement” and the texts of the pledges and declarations launched during “COP28”, to maintain the possibility of achieving the 1.5 degree Celsius goal, and for contributions to cover all sectors. Economy And greenhouse gases of various types, to enhance the benefit of climate action opportunities in support Sustainable economic growth.
He added that the data recently issued by the International Energy Agency confirms the world’s ability to achieve two-thirds of the requirements of the Paris Agreement by implementing the goal of tripling the production capacity of renewable energy sources and doubling energy efficiency stipulated in the “UAE Agreement.”
It is worth noting that International Energy Agency It indicated in its report issued this week that the world is heading to add 5,500 gigawatts to its total renewable energy production capacity by 2030, which constitutes three times what was added globally between 2017 and 2023.
In this context, Dr. Sultan Ahmed Al Jaber pointed out that the International Renewable Energy Agency “Irina“I estimated that what is required to achieve the goal of increasing the production capacity of renewable energy sources three times by 2030 is to increase investments three times to reach $1.5 trillion annually during the current decade, explaining that the goals of the “UAE Agreement” are consistent with scientific facts and realistic requirements and that their implementation will contribute to achieving Tangible climate and development results.
Dr. Sultan Ahmed Al Jaber also participated in an event organized by the Troika Presidencies of the Conference of the Parties, during which he stressed the Troika’s continued strengthening of international cooperation and called for raising the ceiling of ambition in the next round of nationally determined contributions.
He pointed out the need for everyone’s concerted efforts to ensure that each country reaches the highest ambitions in its nationally determined contributions, and that these contributions are balanced across all pillars of the climate agenda, and that their elements include financing and implementation requirements, calling on the parties to exchange best practices, enable the transfer of modern technology, and enhance investment through… across sectors, and across the Global South.
He said that the next round of nationally determined contributions provides an exceptional opportunity for sustainable economic and social development, in addition to preserving the possibility of achieving the 1.5 degree Celsius goal in line with scientific facts and the requirements for achieving the goals of the Paris Agreement, noting that strengthening international cooperation contributes to ensuring the application of the principles of fairness and inclusion. Everyone is committed to climate progress, leaving no one behind.
