The United Arab Emirates stressed that cutting emissions by 43% in the next seven years requires a holistic ecosystem that connects policy, technology, finance, and people, and supportive policies to stimulate the adoption of clean energies and incentivize decarbonization.
“We obviously need to apply the latest technologies rapidly and at scale,” said COP28 President-Designate, UAE Minister of Industry and Advanced Technology Sultan Al Jaber.
Speaking at the London Climate Action Week 2023, Al Jaber stressed the significance of “finance and lots of capital across the world, and particularly in emerging and developing economies.”
He added that “a critical success factor is people,” according to the UAE state news agency WAM.
“We need capacity building and skills development to train young people for the jobs of the future. Because we must deliver climate action and socio-economic opportunity at the same time,” he went on to say.
“This is a moment of clarity that we must face with total honesty – we need a major course correction, and we need it now. Our goal must be to stop talking and start delivering.”
COP28 will help reduce the gap between the current situation and the targets of 2030, achieve a gradual and fair transition in the energy sector, and encourage everyone to endorse a new way of working, he added.
Al Jaber attended a roundtable on climate solutions joined by Britain’s King Charles and attended by Sadiq Khan, Mayor of London; Rt Hon. Graham Stuart MP, Minister for Energy Security and Net Zero; the Vice-Chancellors of the Universities of Oxford and Cambridge; and the CEOs of HSBC, AstraZeneca, OVO Energy, and Gridserve.
Al Jaber had traveled to London to collaborate with British stakeholders to develop holistic ecosystems that connect policy, technology, finance, and people.
He held meetings with UK Government Ministers from the Department for Energy Security and Net Zero and the Foreign, Commonwealth, and Development Office to discuss key initiatives and areas for collaboration ahead of COP28.
