US, UAE Focus on Using Climate Change to Drive Global Growth

US Special Presidential Envoy for Climate John Kerry with Dr. Sultan Al Jaber, the Special Envoy for Climate Change and Minister of Industry and Advanced Technology in Abu Dhabi. (WAM)
US Special Presidential Envoy for Climate John Kerry with Dr. Sultan Al Jaber, the Special Envoy for Climate Change and Minister of Industry and Advanced Technology in Abu Dhabi. (WAM)
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US, UAE Focus on Using Climate Change to Drive Global Growth

US Special Presidential Envoy for Climate John Kerry with Dr. Sultan Al Jaber, the Special Envoy for Climate Change and Minister of Industry and Advanced Technology in Abu Dhabi. (WAM)
US Special Presidential Envoy for Climate John Kerry with Dr. Sultan Al Jaber, the Special Envoy for Climate Change and Minister of Industry and Advanced Technology in Abu Dhabi. (WAM)

The UAE and the US held talks that focused on using climate change action to drive regional and global growth.

The Special Envoy for Climate Change and Minister of Industry and Advanced Technology, Dr. Sultan Al Jaber, and US Special Presidential Envoy for Climate John Kerry met in Abu Dhabi.

The two envoys discussed progress on the Agriculture Innovation Mission for Climate Initiative (Aim for Climate) that the UAE announced alongside the US at the Leaders Summit on Climate in Washington.

The envoys reaffirmed their countries’ commitment to achieving the goals of the Paris Agreement, which aims to limit global warming.

They agreed that a comprehensive approach - including investments in renewable energy, carbon-capture technologies, nature-based solutions, climate-smart agriculture, and other low-carbon solutions - is not only essential in this critical decade for climate but can also act as powerful drivers for sustainable economic growth and job creation.

“His return to the Emirates reaffirms the unique partnership between our two countries and our shared commitment to transform climate action into an opportunity for economic development and diversification,” Jaber said.

“Doubling down on investments in innovative new technologies and R&D will pay dividends both in terms of climate progress and economic growth, and as global economies fully recover from Covid-19, smart initiatives can put the world on a low-carbon/high-growth trajectory that meets the Paris goals.”

Kerry welcomed the UAE’s offer to host the 28th UN Climate Change Conference of the Parties (or Cop28) to the United Nations Framework Convention on Climate Change in 2023.

“I think it is very important that an oil and gas producing nation is smart enough to see that investing in alternative and renewable energy does not detract from economic prosperity or from income,” Kerry added.

“It actually builds additional and alternative sources. I think the leadership of the UAE is well aware that the planet has very serious problems, and the UAE is very busy looking at ways to abate and reduce and capture emissions.”

“I think that’s one of the reasons the UAE won a seat on the UN Security Council, because people see the leadership of the UAE as thoughtful and wanting to contribute to global solutions to global problems,” he concluded.



Saudi Energy Minister Emphasizes Arab Cooperation in Addressing Energy Challenges

Group photo of the ministers and members of the Board of Directors of the Arab Energy Fund. (SPA)
Group photo of the ministers and members of the Board of Directors of the Arab Energy Fund. (SPA)
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Saudi Energy Minister Emphasizes Arab Cooperation in Addressing Energy Challenges

Group photo of the ministers and members of the Board of Directors of the Arab Energy Fund. (SPA)
Group photo of the ministers and members of the Board of Directors of the Arab Energy Fund. (SPA)

Saudi Energy Minister Prince Abdulaziz bin Salman underscored the importance of Arab collaboration in overcoming energy sector challenges and promoting sustainability, calling for restoring Arab unity and joint action to achieve strategic goals in energy.

He made his remarks at the 50th-anniversary celebration of the Arab Energy Fund (formerly APICORP) in Riyadh, attended by UAE Energy Minister Suhail Al Mazrouei, Kuwaiti Oil Minister Tareq Al-Roumi, Libyan Oil and Gas Minister Dr. Khalifa Abdul Sadiq, and Qatari Energy Minister and CEO of QatarEnergy Saad Al-Kaabi.

Prince Abdulaziz expressed pride in hosting the event, reaffirming Saudi Arabia’s commitment to supporting Arab energy initiatives. He highlighted the ongoing restructuring of the Arab Energy Organization to better align with future needs, ensuring its role in sustainable development and meeting member states’ demands.

The minister noted that upcoming projects by the Arab Energy Fund will diversify energy sources while aligning with global efforts to reduce emissions and combat climate change.

The Arab world is committed to adapting to the evolving energy landscape while maintaining regional identity and cooperation, he added.

Arab unity and collective action are essential for addressing regional and international challenges, whether economic, social or cultural, he remarked.

CEO of the Arab Energy Fund, Khalid Al-Ruwaigh pointed to the institution’s progress since its founding in 1975 with a capital of $320 million. He revealed that over five decades, its assets have grown to exceed $10 billion, reflecting its role in supporting the energy sector and sustainability efforts.

Al-Ruwaigh said the fund’s success is measured not just by its financial growth but also by its impact on energy development. He announced a new strategic vision focused on innovative financial solutions, including debt instruments and investments in both conventional and renewable energy, to support member states’ sustainability goals.

Relocating the fund’s headquarters to Riyadh reinforces its position as a trusted financial institution in a major global financial hub, he noted

Moreover, Al-Ruwaigh unveiled the fund’s new identity and logo, symbolizing Arab cooperation for sustainable energy development. The logo’s triangular elements represent the ten member states, while its circular design reflects the fund’s commitment to a circular economy and long-term energy sustainability.