Dr. Sultan bin Ahmed Al Jaber, Minister of Trade and Superior Expertise and COP28 President Designate, met with Ursula von der Leyen, President of the European Fee, at this time reaffirmed their dedication to work collectively to facilitate the “highest attainable ambition” for this yr’s COP28 local weather convention.
The leaders launched a joint assertion following a gathering on the European Fee headquarters in Brussels.
Additionally attending the assembly had been Franz Timmermans, EU Fee Government, Vice-President for the European Inexperienced Deal, and Josep Borrell, EU Excessive Consultant for International Affairs and Safety Coverage, Ambassador Lana Zaki Nusseibeh, UAE’s Everlasting Consultant to the United Nations and Particular Envoy to the EU, and Mohamed Al Sahlawi, UAE ambassador to the Kingdom of Belgium.
The assertion highlighted a standard imaginative and prescient for a simply vitality transition that leaves nobody behind and that promotes insurance policies and investments that scale up renewable vitality whereas working in the direction of an vitality system that is freed from unabated fossil fuels whereas making certain vitality safety, accessibility and affordability.
Dr. Al Jaber mentioned, “Europe, and the European Union, are already taking part in a number one function in local weather motion, and might be important and trusted companions at COP28. We recognize the European Fee’s help for our name to triple renewable vitality by 2030. We are able to’t obtain our shared aims until we work collectively in a collective effort.”
The COP28 President-Designate and EC President urged all governments to align their nationwide efforts with the shared dedication to realize the long-term targets of the Paris Settlement, together with pursuing efforts to maintain world temperature enhance to 1.5 levels Celsius inside attain.
With the primary International Stocktake of the Paris Settlement concluding at COP28, the leaders additionally agreed on the significance of making certain that it informs local weather motion going ahead, setting out pathways for emissions reductions, enhanced resilience and finance flows which might be aligned with local weather aims.
Each organisations will work collectively in a number of areas to drive a simply vitality transition, together with concentrating on tripling renewable vitality capability by 2030 and doubling clear hydrogen by unlocking world cross-border commerce.
Operationalising funding preparations for the loss and injury fund to help essentially the most susceptible communities was seen as key, with each events supporting the total implementation of the US$100 billion supply plan in order that the purpose could be met in 2023.
Doubling adaptation finance from 2019 ranges will assist be certain that all nations stay targeted on supporting local weather motion, and the COP28 Presidency and the EC can even look to ship on commitments made on current amenities, such because the Inexperienced Local weather Fund.
Each organisations can even look to put the groundwork for a bigger mobilisation of local weather finance from all sources that meets the wants of growing nations to embark on the vitality transition. This can embrace advancing reforms to current worldwide monetary establishments (IFIs) and figuring out progressive mechanisms that can speed up local weather motion and unlock personal finance movement to rising markets and growing economies.
“Capital might be key throughout each local weather pillar – and what I’ve heard repeatedly on my travels is that local weather finance is nowhere close to out there, reasonably priced or accessible sufficient,” Dr. Al Jaber mentioned.
The Fee additionally expressed its help for the initiative of the Incoming COP28 Presidency to organise the first-ever well being day and climate-health ministerial.
The European Fee and the Incoming COP28 Presidency intend to keep up shut coordination on the political and technical degree within the coming months, working collectively at numerous occasions. These embrace the Summit for a New International Financing Pact on 22-23 June, the Ministerial on Local weather Motion on 13-14 July, the G20 Power Ministers Assembly on 22 July, the G20 Atmosphere and Local weather Sustainability Ministers Assembly on 28 July, the G20 Leaders Summit on 9-10 September, the UNSG’s Local weather Summit on 20 September and a number of regional political fora around the globe.
“Combatting local weather change would require a collective effort – and which means everybody, in every single place” Dr. Al Jaber mentioned. “We want solidarity, unity and partnership throughout all sectors and between all stakeholders to maneuver from targets to getting it accomplished. COP28 should be a COP of motion and a COP for all if we’re to ship the system-wide transformation that the world wants.”
Over the course of his go to to Brussels, Dr Sultan additionally held conferences with Charles Michel, President of European Council. Later at this time, the COP President Designate is scheduled to ship remarks at a reception hosted by the UAE Embassy in Brussels.
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