Sultan Ahmed Al-Jaber, Minister of Industry and Advanced Technology and President-designate of COP28, said the entire international community must unite and commit to corrective climate action.
And he continued, in press statements, that “in late July,” I met in India with ministers from the Group of Twenty of the major developed and developing countries. These countries together produce 85% of global economic output and 80% of carbon dioxide emissions, which puts them firmly in the driving seat of our collective response. to climate change. Without the collective leadership of the G-20, the world will remain hostage to climate inaction. With just over 100 days until this year’s COP28 meeting in the UAE, we all need to step up efforts, make the necessary commitments and unify concerted efforts.
“Let me be honest: I didn’t expect COP28 to be easy, but we all know that the later we come together and act, the harder it will be to decarbonize our economies and embrace the green innovations and opportunities that will drive the jobs and prosperity of the future.”
He stressed, “We cannot afford any more delays. In a few weeks, the First Global Assessment—a process for countries and stakeholders to see where they are collectively making progress toward the goals of the Paris Climate Change Agreement—will be awesome read. We do not need a report to tell us that we have deviated from the right track.
And he added, “However, I am optimistic that, together, we can still seize the opportunity and keep the goal of limiting global warming to 1.5°C within reach, if we act with unprecedented unity and solidarity. Containing climate change is a political, technological and engineering challenge that requires a political, technological and engineering response.
“First, we need to accelerate the transformation of the world’s energy system through a fair and orderly transition, with a rapid increase in renewable energy as we relentlessly build towards an energy system free of all fossil fuels. Between now and 2030, that means a tripling of global renewable capacity to 11,000 gigawatts, more than eight times the total generating capacity of the United States.
And he added, “Oil and gas companies must align themselves around net zero, eliminating methane emissions by 2030 and align themselves with net zero emissions by 2050 or earlier. In parallel, we need to double the production of low-carbon hydrogen, which is an important fuel for decarbonizing hard-to-mitigate sectors such as cement, steel and aluminium.
Second, we need to modernize our climate finance architecture to unlock the public and private capital needed for the transition – the developing world alone requires trillions of dollars of annual investment. The starting point should be restoring confidence in the multilateral system. We need to bring large-scale private capital through innovative new financing solutions into the developing world. I am confident, as I continue to talk to colleagues around the world, that we can fulfill our historic funding commitments of $100 billion to developing countries this year and continue to have significant funding flowing into the emerging and developing world.
“We need to rethink the way we produce and consume food. Currently, our entire food system – from plant to plate – is responsible for a third of greenhouse gas emissions. We need to shift to agriculture that works with nature, not against it, and that stores carbon,” he stressed. It doesn’t emit it, which replenishes the soil, it doesn’t break it down. And all while providing enough food for all of us.”
2023-08-10 18:38:55
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