February 23, 2024

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UAE President stresses hyperlink between sustainable improvement and local weather motion

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Sheikh Mohamed emphasised that the UAE has positioned local weather motion on the core of its technique, stating, “Now we have invested over $150 billion in local weather motion and have bold plans for additional investments on this area sooner or later.” He additionally famous the UAE’s dedication to decreasing emissions in all financial sectors by 2030 and attaining local weather neutrality by 2050, saying, “The UAE was the primary Gulf nation to ratify the Paris Settlement, and the primary within the area to decide to decreasing emissions in all financial sectors by the yr 2030.”

As host of COP28, the twenty-eighth Convention of the Events to the United Nations Framework Conference on Local weather, the UAE is dedicated to attaining transformative local weather motion. President Sheikh Mohamed said, “The COP28 UAE Presidency can be dedicated to attaining transformative local weather motion, transferring from deliberation to motion, and delivering a complete motion plan for the advantage of all individuals and the planet.”

President Sheikh Mohamed additionally pressured the necessity for worldwide cooperation and financing to assist the vitality transition and handle the impacts of local weather change, significantly within the International South and weak communities. He known as for a rise in renewable vitality manufacturing capability and doubling hydrogen manufacturing, saying, “Vitality and local weather change are intently intertwined. It’s important that the world accelerates its logical, sensible, and balanced transition within the vitality sector.”

Sheikh Mohamed prolonged an invite to the world to affix the UAE’s efforts and initiatives geared toward attaining vital developments in local weather motion, expressing his confidence on this planet’s optimistic response. He additionally known as for developed international locations to satisfy their pledge to supply $100 billion to growing international locations and reform worldwide monetary establishments to safe the required financing for local weather motion.

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