In 50 days, world leaders will gather at COP29 to present a new vision for accelerating climate action. Over the past week, UAE leaders traveled to the US for high-level meetings from the White House in Washington to the United Nations in New York to discuss progress across climate finance, the UAE Consensus, and the global commitment to sustaining the 1.5 We’ve been talking. Affordable temperature, clean energy, green technology, nature and biodiversity, food system transformation, and water resilience. This lays the foundation for COP29 in Baku, an important opportunity to strengthen collective ambition, elevate more voices, enable a new era of climate action, and build global resilience for all. It will be.
At COP28 in Dubai, the UAE galvanized 198 parties to deliver on the historic UAE agreement, pledging to keep 1.5°C within reach and a new era in ambitious climate action. accelerated. Demonstrating the success of multilateralism and inclusion, the UAE Consensus provides the world with a clear path forward to keep 1.5°C within reach, an ambition that will enable the world to reach net zero by 2050. The goal was to triple renewable energy and double energy efficiency. They also include a commitment to end deforestation by the end of the decade and a significant first commitment to climate finance through the Loss and Damage Fund announced on the first day of COP28.
The Fund will help some of the most climate-exposed countries respond to the impacts of climate change, and for the first time recognizes the role of credit rating agencies and will help address the evolving challenges faced by climate-vulnerable communities. It will expand adaptation financing to meet demand.
COP28 marks the beginning of a new era in climate action, where voices from across industries, sectors, youth and communities engage in open dialogue to explore new solutions to co-create climate resilience. encouraged to do so. To ensure continuity, action and sustained multilateral cooperation, the Troika of COP Presidencies also emerged from COP28 and, together with Azerbaijan and Brazil, ensured continuity for the UAE as Presidencies of COP29 and COP30 and committed to climate action. was ordered to be promoted. The Mission 1.5°C Roadmap aims to transform the UAE Consensus from an agreement into concrete, sustained action and bring accountability to the next Nationally Determined Contributions (NDC) due by February 2025. Become.
Abdullah Al Barala, Under-Secretary for Energy and Sustainability Affairs at the UAE Ministry of Foreign Affairs, said: “The ambition of COP28 was to galvanize a global approach to climate change priorities. UAE Consensus From the Agenda for Action, we wanted to bring diverse voices to the table around the world and usher in a new, more inclusive model for how climate change meetings should be conducted. We define challenges as opportunities to reimagine how we can come together to build global resilience, build future-ready communities, and protect our planet for future generations. COP29 will accelerate action together, co-create climate resilience, bridge global priorities and capacities, and ensure our multilateral partnerships lead to impactful and equitable outcomes. This is an exciting milestone for us to continue.”
Through the COP28 Presidency’s Agenda for Action, climate action will be promoted across the pillars of rapidly advancing a just and orderly energy transition, making climate finance more available, affordable and accessible; , has focused on nature, life, and livelihood. and promote full inclusivity in climate action. COP28 also saw the swift adoption of the World Bank-sponsored Loss and Damage Fund with 19 countries, which has so far pledged approximately US$800 million, including US$100 million from the UAE; This includes the establishment of a $30 fund called ALTÉRRA. A private investment vehicle to promote climate finance in developing countries. All these efforts mobilized an unprecedented $85.1 billion for climate action, launched 11 pledges and declarations, and took multilateral climate change mitigation and adaptation efforts to new heights.
US President Biden, who met with President His Highness Sheikh Mohammed bin Zayed Al Nahyan at the White House in Washington last week, described the UAE as “a pioneering nation that is always looking to the future.” President Biden cited the countries’ joint efforts to “expand cooperation in AI, clean energy and space, and invest in the infrastructure that connects our region…side-by-side in the same toughest places.” said.
UAE plans to invest more than $163 billion in clean renewable energy over the next few years to achieve net-zero emissions by 2050, tripling renewable energy production capacity by 2030 I promise to do it. The 2051 National Food Security Strategy is a comprehensive national system that enables sustainable food production through cutting-edge technology. The UAE, in collaboration with the US, has also launched a global initiative, the Agricultural Innovation Mission for Climate (AIM4C), to promote climate-smart agriculture and improve agricultural and food security. Pledged to invest $16 billion in the food system. This effort garnered support from more than 600 state and non-state stakeholders and partners, resulting in more than $17 billion in investments.
Abdullah Al Balallah said: “As the international community focuses on COP29, assessing the progress achieved against these goals and the gaps that still need to be addressed will be essential to this year’s discussions. ” concluded. The UAE Consensus continues to serve as our guiding Arctic, delivering on our collective ambitions for transformative climate action and providing an inclusive platform for building a more just and equitable future for all. It must continue to function as a framework. ”