Dr Sultan Al Jaber, President-designate of the Cop28 summit, has called for a "system-wide transformation" to be brought into force to allow the world to "course correct" in its mission to achieve crucial climate change goals.
"Significant challenges lie ahead" as the international community seeks to drastically reduce emission levels and limit global temperature rises, Dr Al Jaber said.
The climate change champion, who also serves as the UAE's Minister of Industry and Advanced Technology, is confident that much-needed progress can be made on the road to Cop28 in Dubai in November and beyond.
"Opportunities and solutions" must be grasped to safeguard the planet, Dr Al Jaber said following the conclusion of the two-day Copenhagen Climate Ministerial, which he co-chaired.
An international call for action has been accelerated by the stark findings of the Intergovernmental Panel on Climate Change (IPCC) report, which said “deep, rapid and sustained greenhouse gas emissions reductions in all sectors” were needed to support efforts to cap temperature rises to 1.5°C above pre-industrial levels, as set out by the Paris Agreement in 2015.
The report, which was released on Monday, said wholesale changes were needed in energy, agriculture, transport, industry, building and land-use to reduce carbon emissions.
Opportunities for change must be taken
Dr Al Jaber said the report "highlighted the significant challenges ahead and the urgent need to course-correct if we are to meet the goals of the Paris Agreement".
"But more importantly, the report identifies the opportunities and solutions that are available to reduce emissions and enhance resilience,” he said.
Dr Al Jaber stressed the need to step up efforts to hit net zero emissions by adopting renewable and zero-carbon energies, decarbonising the current energy system and investing in proven and new mitigation technologies.
“We have a short window of opportunity to deliver a system-wide transformation," he said.
"But if we make the right investments, we can create a pathway for sustainable growth, where climate and economic progress go hand-in-hand.”
Dr Al Jaber, who is also managing director and group chief executive of Adnoc, spoke of the need to invest heavily in the future of the planet.
“We need to double adaptation finance by 2025 and we need a strong outcome on loss and damage this year, with clear recommendations from the transitional committee on the fund and funding arrangement.”
Dr Al Jaber led the Copenhagen summit alongside Sameh Shoukry, Cop27 President and Egypt’s Minister of Foreign Affairs, and Dan Jorgensen, Denmark's Minister for Development Co-operation and Global Climate Policy.
It was the first official meeting of climate leaders and ministers since Cop27, with more than 40 nations represented.
During the event, which was hosted by the Danish government, Dr Al Jaber held a series of one-to-one meetings with climate leaders, where he drove forward his agenda to secure commitment to an "inclusive Cop of action" and urged leaders to deliver "transformational progress" to deliver on the 1.5°C pledge.
The Danish capital was the latest stop in Dr Al Jaber's global tour to hear the views of a variety of partners across government, civil society, youth, the private sector and representatives of international organisation.
Dr Al Jaber and the Cop28 leadership team have so far visited India, the UK, Germany, France and the US. More meetings are scheduled in both developed and developing countries.
Cop28 will be held at Expo City Dubai from November 30 to December 12.
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Five personal finance podcasts from The National
To help you get started, tune into these Pocketful of Dirham episodes
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Balance is essential to happiness, health and wealth
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What is a portfolio stress test?
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What are NFTs and why are auction houses interested?
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How gamers are getting rich by earning cryptocurrencies
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Should you buy or rent a home in the UAE?
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
Crazy Rich Asians
Director: Jon M Chu
Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan
Four stars
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
A cheaper choice
Vanuatu: $130,000
Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.
Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Killing of Qassem Suleimani
Brief scores
Day 1
Toss England, chose to bat
England, 1st innings 357-5 (87 overs): Root 184 not out, Moeen 61 not out, Stokes 56; Philander 3-46
The specs
A4 35 TFSI
Engine: 2.0-litre, four-cylinder
Transmission: seven-speed S-tronic automatic
Power: 150bhp
Torque: 270Nm
Price: Dh150,000 (estimate)
On sale: First Q 2020
A4 S4 TDI
Engine: 3.0-litre V6 turbo diesel
Transmission: eight-speed PDK automatic
Power: 350bhp
Torque: 700Nm
Price: Dh165,000 (estimate)
On sale: First Q 2020
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.