COP28 Financial News

COP28 President Al-Jaber at last night's plenary | Credit: UNFCCC

China climate envoy Xie Zhenhua heads to bilateral meeting earlier today | Credit: UNFCCC

DUBAI : The United Arab Emirates (UAE), the host of the UN climate change conference (COP28) this year, will circulate a draft landmark declaration for food security transition to member countries in a few days, UAE’s climate change and environment minister Mariam Al Mehairi said in an interview. COP28, under the UAE presidency, aims to transform food systems to ensure that it is part of national climate efforts and secure the annual $100 billion in climate finance owed to developing nations. She also highlighted the challenges in importing fertilizers and wheat from Russia because of the war and the COP28 presidency’s focus on improving lives and livelihoods in Africa, helping unlock Africa’s green energy potential and ensuring food security.

greenhouse gas emissions, to meet Paris Agreement goals but doesn’t explicitly lay down as to how they would do it. One of the critical aspects of the declaration, however, is that it underlines the principles of common but differentiated responsibilities (CBDR) in mitigation efforts, and also of different national circumstances that can be useful to the countries of the Global South ahead of the UN Climate Meeting (COP28) in Dubai in November.

New Delhi: Spain's vice-president Nadia Calvino on Saturday underscored the paramount importance of multilateralism and global collaboration in addressing climate change during the G20 Leaders’ Summit on Saturday. “There has been a very strong call for multilateralism and confidence in our joint ability to co-operate and to work together to face global challenges such as climate change during the discussion this morning," Calvino said on the sidelines of the G20 Leaders’ Summit after the first session on One Earth.

Mint. “With all the work that we do, we are ensuring that we meet our scientific agenda whether applied research or development work. As part of it, we have an agenda for COP28 with 10 different initiatives, which will communicate to every theme that we have during COP28 and highlight the national and international SDGs," said Tarifa Alzaabi, deputy director general of ICBA.

agricultural organisation (FAO) that will result into producing a policy paper and a book. “We have ‘save the millets campaign’ since it’s the international millets year.

climate change. During the opening session of the Global Adaptation Dialogue, Ambassador Majid Al Suwaidi, Director-General and Special Representative of COP28, reaffirmed the Presidency's unwavering commitment to prioritize adaptation and resilience.

European Union nations are resisting an updated climate pledge showing the bloc is on course to over-deliver on emissions cuts ahead of COP28, in the latest sign of concern over the pace of the green transition. The European Commission, the bloc’s executive arm, is aiming to submit by September a revised pledge showing it’s on course to slash carbon emissions by 57% by 2030, according to a draft document seen by Bloomberg. But Poland, Lithuania, Hungary, Italy, Slovakia and Romania are concerned that the figure — higher than the 55% targeted under the bloc’s green deal — is too ambitious, according to people familiar with the matter.

Edward Hobart, ambassador of the United Kingdom and Northern Ireland to the UAE, affirmed his country's support for the UAE hosting of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP28) and UK's active participation and engagement in the UN climate conference. «In COP28, we think that the UAE is a great country to be hosting it, understands energy, has a long history in energy, and has a long history in renewable and clean energy including nuclear. So, it has an example it has set and we need to bring more countries with us.

The 2023 UN Climate Change Conference will convene from 30 November to 12 December 2023 in Dubai, United Arab Emirates (UAE). Mint explains what to expect from the 28th meeting of the Conference of the Parties (COP 28). A.

The oil-rich UAE, set to host COP28 from November to December in the business hub of Dubai, requires official permission for protests but effectively bans demonstrations it deems disruptive. At the upcoming UN climate talks «there will be space available for climate activists to assemble peacefully and make their voices heard», it said. The announcement was made in a joint statement with the United Nations Framework Convention on Climate Change (UNFCCC) released on Tuesday and published by the UAE's official WAM news agency.

New Delhi: In a significant move towards promoting inclusivity and transparency, the COP28 Presidency and the United Nations Framework Convention on Climate Change (UNFCCC) have officially signed the host country agreement during a meeting in Abu Dhabi. “The COP28 presidency and the United Nations Framework Convention on Climate Change (UNFCCC) have officially signed the host country agreement, strengthening their joint commitment to inclusivity and transparency at COP28 that fosters solidarity and transformative progress across the climate agenda," the company said in a press release.

New Delhi: COP28 President-designate Sultan Al Jaber and United Nations Framework Convention on Climate Change (UNFCCC) executive secretary Simon Stiell on Thursday called upon G20 nations to take a greater leadership role in climate change mitigation and adaptation. With only 125 days to go, the leaders issued a joint statement on the sidelines of the G20 ministerial meeting in Chennai, calling on G20 nations to “lead the way" on delivering a positive outcome on mitigation at the COP28 climate conference this year.

New Delhi: In a significant push towards climate action, COP28 president Sultan Ahmed Al-Jaber has called uponl countries to unite and join the Global Cooling Pledge ahead of the 28th Conference of the Parties (COP28). Speaking on the sidelines of the 14th clean energy ministerial and the G20 energy transitions ministerial meeting, Al Jaber emphasized the critical importance of sustainable cooling solutions to address climate challenges and protect vulnerable communities.

New Delhi: The COP28 UAE Presidency and the International Energy Agency (IEA) convened the first in a series of high-level dialogues in the run-up to COP28 around building a 1.5°C-aligned energy transition. The initiative is being carried out in collaboration with the International Renewable Energy Agency (IRENA) and will be supported by the United Nations Framework Convention on Climate Change (UNFCCC). The dialogues are intended to build consensus on 1.5°C-compatible energy transition pathways and the enabling conditions needed to achieve them, as well as momentum around the target energy outcomes for COP28.

New Delhi: Prime Minister Narendra Modi, who is on an official visit to the UAE, met president-designate of COP28, Sultan bin Ahmed Al Jaber, on Saturday, assuring India’s full support for the presidency to the Gulf nation, the prime minister’s office said. According to the PMO, Jaber briefed PM Modi on UAE’s approach to this important meeting.

United Arab Emirates, host of this year’s UN climate talks, unveiled on Thursday the much-awaited plans and priorities for COP28, to be held in November in Dubai. The plan could lead to a global agreement to double energy efficiency, triple renewable energy capacity to 11,000 GW, and double hydrogen production to 180 million tonnes a year by 2030. “This plan is guided by a single north star.

Ahead of COP28, the UAE's EV market is booming, bolstered by private investments, government initiatives, and partnerships with countries such as India