Al Jaber on Sunday praised India, the current hosts of the Presidency of the G20, for its energy transition vision even as he acknowledged the critical need for a «new paradigm» in climate finance to ensure every country across global south adopts low carbon development. The UAE and India shared a «vision for embracing an energy transition in line with sustainable socio-economic development,» Al Jaber said at the 'From G20 to COP28' special forum held at Abu Dhabi.
Starting November 30, Dubai would be hosting the COP28, the annual climate change negotiations called the Conference of Parties (COP) under the aegis of the United Nations Framework Convention on Climate Change (UNFCCC).
This joint focus on renewables presents a huge opportunity to develop both economies for the future, he said, and added, «The UAE is a pioneer in renewable energy, home to some of the biggest solar projects in the world and one of the largest global investors in the sector.»
Al Jaber thanked the leadership of India in delivering the G20 Delhi Declaration and for the immense progress achieved on core climate actions.
He specifically thanked the leadership of Prime Minister Narendra Modi for delivering a global agreement and highlighted the Indian government's strong approach to cooperation and multilateralism, which the COP Presidency aims to emulate.
COP28 would «frame climate action as an opportunity for growth,» he said, adding that it would aim for «ambitious and balanced outcomes through the first Global Stocktake, across mitigation, adaptation and means of implementation.»
Al Jaber praised Prime Minister Modi's commitment to multilateralism and reminded delegates that, under Prime Minister Modi's guidance, countries representing 85