Cop28 President-delegate Dr Sultan Al Jaber has reaffirmed the need to reform climate finance and international financial institutions (IFIs).
Dr Al Jaber, also UAE Minister of Industry and Advanced Technology, made the comments during a virtual address at the meeting of G77 + China ministers and high authorities of environment, science, technology and innovation on Tuesday.
“With 80 per cent of the global population, the G77 provides an essential forum for the global south to deliver a united voice on the critical issue of climate change," he said during a meeting in Havana, Cuba, on sustainable, inclusive and resilient development.
"That voice is all the more important now in light of the impacts, which are being felt the most in the global south."
Cop28 in Dubai in November will deliver a plan of action that is ambitious and practical, “focused on results that address the needs of the global south", Dr Al Jaber said.
He said Cop28 would “fast-track a just energy transition that triples renewables, doubles hydrogen production and increases energy efficiency while phasing down the use of fossil fuels".
“We must safeguard energy affordability, accessibility and security, while maintaining socio-erconomic development," Dr Al Jaber said.
Cop28 will produce a “plan of action that reignites momentum on each of the pillars of climate action, from mitigation to adaptation, finance and loss and damage", he said.
On adaptation, "we need to double finance to $40 billion and allow for a truly global early warning system, built on the best technologies", Dr Al Jaber told delegates.
“The single largest obstacle to success is finance, and the Cop28 Presidency is committed to addressing this issue in a real way."
Expo City Dubai on hunt for green innovations for Cop28 - in pictures
“There are encouraging signs that the long overdue $100 billion pledge will be fulfilled,” he said, while warning that “IFIs and MDBs are not distributing concessional finance anywhere near quickly enough.
"Climate finance needs to be more available, more accessible and more affordable.”
Dr Al Jaber told the audience that Cop28 would work to lower the level of risk, mobilising “the private sector ─ unlocking trillions of dollars in climate finance".
For the first time, Cop28 “will address the impacts of climate change and livelihoods by putting food, health and nature at the heart of Cop", he said.
He also reminded delegates that at Cop27, “The unity of the G77 was critical to delivering a historic outcome on loss and damage.
"Indeed, G77 countries can help us on each of the priority areas by pushing for unity and solidarity throughout the negotiations.”
“Cop28 will be the first Cop to host a G77 summit. We urge you to use this platform to shape ambitious outcomes and accelerated action."
Dr Al Jaber said Cop28 would need G77’s help to deliver “a bold and transformative response to the global stocktake; to conclude the global goal on adaptation; to accelerate a balanced and just energy transition; and to finally deliver the scale and scope of climate finance that is needed for concrete results.”
He concluded with a call to unite, act and deliver.
“Let us work together to pave the way towards an inclusive, sustainable and resilient future for all.”
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
MATCH INFO
Champions League quarter-final, first leg
Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)
Matches can be watched on BeIN Sports
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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Engine: 3.0-litre V6
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The specs
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Torque: 370Nm
Price: Dh136,814
BRIEF SCORES:
Toss: Nepal, chose to field
UAE 153-6: Shaiman (59), Usman (30); Regmi 2-23
Nepal 132-7: Jora 53 not out; Zahoor 2-17
Result: UAE won by 21 runs
Series: UAE lead 1-0
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.
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
The biog
DOB: 25/12/92
Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister
UAE currency: the story behind the money in your pockets
