The article discusses the upcoming COP29 climate summit, set to be hosted by the United Arab Emirates (UAE) in 2023. Sultan Al Jaber, the UAE’s climate envoy and the president-designate of COP28, emphasizes the need for a global consensus on climate finance. He stresses the importance of developed nations fulfilling their commitments to provide $100 billion annually to help developing countries mitigate and adapt to climate change. Al Jaber acknowledges the challenges faced by developing nations and calls for a pragmatic approach that balances economic growth with environmental protection. He advocates for a comprehensive plan that addresses energy security, climate action, and economic progress simultaneously. The article highlights the UAE’s efforts to diversify its energy mix and invest in renewable sources while recognizing the continued role of oil and gas in the transition period. Al Jaber emphasizes the need for collaboration and consensus-building among all stakeholders to achieve meaningful progress on climate action.
Source: https://time.com/7174439/sultan-al-jaber-climate-finance-cop29-uae-consensus/