During the Global Energy Forum, Dr. Al Jaber outlined the UAE’s four priority areas for COP28. These key priorities will guide the collective action and efforts at COP28, fostering global collaboration and advancing sustainable solutions.
COP28 will aim to triple renewable energy generation from 8 to 23 TW hours by 2030 and more than double low-carbon hydrogen production. Emphasis will be placed on transforming food and agriculture systems, investing in agri-tech, optimizing water usage, and accelerating food production. Collaborative efforts with the energy industry will accelerate decarbonization, reduce methane emissions, and expand hydrogen utilization.
Protecting vulnerable communities and critical systems from extreme weather events and biodiversity loss is paramount. COP28 will emphasize the preservation of rainforests and the implementation of nature-based solutions, such as mangroves, to act as effective carbon sinks while safeguarding coastlines and preserving ecosystems. Resilience of the global food system to changing weather patterns and doubling adaptation finance for the Global South to reach $40 billion annually by 2025 are key objectives.
COP28 will prioritize making climate finance more accessible and affordable, striving for a multiplier effect where every concessional dollar attracts $2 or $3 of private capital. Responding to the international community's call for inclusive reforms, COP28 aims to facilitate comprehensive reforms of multilateral development banks and international financial institutions, supported by proactive and supportive efforts as the chair of the World Bank-IMF Development Committee.
COP28 commits to supporting the most vulnerable communities in rebuilding after climate-related disasters. Building on progress achieved in Sharm El Sheikh, COP28 will strive to fully operationalize the loss-and-damage fund through collaborative efforts with the international community.