The Minister of Presidential Affairs of the United Arab Emirates (UAE), Mansur bin Zayed al Nahyan, has appointed Ahmed al Jaber to lead the organization of COP28, between November 30 and December 12, according to the official agency. WAM news.
As CEO of the Abu Dhabi National Oil Company (ADNOC), Ahmed al Jaber is “leading the decarbonization and diversification of the company’s operations and investments (…) to make today’s energy cleaner while investing in the clean energy of tomorrow,” he said. aggregate.
Ahmed al Jaber is also Minister of Industry and Special Envoy for Climate Change in the United Arab Emirates.
The executive also leads Masdar, a renewable energy company that currently operates in 40 countries.
Masdar was born from a project to have a city without cars and “carbon neutral”, in an investment of 22,000 million dollars (20,500 million euros), on the outskirts of Abu Dhabi. But, at the beginning of 2008 and after the global financial crisis, which hit the UAE hard, the project, led by Al Jaber, ended up reducing its ambitions.
The UAE is “committed to increasing ambition in this critical decade for climate action,” WAM said, recalling that it was the first country in the region to “commit to economy-wide emissions reductions.”
The last UN climate conference, COP27, ended in November in Sharm el-Sheikh, Egypt, with the adoption of two main texts, a final declaration and a resolution on compensation for damage caused by climate change, which vulnerable countries suffer.
Among the possible financing modalities of the resolution adopted on financial support is the creation of a “loss and damage response fund”, a demand from developing countries.
However, the modalities for the implementation of the fund will still have to be elaborated by a special commission, to be adopted at COP28.
“Financing is the key that can unlock climate action and the UAE is committed to supporting and facilitating the review of international financial institutions to increase public funding, tap into private finance and improve access,” Ahmed al Jaber said.
Source: TSF
