Skip to content Skip to Search
Skip navigation

Take action to keep climate goal in reach, urges Al Jaber

Al Jaber and IAE representatives met in Paris and discussed ways to support climate change commitments Wam
Al Jaber and IAE representatives met in Paris and discussed ways to support climate change commitments
  • Al Jaber at the International Energy Agency
  • Nationally Determined Contributions a priority
  • IEA will monitor countries’ compliance

The UAE consensus achieved at the Cop28 summit in Dubai set a clear roadmap for keeping global temperature rise to within 1.5C. Now the world must turn the plan into action and results, said Cop28 president Sultan Al Jaber

Al Jaber told the International Energy Agency roundtable in Paris on Tuesday that all stakeholders must work on enhancing their nationally determined contributions (NDCs) – plans for climate change adaptation and mitigation – ahead of the next cycle in 2025. 

“They need to adopt comprehensive, economy-wide emission reduction targets that cover all greenhouse gases and that are aligned with the science, and that keep 1.5 within reach,” the UAE’s representative said.

From March 1, the IEA will monitor countries’ compliance with their pledges in coordination with the United Nations. “We are also going to support the countries’ NDC formulation,” announced Fatih Birol, the IEA’s director. 

Among the deals struck in Dubai were a commitment from nations to transition away from fossil fuels, a goal to treble global renewable energy capacity, end deforestation by 2030 and reduce methane emissions.

“All industries should tap into their talent and balance sheets to decarbonise at a much larger scale,” said Al Jaber. However, this must be accompanied by smart policy incentives to commercialise nascent zero-carbon alternatives for heavy industry, such as hydrogen. 

To bridge the gap between Cops, last week the UAE envoy formed a ‘Cop Presidencies Troika’, or group of three, with future hosts Azerbaijan and Brazil.

The participants said finance is the key enabler of positive change, pointing out that there is a need to work on policies and incentives to activate all sources of capital.

Cop28 mobilised $85 billion in new pledges and commitments from multiple sources, and launched Altera, the world’s largest private investment vehicle for climate action. “But we need trillions, not billions,” said Al Jaber.

For this purpose, the IEA announced it would be working on innovative financial mechanisms to reduce the cost of capital in emerging and developing countries and support energy transition in the Global South.

Latest articles

Alstom's upgraded passenger transit system will help reduce emissions at King Abdulaziz International Airport

Alstom to upgrade driverless transit system at Jeddah airport

French train maker Alstom will upgrade the automated and driverless passenger transit system at King Abdulaziz International Airport, as the Jeddah airport aims to receive 114 million passengers by 2030. As part of the contract, Alstom will design, engineer, supply, integrate, test and commission a complete system upgrade of its Innovia automated people mover (APM) at the airport’s terminal […]

The Al Dhafra solar PV project. Ewec plans to increase Abu Dhabi’s solar production capacity to 7.6 GW by 2030

Abu Dhabi to generate 50% power from green sources by 2030 

Abu Dhabi plans to generate more than half of its electricity from renewable and clean energy by 2030, a senior Emirates Water and Electricity Company (Ewec) official has said. The state-owned entity is increasing the emirate’s solar energy production plan to 7.6 gigawatts (GW) by 2030, the UAE state-run Wam news agency reported, quoting CEO Othman Juma […]

An Acwa Power solar facility in Saudi Arabia. The Bank Of China loan will help finance its solar projects in Uzbekistan

Acwa Power takes China bank loan in first for Saudi Arabia

Saudi energy major Acwa Power has secured an $80 million loan from the Bank of China as the appeal of the Chinese Renminbi as a trade currency gains traction in the GCC. Acwa Power, the world’s largest private water desalination company and a first mover into green hydrogen, has received the equity bridge loan to […]

Solar power panel

Cost of Xlinks Morocco-UK project balloons by a third

The cost of an ambitious project to deliver green energy from the south of Morocco to power homes in the UK has ballooned by more than a third to $30 billion. Xlinks First is behind the Morocco-UK renewables project, which would construct the world’s longest high-voltage direct current (HVDC) subsea power cable between the North […]