Dubai Telegraph - COP28 chair urges tripling of renewables capacity by 2030

EUR -
AED 4.244814
AFN 72.802804
ALL 95.914677
AMD 436.246704
ANG 2.068623
AOA 1059.686486
ARS 1612.008363
AUD 1.638291
AWG 2.082972
AZN 1.962345
BAM 1.969574
BBD 2.328475
BDT 141.855734
BGN 1.97528
BHD 0.436297
BIF 3432.136637
BMD 1.155602
BND 1.483243
BOB 7.989252
BRL 6.063493
BSD 1.156105
BTN 107.709447
BWP 15.776079
BYN 3.574902
BYR 22649.790599
BZD 2.325171
CAD 1.587086
CDF 2628.993471
CHF 0.913988
CLF 0.026713
CLP 1054.763637
CNY 7.97417
CNH 7.960725
COP 4269.832208
CRC 540.913237
CUC 1.155602
CUP 30.623441
CVE 112.151229
CZK 24.481386
DJF 205.373253
DKK 7.47086
DOP 67.978235
DZD 152.576569
EGP 60.372554
ERN 17.334023
ETB 181.657116
FJD 2.588804
FKP 0.867479
GBP 0.862477
GEL 3.13749
GGP 0.867479
GHS 12.593607
GIP 0.867479
GMD 85.514573
GNF 10143.290905
GTQ 8.843733
GYD 241.874076
HKD 9.052001
HNL 30.704397
HRK 7.533481
HTG 151.647087
HUF 392.943851
IDR 19565.490032
ILS 3.613959
IMP 0.867479
INR 107.442864
IQD 1513.838045
IRR 1519760.503236
ISK 143.791825
JEP 0.867479
JMD 181.624669
JOD 0.819309
JPY 182.423841
KES 149.763421
KGS 101.054924
KHR 4633.962204
KMF 494.597345
KPW 1040.027513
KRW 1724.007673
KWD 0.353926
KYD 0.963484
KZT 555.984674
LAK 24816.543481
LBP 103484.119913
LKR 360.370478
LRD 211.937779
LSL 19.449397
LTL 3.412191
LVL 0.699012
LYD 7.372499
MAD 10.814987
MDL 20.260655
MGA 4813.080507
MKD 61.61802
MMK 2426.462186
MNT 4143.804949
MOP 9.328119
MRU 46.350722
MUR 53.741226
MVR 17.853738
MWK 2007.279745
MXN 20.551813
MYR 4.551849
MZN 73.838926
NAD 19.44871
NGN 1568.150995
NIO 42.433955
NOK 10.997704
NPR 172.329658
NZD 1.976252
OMR 0.444335
PAB 1.156145
PEN 3.992022
PGK 4.971446
PHP 69.284099
PKR 322.586743
PLN 4.27635
PYG 7512.308906
QAR 4.211707
RON 5.093891
RSD 117.455653
RUB 99.556773
RWF 1686.022678
SAR 4.338713
SBD 9.300955
SCR 17.161078
SDG 694.516441
SEK 10.775205
SGD 1.478315
SHP 0.867
SLE 28.485234
SLL 24232.399446
SOS 660.428353
SRD 43.337431
STD 23918.619165
STN 24.845434
SVC 10.116052
SYP 127.727213
SZL 19.448949
THB 37.709593
TJS 11.069987
TMT 4.044605
TND 3.364245
TOP 2.782411
TRY 51.186048
TTD 7.836174
TWD 36.808226
TZS 3001.680884
UAH 50.840265
UGX 4369.74838
USD 1.155602
UYU 46.828911
UZS 14092.560843
VES 525.435424
VND 30380.765043
VUV 137.988555
WST 3.157358
XAF 660.611205
XAG 0.01622
XAU 0.000251
XCD 3.123071
XCG 2.083589
XDR 0.821585
XOF 660.428833
XPF 119.331742
YER 275.668443
ZAR 19.4876
ZMK 10401.796193
ZMW 22.631445
ZWL 372.103231
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    -0.5900

    16.01

    -3.69%

  • CMSC

    0.0200

    22.85

    +0.09%

  • NGG

    -1.8700

    85.53

    -2.19%

  • RIO

    -2.0700

    85.65

    -2.42%

  • GSK

    0.3100

    52.37

    +0.59%

  • RELX

    -0.0400

    33.82

    -0.12%

  • CMSD

    0.0100

    22.9

    +0.04%

  • VOD

    0.0500

    14.42

    +0.35%

  • BCE

    -0.0200

    25.73

    -0.08%

  • AZN

    0.5100

    188.93

    +0.27%

  • BCC

    -1.9800

    69.86

    -2.83%

  • JRI

    -0.1630

    12.16

    -1.34%

  • BTI

    0.6300

    58.72

    +1.07%

  • BP

    1.2500

    45.86

    +2.73%

COP28 chair urges tripling of renewables capacity by 2030
COP28 chair urges tripling of renewables capacity by 2030 / Photo: Tobias SCHWARZ - AFP

COP28 chair urges tripling of renewables capacity by 2030

The president of upcoming UN climate talks Sultan Al Jaber on Tuesday called on participants to drastically ramp up their use of renewable energy ahead of the key summit in the United Arab Emirates later this year.

Text size:

The meeting in November needs "ambitious, transparent and accountable commitments from countries and businesses", Al Jaber said in a speech at the opening of the Petersberg Climate Dialogue, a meeting of climate diplomats in Berlin.

"We will accelerate delivery in sectors like renewables that must triple capacity by 2030 and double it again by 2040," he added.

The summit chief's call echoes a key target laid out by the International Energy Agency.

Al Jaber had already raised the potential target at a closed-door meeting with G7 leaders in Japan last month.

While setting out a goal for faster renewables expansion, Al Jaber, who is also the chief executive of the UAE's state oil company, did not call for a complete end to the use of fossil fuels.

Rather, the future COP28 chair said the focus must be on removing the emissions such fuels produce.

"We must be laser focused on phasing out fossil fuel emissions, while phasing up viable, affordable zero-carbon alternatives," said Al Jaber.

Climate activists have criticised the decision to hold COP28 in the oil-rich UAE and the choice as COP president of Al Jaber, who also serves as the Gulf state's minister of industry and advanced technology.

- Climate fund -

Al Jaber also used his speech to call on developed countries to deliver a long promised $100-billion climate package for developing countries.

"This is holding up progress. And as part of my outreach, I am requesting donor countries to provide a definitive assessment on the delivery of this commitment before COP28," Al Jaber said.

In 2009, the chaotic UN climate summit in Copenhagen saw rich nations promise $100 billion a year by 2020 to the Global South, but last year the OECD said the amount delivered was still $17 billion short.

At the same time, the funding needed for developing countries to stop burning planet-heating fossil fuels and prepare for future climate disasters has already far outstripped that sum.

Campaigners are pushing for a redesign of the global financial architecture to help countries cope, as many emerging nations grapple with rising costs, soaring debts and extreme weather events.

German Foreign Minister Annalena Baerbock, who is hosting the Petersberg dialogue, however, reported that the pledged sum may finally be close.

"The good news is we are on the way to finally reaching this $100-billion sum this year," she said.

- Protest group -

Earlier this year, the UN’s climate expert panel said the world risks crossing the key 1.5-degree Celsius global warming limit in about a decade, urging a drastic reduction in planet-heating emissions.

While solar and wind power are already increasing dramatically, the UN report said that existing fossil fuel infrastructure will be enough to push the world beyond 1.5C, without the effective use of costly and emerging technology to capture and store the carbon pollution.

The meeting in Berlin came as the German capital was roiled by days of climate protests, with the action continuing Tuesday.

Campaigners from the Last Generation group have caused widespread disruption in the city by sticking themselves to the road surface to stop traffic and agitate for more climate protection.

Among other measures, Last Generation has called for the government to provide a "detailed plan" to meet the goal of a 1.5C-limit and introduce a general speed limit.

Representatives from the group met Germany's Transport Minister Volker Wissing on Tuesday.

Wissing said on radio Deutschlandfunk that he was surprised the activists "make so few sensible suggestions for climate protection and at the same time act so radically".

burs-sea/hmn/kjm

J.Chacko--DT