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

EUR -
AED 4.225097
AFN 74.780434
ALL 93.330801
AMD 421.407279
AOA 1054.980993
ARS 1718.813836
AUD 1.638566
AWG 2.073722
AZN 1.931279
BAM 1.955834
BBD 2.32072
BDT 142.282458
BHD 0.434502
BIF 3409.003329
BMD 1.15047
BND 1.477745
BOB 14.028242
BRL 5.85509
BSD 1.15222
BTN 109.797896
BWP 15.671134
BYN 3.368229
BYR 22549.209477
BZD 2.31742
CAD 1.615329
CDF 2602.362517
CHF 0.932312
CLF 0.026952
CLP 1064.196427
CNY 7.768668
CNH 7.770308
COP 3732.296833
CRC 523.402216
CUC 1.15047
CUP 30.487452
CVE 110.266905
CZK 24.201687
DJF 205.183544
DKK 7.475425
DOP 66.840283
DZD 152.991799
EGP 57.937756
ERN 17.257048
ETB 185.975987
FJD 2.54875
FKP 0.856378
GBP 0.856208
GEL 3.002944
GGP 0.856378
GHS 13.464233
GIP 0.856378
GMD 85.134534
GNF 10118.174765
GTQ 8.791152
GYD 241.44417
HKD 9.022848
HNL 30.884131
HRK 7.532242
HTG 150.654566
HUF 363.935611
IDR 20734.91849
ILS 3.498723
IMP 0.856378
INR 109.718701
IQD 1509.412951
IRR 1582183.690469
ISK 142.002458
JEP 0.856378
JMD 182.520773
JOD 0.81571
JPY 181.706937
KES 148.912056
KGS 100.608301
KHR 4656.14113
KMF 492.40131
KRW 1648.634626
KWD 0.356059
KYD 0.960208
KZT 546.57469
LAK 26060.450125
LBP 103186.685366
LKR 386.866682
LRD 207.983592
LSL 19.003028
LTL 3.397038
LVL 0.695907
LYD 7.344127
MAD 10.743586
MDL 20.118347
MGA 4908.020781
MKD 61.526063
MMK 2415.603091
MNT 4123.628378
MOP 9.30728
MRU 46.147195
MUR 54.118279
MVR 17.774842
MWK 1998.00846
MXN 19.907397
MYR 4.712444
MZN 73.518045
NAD 19.002863
NGN 1569.229406
NIO 42.400732
NOK 10.949481
NPR 175.674744
NZD 1.960268
OMR 0.442354
PAB 1.15222
PEN 3.891667
PGK 5.085022
PHP 70.445586
PKR 319.946845
PLN 4.313485
PYG 6873.118715
QAR 4.200473
RON 5.246722
RSD 117.351337
RUB 93.072594
RWF 1689.707155
SAR 4.307508
SBD 9.285622
SCR 15.444045
SDG 690.281641
SEK 11.011774
SGD 1.477163
SLE 28.128442
SOS 658.502788
SRD 43.494652
STD 23812.403546
STN 24.500104
SVC 10.082087
SZL 19.006163
THB 38.482636
TJS 10.640984
TMT 4.026645
TND 3.381158
TRY 54.715507
TTD 7.813067
TWD 37.331651
TZS 3045.866681
UAH 51.685019
UGX 4312.07448
USD 1.15047
UYU 46.3408
UZS 13815.118537
VES 860.380507
VND 30217.666405
VUV 137.071361
WST 3.143332
XAF 655.959777
XAG 0.019614
XAU 0.000284
XCD 3.109202
XCG 2.076618
XDR 0.815807
XOF 655.96833
XPF 119.331742
YER 274.316386
ZAR 19.011457
ZMK 10355.61139
ZMW 21.654186
ZWL 370.450829
  • CMSC

    -0.0800

    21.76

    -0.37%

  • CMSD

    -0.0900

    22.02

    -0.41%

  • NGG

    -0.1100

    79.86

    -0.14%

  • BP

    -0.9600

    44.26

    -2.17%

  • BTI

    -1.0900

    59.56

    -1.83%

  • RIO

    -0.9500

    95.9

    -0.99%

  • RBGPF

    1.7800

    70.99

    +2.51%

  • BCE

    0.1100

    21.79

    +0.5%

  • AZN

    -11.6700

    157.97

    -7.39%

  • GSK

    -0.1800

    51.51

    -0.35%

  • RYCEF

    0.6500

    20.2

    +3.22%

  • BCC

    6.6500

    83.03

    +8.01%

  • JRI

    -0.1400

    12.82

    -1.09%

  • VOD

    -0.1700

    15.61

    -1.09%

  • RELX

    0.7400

    36.16

    +2.05%

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