In a speech delivered on the sidelines of the UAE Climate Technology Forum held in Abu Dhabi, Al Jaber pointed out that the volume of investment in clean technologies has exceeded, for the first time, the level of 1,000 billion. dollars last year.
He continued: “With the right policies that encourage the right investments, climate technologies can at least double their contribution to global growth, while removing up to 25 billion tonnes of carbon emissions per year, and Leveraging climate technologies, we can build a Model A new economic development dependent on ending emissions, while breathing new life into economic growth.”
COP28 President-designate Dr. Sultan Al Jaber said the “UAE Climate Technology Forum” aims to harness the power of technology to transform one of the greatest challenges we face into one greatest opportunities for achieving sustainable social and economic development. .
He added saying: The Conference of the Parties at COP28 will witness the achievement of the first global outcome to assess progress in implementing the goals of the Paris Agreement, as the scientific facts already show us that we are still far from being on track to achieve them. , as the latest report from the Intergovernmental Panel on Climate Change confirmed that the world must reduce its emissions by 43% by 2030. If we are to maintain the ambition to reach the goal of avoiding that the global temperature rise does not exceed the level of 1.5 degrees Celsius”, he added, adding: “At the same time, the global demand for energy will continue to increase, because the world population will increase about half a billion more people by 2030.
As Dr. Sultan Al-Jaber pointed out; Minister of Industry and Advanced Technologies; The appointed President of the Conference of the Parties to COP28 indicated that the most important results that we have achieved in recent months, and after communicating with partners and stakeholders in various regions of the world, are:
The potential is there, but the effort is scarce, and it just blocks our efforts. What we lack is a comprehensive working system that unifies the efforts of all major influential parties and brings everything together under one roof.
“That’s why I’ve convened this forum today with over 1,000 leaders from technology companies, major industries, finance, government, civil society and the energy sector, because these sectors hold the keys to the fundamental change we need at a system-wide level, but we need to take steps to better contribute to its interconnectedness in the right way,” according to Dr Sultan Al Jaber.
“For almost five months, as part of our preparations for COP28, my team and I have been proactively participating in a listening tour through which I have collected many views from countries in the South, from major economies, from civil society and the business community,” he said.
“What we lack is a complete and unified ecosystem that brings together all the important parts,” he added.
Al-Jaber also pointed out that this forum aims to provide an opportunity to build this interdependence and to help create a system of work that allows us to be able together to achieve the qualitative change required in climate action, to reduce emissions and ensure that our economies keep pace with the future.
Al-Jaber reaffirmed what can be achieved when government efforts are combined with technology and the necessary funding is available, referring to the example of Masdar, as he said: “When we created Masdar In 2006 here in the UAE, the total global production of solar power was just over 6 GW. Today, 6 GW of new capacity is added every two weeks. In 2006, the cost of a kilowatt hour of solar power was over $2, but today it’s less than 2 cents. So I Abu Dhabi Sustainability, and earlier this month in Berlin, aims to triple generation capacity from renewable energy sources by 2030 to 11,000 GW, and the target will be doubled again by 2040.
However, Al-Jaber stressed, at the same time, that renewable energy sources are not the only solution and cannot be, in a world where there are more than 5,000 cement factories, d steel and aluminum which are collectively responsible for about 30 percent of global emissions, and it cannot be relied upon on renewables alone in its operation.
He continued: “Here is the role of solutions such as: hydrogen, which we need to expand the scope of its production and commercialization in order to have a real impact on the energy sector system. And if we really want to reduce emissions from the industrial sector, we need to redouble our efforts in carbon capture technology, more so than any realistic scenario.” It aims to achieve climate neutrality, and requires the use of carbon capture technology…without it…that goal will not be achieved.”
said Dr. Sultan Al-Jaber; Minister of Industry and Advanced Technologies of the United Arab Emirates; President Designate of COP28: We must continue to work to make progress in increasing battery storage capacity, developing nuclear energy and investing in new energy solutions such as nuclear fusion. At the same time, we must adopt and apply the latest technologies, such as artificial intelligence, robotics and blockchain, with the aim of increasing the efficiency of the energy sources currently used in each sector.
Food systems and the agricultural sector
“Food systems and the agricultural sector are also major contributors to greenhouse gases, responsible for more than a third of global emissions. It is important that technology companies focus on this area,” said Dr Sultan. AlJaber.
He pointed out that the UAE has begun to take pioneering steps in agricultural technology, vertical farming and the use of digital technologies to reduce energy and water consumption and increase the productivity of agricultural crops in harsh climatic environments. reduce emissions and increase the amount of food available to all of the world’s population.
With the aim of making every effort to reduce emissions in hydrocarbon-based energy sources, Dr. Sultan Al-Jaber said; Minister of Industry and Advanced Technologies of the United Arab Emirates; President designate of COP28 He called on the oil and gas industry to strive to achieve zero methane emissions by 2030 and agree on comprehensive plans to achieve climate carbon neutrality by here 2050 or before.
Al-Jaber said, “The goal is clear for this sector and all other sectors. We must phase out emissions in all sectors, including transport, agriculture, heavy industries and, of course, conventional fuels, while investing in the technologies needed to develop all alternative emission-free energy sources. . And for It goes faster. We also need to rethink the relationship between producers and consumers, and shift it from a relationship based solely on supply and demand, to a relationship based on working together to build the future.
Dr. Sultan Al-Jaber also stressed the need for countries in the South to participate in new technologies and not leave them out, noting that “over the past year, the share of developing economies has not been only 20% of investment in clean technologies, noting that these economies represent 70 percent of the world’s population, or more than 5 billion people.
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