$100 million from UAE, a contribution for Climate Change Loss and Damage Fund.
The United Arab Emirates has announced the contribution of $100 million and it was approved by the COP28 summit.
The UAE also called on all countries that are able to contribute to these efforts and to consolidate the spirit of human solidarity.
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, said on his account on the X platform:
We congratulate all parties on the launch of this important fund to provide an effective response to the impacts of climate change …
We are pleased to announce the contribution of the United Arab Emirates of $100 million.
And we call on all countries that are able to contribute to these efforts and to consolidate the spirit of human solidarity.”
We welcome more than 70,000 guests from 198 countries to the #UAE heads of state, government leaders, ministers, and company officials.
The wisdom of the leadership and the determination of the people have strengthened the UAE’s position globally to discuss one issue 👌 pic.twitter.com/tRYs2Wy6Yj
— UAE Voice (@uae_voiceeng) November 30, 2023
The United Nations: ambitious actions to be taken at COP28 in the UAE.
The United Nations said that the talks currently taking place at COP28 in the United Arab Emirates represent a turning point.
Which will turn climate plans into ambitious action on the ground, and to turn the tide against the climate crisis.
The international organization expects that COP28 will be an important turning point.
Because countries will not only agree on what the strongest climate actions will be taken.
But the conference will also clarify how they will be implemented.
The #UAE is leading the world’s efforts to define a roadmap to accelerate progress in the areas of climate action #COP28UAE pic.twitter.com/WFhhIfMxK6
— UAE Voice (@uae_voiceeng) November 30, 2023
Measuring progress towards achieving the Paris Agreement goals on reducing impacts, adaptation, and climate finance.
As well as the adaption of current plans, is an essential part of the overall picture,.
For this reason COP28 is gaining greater importance.
Therefore, the decisions that the parties adopt at COP28 could become the most important outcome after Paris Conference in 2015.
As the first global assessment process, which began at COP26 UN Climate Change Conference in Glasgow, will end in Dubai.
The UN noted that His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, will lead climate negotiations.
Also he will provide leadership and comprehensive vision during the negotiations.
During his speech at the opening of #COP28
Sultan Al Jaber: #The UAE is proud to host #COP28,and deals with full awareness of the importance of the issues raised at this crucial stage👌💯 pic.twitter.com/5ZFa4dYfJp
— UAE Voice (@uae_voiceeng) November 30, 2023
The presidency of the conference also announced its main focus on changes in four main areas:
- Accelerating the energy transition and reducing emissions before 2030.
- Transforming climate finance by fulfilling old promises.
- Setting a framework for new deals.
- Putting nature, people, life, and livelihoods at the heart of climate action.
An effective step to address the impacts of climate change by $100 million from UAE
The contribution of the United Arab Emirates is a significant step towards supporting the efforts to address the impacts of climate change.
It is also a reflection of the UAE’s commitment to global cooperation and its belief in the importance of solidarity in the face of common challenges.
The Loss and Damage Fund is a new fund, established at COP28 to provide assistance to countries that are already experiencing the impacts of climate change.
The fund is expected to provide support for a range of activities, including:
- Rehabilitation of infrastructure and ecosystems that have been damaged by climate change
- Support for the development of adaptation measures
- Financial assistance to vulnerable communities
In fact, the UAE’s contribution to the Loss and Damage Fund is a welcome development.
It is a sign of the UAE commitment to helping to address the impacts of climate change and to supporting the most vulnerable countries.
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