Watch: UAE President Stresses Importance of Sustainable Development and Climate Action

During a virtual meeting of the Major Economies Forum on Energy and Climate Change, hosted by US President Joe Biden, UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan emphasized the critical link between sustainable economic development and climate action.

During a virtual meeting hosted by the US President Joe Biden, President His Highness Sheikh Mohamed bin Zayed Al Nahyan emphasized the importance of sustainable economic development and its link to climate action. Sheikh Mohamed stressed that the UAE has made climate action the center of its strategy and has invested over $150 billion in climate action, with ambitious plans for further investments in the future.

The UAE was the first Gulf country to ratify the Paris Agreement, and the first in the region to commit to reducing emissions in all economic sectors by 2030. As host of COP28, the twenty-eighth Conference of the Parties to the United Nations Framework Convention on Climate, the UAE is committed to achieving transformative climate action.

President Sheikh Mohamed called for international cooperation and financing to support the energy transition and address the impacts of climate change, particularly in the Global South and vulnerable communities. He emphasized the need to increase renewable energy production capacity and double hydrogen production, stating that energy and climate change are closely intertwined. It is crucial that the world accelerates its logical, realistic, and balanced transition in the energy sector.

Sheikh Mohamed extended an invitation to the world to join the UAE’s efforts and initiatives aimed at achieving significant advancements in climate action, expressing his confidence in the world’s positive response. He also called for developed countries to fulfill their pledge to provide $100 billion to developing countries and reform international financial institutions to secure the necessary financing for climate action.

Sheikh Mohamed's statement is a reminder that sustainable economic development and climate action are essential to ensure a better quality of life for all. The UAE's commitment to reducing emissions in all economic sectors by 2030 and achieving climate neutrality by 2050 is admirable. Their efforts to increase renewable energy production capacity and double hydrogen production should be applauded, as it is essential for a logical, realistic, and balanced transition in the energy sector.

International cooperation and financing are necessary to support the energy transition and address the impacts of climate change, particularly in the Global South and vulnerable communities. Developed countries should fulfill their pledge to provide $100 billion to developing countries and reform international financial institutions to secure the necessary financing for climate action.

In conclusion, Sheikh Mohamed's statement highlights the UAE's efforts towards climate action and sustainable economic development. It serves as a reminder that international cooperation and financing are essential in addressing the impacts of climate change, particularly in vulnerable communities. The world should join the UAE's efforts and initiatives towards achieving significant advancements in climate action.

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