Abu Davi, June 17, 2022 (WAM)-President Sheikh Mohammed bin Zayed al-Nahyan, in the context of the current geopolitical situation and its subsequent impact on the world economy, peace, stability, He urged the international community to unite under the principle of cooperation. He paves the way for long-term sustainable economic and social development at the Summit of the Major Economic Forums (MEFs) on energy and food safety and resource shortages, energy and climate.
At a MEF leader-level conference hosted by U.S. President Joe Biden, Prime Minister Sheikh Mohammed bin Zayed will represent the United Arab Emirates as the organizer of global GDP, population and greenhouse gas emissions. Joined the heads of state of 17 major economies, accounting for 80%. The country of the 28th United Nations Climate Change Conference (COP28).
In a speech to world leaders, High Commissioner Sheikh Mohammed bin Zayed acknowledged that climate change is a very important issue and needs to be addressed jointly. Earth and world economy.
His Highness Sheikh Mohammed bin Zayed said the UAE has the opportunity to achieve new avenues for economic and social development, focusing on practical solutions where climate change measures benefit all countries. He emphasized that he has long held the view that it is. His Highness, as an active partner in the global community, confronts the challenge by adopting an integrated and comprehensive approach that ensures that the concerns and needs of all stakeholders are heard. He emphasized his determination to provide COP28 in the year.
The United Arab Emirates has doubled its efforts to address climate change and accelerate global energy transitions, noting UAE’s investment of more than $ 50 billion in renewable energy projects across 40 countries, and more. His Highness added that he plans to invest $ 50 billion. Next 10 years.
His Highness also confirmed that the UAE has promised to achieve a safe emission trajectory and will submit its updated Nationally Determined Contribution (NDC) within the agreed time frame.
During the MEF meeting, US President Joe Biden urged leaders to maintain climate change as a top priority on the global agenda, given geopolitical instability and its energy and food security implications. .. He also cooperates and mitigates these imminent impacts by accelerating clean energy transitions and supporting initiatives to reduce the vulnerability of food systems to climate and supply chain disruptions, including the new Global Methane Pledge energy pathway. I invited the leader to do it. Collective 2030 zero-emission vehicle deployment target. Demonstration challenge of clean energy technology. Green shipping challenge and global fertilizer challenge.
As the first country in the region to sign and ratify the Paris Agreement, the UAE, the first strategic initiative in the region to reduce emissions across the economy and announce Net Zero by 2050, is progressive. Shows achievements. It was selected as the host country for COP28 in 2023 due to climate change measures, climate diplomacy and multilateral cooperation.
The Arab Emirates has also emerged as a regional leader in domestic and international renewable and clean energy investments, introducing peaceful nuclear energy for the first time in the region, the world’s largest and lowest cost 3 It has two solar energy power plants.