17.08.2023,
6591 Zeichen
Addis Ababa, Ethiopia (ots/PRNewswire) - COP28 President-Designate
Dr. Sultan Al Jaber has addressed the nineteenth session of the
African Ministerial Conference on the Environment (AMCEN), sharing
his vision and priorities for COP28, especially the need for
adaptation financing and acceleration of the energy transition.
* COP28 President-Designate Dr Sultan Al Jaber has addressed the
African Ministerial Conference on the Environment (AMCEN) in
Ethiopia, in which he recognised the African continent's
performance and potential as a leading force in the energy
transition and the need for increased finance.
* He repeated the COP28 Presidency's call to the international
community to unite on international climate finance, referring to
progress at a recent meeting of major global economists in Abu
Dhabi and announcing a key ministerial event with climate
vulnerable countries during pre-COP.
* In addition to his remarks Dr. Sultan Al Jaber held bilateral
meetings with African leaders to discuss the COP28 climate
finance
and energy transition agenda, calling on all to share their
priority outcomes and key contributions for COP28.
A key partner to COP28, AMCEN unites environment ministers from
across the continent and provides political guidance and coordinates
policy positions among its member states, which include all 54
African countries. Ethiopia will chair AMCEN in 2024.
In his speech, Dr. Al Jaber highlighted the need for urgent action to
put the world back on track to achieve the goals of the Paris
Agreement and keep the ambition of 1.5 within reach.
"With just over 100 days before the world gathers in Dubai for COP28,
both the science and common sense are telling us that our collective
response to climate change is nowhere near good enough."
The COP President Designate not only recognized Africa's position at
the frontline of climate impacts but also its performance and
potential as a leading force in the energy transition.
He said, "When it comes to transitioning to an energy system free of
unabated fossil fuels, Africa has many lessons for the rest of us.
Here in Ethiopia, almost 100 per cent of the country's energy comes
from renewable hydro power. […] across this great continent, a young
and growing population is seizing the potential of other clean energy
sources from wind to solar and choosing low carbon economic growth."
However, he also acknowledged that a chronic lack of available,
accessible and affordable climate finance is holding back Africa's
potential, noting that barely one tenth of global climate finance
finds its way to the continent.
As such, Dr. Al Jaber highlighted the urgent need to reform
international climate finance. He said, "First, the international
community must come through with the 100-billion-dollar pledge they
made over a decade ago. I will continue to press donor countries to
ensure delivery no later than this year […] Next, the entire global
financial architecture from IFIs to MDBs needs modernizing. They were
built for the second half of the last century. They urgently need to
be upgraded to meet the needs of this one."
He was also clear on his call to action on Loss and Damage: "We must
operationalize the fund and funding arrangements for Loss and Damage,
and early pledges are vital to ensure we live up to the commitments
made at Sharm El Sheikh."
In making these remarks, Dr. Al Jaber referred to a meeting of the
Independent High-Level Expert Group (IHLEG) that united world leading
economists in Abu Dhabi for two days of talks on the 15 and 16
August.
The meeting, which was attended by leading figures including IHLEG
co-chairs Lord Nicholas Stern and Dr. Vera Songwe as well as
representatives from the World Bank, IMF, ECF and IFC, the COP28 and
COP27 Presidencies, set out crucial next steps to reform
international climate finance. A detailed report, including a clear
roadmap on how to implement recommendations, will be presented to
world leaders at COP28.
Looking to the future and another significant moment to drive forward
'fixing climate finance', Dr. Al Jaber also announced that the COP28
UAE Presidency will co-host the third Climate and Development
Ministerial alongside the UK, Malawi and Vanuatu governments in the
UAE on 29 October during the formal 'pre-COP' period.
The meeting – which will focus on advancing access to, and delivery
of, adaptation finance – will be led by climate and development
ministers from LDC and AOSIS states and will also be attended by
ministers and leaders from ally countries, International Financial
Organizations (IFIs), multilateral development banks (MDBs), Climate
Funds and leading multinational organizations.
During his visit to Ethiopia, Dr. Al Jaber also held bilateral
meetings with African leaders to discuss the COP28 climate finance
and energy transition agenda, including with Alioune Ndoye, Minister
of Environment, Development and Ecological Transition of Senegal;
Barbra Creecy, Minister of Forestry, Fisheries and Environmental
Affairs of South Africa and Collins Nzovu, Minister of Green Economy
and Environment of Zambia.
He also particularly praised Ethiopia's afforestation and
reforestation-focused Green Legacy Initiative, which has created over
767,000 green jobs under Prime Minister Abiy Ahmed Ali's leadership.
Dr. Al Jaber's visit to the African region and speech at the AMCEN
summit is an important moment in mobilizing African leaders ahead of
COP28 and preparing the ground for strong outcomes on international
climate finance, including loss and damage.
Notes to Editors COP28 UAE:
* COP28 UAE will take place at Expo City Dubai from November
30-December 12, 2023. The Conference is expected to convene over
70,000 participants, including heads of state, government
officials, international industry leaders, private sector
representatives, academics, experts, youth, and non-state actors.
* As mandated by the Paris Climate Agreement, COP28 UAE will
deliver
the first ever Global Stocktake – a comprehensive evaluation of
progress against climate goals.
* The UAE will lead a process for all parties to agree upon a clear
roadmap to accelerate progress through a pragmatic global energy
transition and a "leave no one behind" approach to inclusive
climate action.
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