India's Energy Transition Vision Earns Praise From Upcoming COP28 President
Dr Sultan Al Jaber, the CO president-designate, praised India for its progressive approach to the energy transition. He recognised the urgent need for a "new paradigm" in climate finance so that nations in the global south could more easily adopt low-carbon growth.
Speaking at the 'From G20 to CO' special session in Abu Dhabi, Dr. Al Jaber emphasised that the UAE and India have a common goal of coordinating the energy transition with sustainable socio-economic growth.
Under the United Nations Framework Convention on Climate Change (UNFCCC), the Conference of Parties (COP), an annual climate change negotiation, will take place in Dubai starting on November 30.
Dr. Al Jaber described renewable energy as a huge opportunity and underlined its great potential for the economic growth of both nations.
He continued by saying that the UAE is a leader in renewable energy, having some of the largest solar projects globally and being one of the greatest investors in the industry worldwide.
He praised Prime Minister Narendra Modi's leadership in particular for bringing about a global accord and emphasised the Indian government's robust collaboration and multilateralism policies, which the COP president seeks to imitate.
Speaking about how CO would "frame climate action as an opportunity for growth," he added that the organisation would strive for fair and ambitious results from the first Global Stocktake, covering mitigation, adaptation, and implementation strategies.
Al Jaber complimented Prime Minister Modi on his dedication to multilateralism and reminded the delegates that, with his leadership, 85 per cent of the world's economy has agreed to CO's global goal of tripling renewable energy capacity and doubling energy efficiency by 2030.
