The China Mail - COP28 chair urges tripling of renewables capacity by 2030

USD -
AED 3.673055
AFN 71.025985
ALL 86.762083
AMD 388.868144
ANG 1.80229
AOA 917.499262
ARS 1178.010402
AUD 1.56091
AWG 1.8025
AZN 1.712043
BAM 1.71838
BBD 2.002943
BDT 121.466383
BGN 1.717302
BHD 0.376881
BIF 2973.281671
BMD 1
BND 1.309998
BOB 6.907549
BRL 5.656697
BSD 0.999671
BTN 85.150724
BWP 13.648225
BYN 3.271568
BYR 19600
BZD 2.008127
CAD 1.38458
CDF 2878.999894
CHF 0.825799
CLF 0.024563
CLP 942.679574
CNY 7.29497
CNH 7.27421
COP 4214.92
CRC 505.37044
CUC 1
CUP 26.5
CVE 96.878775
CZK 21.91245
DJF 178.021833
DKK 6.562602
DOP 58.910097
DZD 132.514004
EGP 50.821397
ERN 15
ETB 133.816329
EUR 0.879305
FJD 2.256901
FKP 0.746656
GBP 0.74725
GEL 2.740408
GGP 0.746656
GHS 14.295693
GIP 0.746656
GMD 70.99956
GNF 8658.598194
GTQ 7.699235
GYD 209.77442
HKD 7.75844
HNL 25.942636
HRK 6.622505
HTG 130.805895
HUF 355.189992
IDR 16758.4
ILS 3.62369
IMP 0.746656
INR 85.13525
IQD 1309.65194
IRR 42112.502706
ISK 128.459921
JEP 0.746656
JMD 158.360167
JOD 0.709194
JPY 142.708978
KES 129.249741
KGS 87.450231
KHR 4002.03836
KMF 432.498286
KPW 900.101764
KRW 1435.664999
KWD 0.30635
KYD 0.833088
KZT 511.373521
LAK 21623.212599
LBP 89572.429547
LKR 299.461858
LRD 199.942891
LSL 18.550298
LTL 2.95274
LVL 0.60489
LYD 5.469282
MAD 9.273348
MDL 17.204811
MGA 4511.608496
MKD 54.050136
MMK 2099.785163
MNT 3572.381038
MOP 7.988121
MRU 39.577741
MUR 45.145196
MVR 15.409902
MWK 1733.476838
MXN 19.603198
MYR 4.327498
MZN 64.00024
NAD 18.550298
NGN 1603.880054
NIO 36.786962
NOK 10.378669
NPR 136.24151
NZD 1.67981
OMR 0.384995
PAB 0.999671
PEN 3.665166
PGK 4.141754
PHP 56.096005
PKR 280.838623
PLN 3.755049
PYG 8005.869096
QAR 3.644463
RON 4.37683
RSD 102.971863
RUB 81.749252
RWF 1429.042107
SAR 3.751033
SBD 8.354312
SCR 14.388635
SDG 600.499605
SEK 9.639406
SGD 1.30959
SHP 0.785843
SLE 22.701772
SLL 20969.483762
SOS 571.355773
SRD 36.850114
STD 20697.981008
SVC 8.747337
SYP 13001.961096
SZL 18.543884
THB 33.438965
TJS 10.556725
TMT 3.5
TND 2.990428
TOP 2.342098
TRY 38.43845
TTD 6.782788
TWD 32.2745
TZS 2687.500947
UAH 41.532203
UGX 3663.759967
UYU 42.093703
UZS 12944.520346
VES 86.54691
VND 26005
VUV 121.306988
WST 2.770092
XAF 576.326032
XAG 0.030056
XAU 0.000302
XCD 2.70255
XDR 0.715661
XOF 576.328564
XPF 104.781778
YER 245.102189
ZAR 18.544301
ZMK 9001.164141
ZMW 27.966701
ZWL 321.999592
  • RBGPF

    60.8800

    60.88

    +100%

  • CMSC

    -0.0100

    22.32

    -0.04%

  • SCS

    -0.0300

    9.86

    -0.3%

  • RIO

    0.3100

    60.87

    +0.51%

  • BP

    -0.0600

    29.13

    -0.21%

  • AZN

    0.3600

    69.93

    +0.51%

  • BTI

    0.3400

    42.39

    +0.8%

  • GSK

    0.6300

    38.06

    +1.66%

  • RELX

    -0.1900

    53.36

    -0.36%

  • NGG

    0.8100

    72.85

    +1.11%

  • RYCEF

    -0.0600

    10.12

    -0.59%

  • CMSD

    0.0200

    22.48

    +0.09%

  • JRI

    0.0600

    12.8

    +0.47%

  • BCE

    0.1600

    21.81

    +0.73%

  • VOD

    0.2200

    9.57

    +2.3%

  • BCC

    -0.1800

    95.33

    -0.19%

COP28 chair urges tripling of renewables capacity by 2030
COP28 chair urges tripling of renewables capacity by 2030 / Photo: © AFP

COP28 chair urges tripling of renewables capacity by 2030

The president of upcoming UN climate talks Sultan Al Jaber on Tuesday called on participants to drastically ramp up their use of renewable energy ahead of the key summit in the United Arab Emirates later this year.

Text size:

The meeting in November needs "ambitious, transparent and accountable commitments from countries and businesses", Al Jaber said in a speech at the opening of the Petersberg Climate Dialogue, a meeting of climate diplomats in Berlin.

"We will accelerate delivery in sectors like renewables that must triple capacity by 2030 and double it again by 2040," he added.

The summit chief's call echoes a key target laid out by the International Energy Agency.

Al Jaber had already raised the potential target at a closed-door meeting with G7 leaders in Japan last month.

While setting out a goal for faster renewables expansion, Al Jaber, who is also the chief executive of the UAE's state oil company, did not call for a complete end to the use of fossil fuels.

Rather, the future COP28 chair said the focus must be on removing the emissions such fuels produce.

"We must be laser focused on phasing out fossil fuel emissions, while phasing up viable, affordable zero-carbon alternatives," said Al Jaber.

Climate activists have criticised the decision to hold COP28 in the oil-rich UAE and the choice as COP president of Al Jaber, who also serves as the Gulf state's minister of industry and advanced technology.

- Climate fund -

Al Jaber also used his speech to call on developed countries to deliver a long promised $100-billion climate package for developing countries.

"This is holding up progress. And as part of my outreach, I am requesting donor countries to provide a definitive assessment on the delivery of this commitment before COP28," Al Jaber said.

In 2009, the chaotic UN climate summit in Copenhagen saw rich nations promise $100 billion a year by 2020 to the Global South, but last year the OECD said the amount delivered was still $17 billion short.

At the same time, the funding needed for developing countries to stop burning planet-heating fossil fuels and prepare for future climate disasters has already far outstripped that sum.

Campaigners are pushing for a redesign of the global financial architecture to help countries cope, as many emerging nations grapple with rising costs, soaring debts and extreme weather events.

German Foreign Minister Annalena Baerbock, who is hosting the Petersberg dialogue, however, reported that the pledged sum may finally be close.

"The good news is we are on the way to finally reaching this $100-billion sum this year," she said.

- Protest group -

Earlier this year, the UN’s climate expert panel said the world risks crossing the key 1.5-degree Celsius global warming limit in about a decade, urging a drastic reduction in planet-heating emissions.

While solar and wind power are already increasing dramatically, the UN report said that existing fossil fuel infrastructure will be enough to push the world beyond 1.5C, without the effective use of costly and emerging technology to capture and store the carbon pollution.

The meeting in Berlin came as the German capital was roiled by days of climate protests, with the action continuing Tuesday.

Campaigners from the Last Generation group have caused widespread disruption in the city by sticking themselves to the road surface to stop traffic and agitate for more climate protection.

Among other measures, Last Generation has called for the government to provide a "detailed plan" to meet the goal of a 1.5C-limit and introduce a general speed limit.

Representatives from the group met Germany's Transport Minister Volker Wissing on Tuesday.

Wissing said on radio Deutschlandfunk that he was surprised the activists "make so few sensible suggestions for climate protection and at the same time act so radically".

burs-sea/hmn/kjm

L.Kwan--ThChM