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Today, Mauro Gianetti, the CEO and Team Principal of UAE Team Emirates, took the stage at COP28 to announce the team’s ambitious target of achieving net-zero status by 2030.
The UAE has unveiled its Industrial Decarbonisation Roadmap during COP28, with a goal to collectively reduce industrial carbon emissions by 2.9 gigatonnes by 2050. The roadmap primarily targets challenging sectors such as cement, iron, steel, and aluminium, and was developed by the Ministry of Industry and Advanced Technology in collaboration with government and private sector partners.
At COP28, Tanzanian President, H.E. Samia Suluhu Hassan, introduces the African Women Clean Cooking Support Programme (AWCCSP), a groundbreaking initiative spanning 2023 to 2026. The program targets critical challenges faced by women in Africa due to traditional cooking methods, addressing gender disparities, environmental concerns, health issues, and economic limitations. AWCCSP aims to distribute clean cooking technologies, empower women entrepreneurs, foster regional cooperation, and advocate for policy changes, contributing significantly to gender equality and a sustainable energy transition in Africa.
Saudi Arabia is set to significantly boost the utilization of renewable energy, reduce carbon emissions, and undertake extensive tree planting in the upcoming years. Abdulrahman Abdulmohsen Alfadley, the Minister of Environment, Water, and Agriculture, participated in the third edition of the Saudi Green Initiative Forum, which coincided with COP28 in Dubai.
During a press briefing on Monday, December 4, Dr Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology and President of COP28, along with Jim Skea, the Chair of IPCC, provided statements summarising the achievements of the initial four days of COP28.
In a historic announcement during COP28, global leaders have pledged to triple the world’s nuclear capacity by 2050 as a key component of the transition to net-zero.
World leaders gather at COP28 in Dubai, where President Sheikh Mohamed announces the inception of the $30B Alterra Fund for climate financing. The summit addresses challenges in the clean energy transition and emphasizes global calls for climate action. Leaders discuss loss and damage, climate equity, and green initiatives. UK Prime Minister Rishi Sunak advocates for an “era of action,” and UN Secretary-General Antonio Guterres urges support for the loss and damage fund. Former Pakistani foreign minister Bilawal Bhutto Zardari welcomes progress but highlights challenges for climate-vulnerable nations.
First Abu Dhabi Bank (FAB) has made history as the inaugural MENA bank to release a climate report aligned with the Task Force for Climate-Related Financial Disclosures (TCFD).
Agthia Group PJSC, a prominent food and beverage company in the region, has taken a significant stride in reducing its carbon footprint. The group’s solar energy initiative involves setting up solar power plants at the production facilities of Al Ain Water and Al Foah, two key subsidiaries. This environmentally conscious collaboration with Yellow Door Energy, a renowned UAE-based solar developer, is formalized through the execution of a Letter of Award and the subsequent signing of a solar lease agreement, demonstrating Agthia’s commitment to sustainability.
Emirates Development Bank (EDB) has pledged up to AED 1.3B ($350M) to support the Energy Transition Accelerator Financing (ETAF) platform, a global climate finance initiative initiated by the International Renewable Energy Agency (IRENA). The goal of this platform is to expedite the funding of renewable energy projects, particularly in developing nations.