At the start of the COP27 climate summit in Egypt, UAE President Sheikh Mohamed bin Zayed Al Nahyan said on Monday that his country “is a responsible energy supplier and will continue to play this role as long as the world needs oil and gas,” according to the Emirates News Agency.
He stressed that the UAE is “committed to ensuring energy security while reducing emissions,” noting that “the oil and gas in the country are among the least carbon-intensive in the world, and work is continuing to reduce emissions in this vital sector.”
He said, “We have been working decades ago to diversify our economy… and build capacities in renewable and clean energy to stimulate sustainable economic and social growth.”
“The UAE was the first country in the region to announce a strategic initiative to achieve climate neutrality by 2050,” he added.
He also touched on the recently launched partnership between the UAE and the United States of America with the aim of enhancing energy security and climate support by investing $100 billion to build projects to produce 100 gigawatts of clean energy around the world.
He stressed the many benefits and gains achieved by investment initiatives in clean technology, climate action, and the increasing economic and development opportunities they provide, which ultimately benefit future generations by securing a sustainable future for our planet. He said: “These initiatives create new sectors, new skills and new jobs. And it helps keep hope of averting global warming.”
The 27th United Nations Climate Change Conference (COP27) in Egypt is the latest in decades of UN talks to try to curb climate change caused by the use of fossil fuels.
The UAE will host the COP28 summit next year in the city of Expo in Dubai, and will conduct an evaluation process for the implementation of the 2015 Paris climate agreement, which aimed to reduce global warming within the limits of an increase of only 1.5 degrees Celsius above pre-industrial levels.
Bin Zayed said: “As we prepare to host the twenty-eighth session of the Conference of Parties in the “Expo City” in Dubai during 2023, we will focus on supporting the implementation of the outcomes of previous conferences, as well as on the completion of the first global assessment of progress in the “Paris Climate Agreement”, and we will ensure the participation and inclusion of all Including appropriate representation of women, engaging young people from all over the world, mobilizing their energies and stimulating their great passion for sustainable solutions.”
The President of the UAE called on the world to cooperate in finding practical solutions that contribute to addressing losses and damages and creating opportunities for sustainable economic growth for people everywhere.
Bin Zayed supported the call of Egyptian President Abdel Fattah El-Sisi to work to end the Ukrainian crisis to achieve peace, security and stability in the world.