gulfindependentnews

  The COP28 Summit in Expo City Dubai, UAE, will take place from November 30 to December 12. The event has seen a historic agreement to operationalize the  Loss and Damage Fund . COP28 President Sultan Al Jaber, who is also the Minister of Industry and Advanced Technology, head of the Abu Dhabi National Oil Company, and chairman of Masdar, unveiled the Global Decarbonisation Accelerator (GDA), a comprehensive plan designed to accelerate the energy transition and reduce global emissions. The GDA focuses on three key pillars: rapidly scaling the energy system of tomorrow, decarbonising the energy system of today, and targeting methane and other non-CO2 greenhouse gases. 116 countries have signed the Global Renewables and Energy Efficiency Pledge, committing to triple renewable energy generation capacity and double the global average annual rate of energy efficiency improvements by 2030. 50 companies have signed the Oil and Gas Decarbonisation Charter, aligning with the 2015 Pari...

  The COP28 Summit in the UAE has reached a historic deal on paying for climate disasters, marking a significant step forward for countries disproportionately affected by climate-related disasters. The agreement was reached after long negotiations, but some issues remain outstanding, and focus now shifts to other topics. Rachel Cleetus, a lobbyist for the Union of Concerned Scientists, said the deal marked a “great way” to start  COP28 . COP28 President Sultan Al Jaber, also the Emirates’ Minister of Industry and Advanced Technology, described the loss and damage deal as a “historic decision” and US negotiator John Kerry called it a “great way to start this COP”. Activists expect rich countries to start pledging money to the fund. The UAE immediately offered $100 million, while the UK put in $75 million. Despite welcoming the “rapid adoption” of the text, the Alliance of Small Island States said the work is far from over. The stakes are now high for the rest of the Summit as c...