President Sheikh Mohamed vows $50 billion to tackle climate change globally

President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan has vowed $50 billion to tackle climate change around the world after participating in a meeting held by US President Joe Biden.

President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan has vowed $50 billion to tackle climate change around the world after participating in a meeting held by US President Joe Biden.

Sheikh Mohamed stated the UAE had invested over $50bn in renewable energy projects around 40 nations, and it intends to double that during the next decade.

Advertisement

He took part in heads of state from 17 economies accounting for 80% of worldwide GDP, population and greenhouse gas emissions during an online meeting on Friday, 17 June.

NDC (Nationally Determined Contribution) is an action plan to cut down emissions and adjust to climate change effects.

Sheikh Mohamed stated, “We look ahead to conducting the world at Cop 28 and accelerating progress on environment action via an inclusive, practical and integrated approach.”

The Minister of Climate Change and Environment, Mariam Al Mheiri, stated the $50bn investment underlined the nation’s commitment towards addressing environmental problems globally.

The 28th UN global climate talks will be hosted by the Emirates in 2023.

While addressing the leaders, Sheikh Mohamed said that climate change should be addressed by cooperation.

Advertisement

He stated the UAE has long held the plan that climate action is a chance to get new pathways for social and economic development, with an emphasis on practical solutions that can help all nations.

The UAE is taking measures to address climate change and pace up the worldwide energy transition.

The Emirate was the first nation in the region to sign and approve the Paris Agreement and the first to commit to an economy-wide decline in emissions and reveal a net zero by 2050 initiative.

The UAE has also funded in renewable and clean energy, both internationally and domestically.

It is also the first to utilise powerful nuclear energy and has three of the largest and lowest-cost solar plants globally.

Tariq Saeed

Read More

India advances to 38 spot on World Bank’s Logistic Performance Index

India has moved up six spots to number 38 out of 139 countries on the World Bank's Logistic Performance Index (LPI) 2023.

Jumeirah Beach Residence E-Scooter Ban Sparks Calls for Wider Restrictions Across Dubai

The move, aimed at curbing accidents and enhancing pedestrian safety, has drawn attention from residents in neighboring areas who are calling for similar restrictions due to increasing safety concerns

Six Injured in Four-Vehicle Collision on Emirates Road in Sharjah, Police Cite Speeding and Distractions

Preliminary investigations by the Sharjah Police have attributed the collision to speeding and distracted driving. The pile-up unfolded as one vehicle, reportedly traveling over the speed limit, failed to recognize a dense traffic build-up ahead

Recent

DUBAI: Asian ex-pat sentenced to 2 yrs imprisonment on count of stabbing and robbing

The Dubai Criminal Court has announced a sentence of two years for a 35-year-old Asian national who robbed and assaulted another Asian. The accused will be deported after he serves his sentence period.

Dubai Police gets hold of Drug Lord in ‘Sugar Cane’ operation

Dubai Police busted an international drug lord concerned with drug smuggling and trafficking, basically Cocaine, across South America and Europe. The international operation to capture the drug kingpin was held in cooperation between Dubai Police as well as police agencies in Spain, France and Colombia.

Flydubai and Etihad Cancel Flights to Beirut Amid Regional Tensions

This decision comes as the situation in Lebanon and its surrounding areas remains volatile. Passengers with existing bookings will be contacted regarding their rebooking or refund options, according to a spokesperson from flydubai
admin