COP28 opens in Dubai with calls for accelerated climate action

Update COP28 opens in Dubai with calls for accelerated climate action
Up to 200 global leaders will join over 80,000 delegates gathered in Dubai for the UN climate conference. (Abdulrahman Fahad Bin shulhub/AN)
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Updated 30 January 2024
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COP28 opens in Dubai with calls for accelerated climate action

COP28 opens in Dubai with calls for accelerated climate action
  • Up to 200 global leaders will join over 80,000 delegates gathered in Dubai for the UN climate conference

DUBAI: Up to 200 global leaders will join over 80,000 delegates gathered in Dubai for the UN climate conference as governments prepare for negotiations on whether to agree, for the first time, to phase out fossil fuels – the main source of global warming.

With finance also high on the meeting agenda, the COP28 presidency has published a proposal on the eve of the summit for countries to formally adopt the outlines of a new UN fund to cover losses and damages in poor countries being hit by climate disasters like extreme flooding or persistent drought.

READ MORE: Click here for our coverage of COP28

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COP28 formally approves climate disaster fund arrangements

DUBAI: Countries at the UN COP28 climate summit on Thursday formally approved a deal on a new climate disaster fund.

The deal was adopted following the COP28 opening ceremony, drawing a standing ovation from delegates.

Representatives from developed and developing countries painstakingly crafted the agreement during negotiations this year. It will launch a fund to help vulnerable nations cope with the cost of climate-driven damage from drought, floods and rising seas.

UN weather agency says 2023 is the hottest year on record, warns of further climate extremes ahead

DUBAI: The UN weather agency said Thursday that 2023 is all but certain to be the hottest year on record, and warning of worrying trends that suggest increasing floods, wildfires, glacier melt, and heat waves in the future.

The World Meteorological Organization also warned that the average temperature for the year is up some 1.4°C from pre-industrial times – a mere one-tenth of a degree under a target limit for the end of the century as laid out by the Paris climate accord in 2015.

The WMO secretary-general said the onset earlier this year of El Niño, the weather phenomenon marked by heating in the Pacific Ocean, could tip the average temperature next year over the 1.5°C target cap set in Paris.

WATCH: Opening ceremony of COP28: UN Climate Change conference

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Jim Skea, chairman of the Intergovernmental Panel on Climate Change. (AFP)

“Human activity has led to changes in climate at a magnitude that is unprecedented over centuries and thousands of years,” according to Jim Skea, chairman of the Intergovernmental Panel on Climate Change.

“If we do not find immediate and deep emission reductions across all sectors, we will not meet the goals of the Paris agreement,” he said.

“Our assessments have identified multiple options to reduce greenhouse gas emissions and adapt to climate change, and these can be implemented right now. But they need to be scaled up and mainstreamed through policies and increased financing.”

“As the chair of the IPCC, the scientific community is poised for using the resources available to support the outcomes of COP28, in shaping climate actions based on science. But finally, let us recall, science by itself is no substitute for action,” Skea said.

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Simon Stiell, executive secretary of UNFCCC

“Today, we find ourselves in a rather different position, in humanity’s climate action journey. We are taking baby steps. Stepping far too slowly from an unstable world that lacks resilience, to working out the best responses to the complex impacts we are facing,” Simon Stiell, executive secretary of UNFCCC, said in his remarks at the opening of COP28.

“We must teach climate action to run. Because this has been the hottest year ever for humanity. So many terrifying records were broken. We are paying with people’s lives and livelihoods,” he said.

“If we do not signal the terminal decline of the fossil fuel era as we know it, we welcome our own terminal decline. And we choose to pay with people’s lives. If this transition isn’t just, we won’t transition at all. That means justice within and between countries. Sharing benefits across society. Ensuring that everyone – women, indigenous peoples and youth, in all their diversity - have equal opportunities to benefit from these transitions.”

“In 2024, countries will submit their first Biennial Transparency Report. This will mean the reality of individual progress can’t be concealed… And let this be your first official notice that early in 2025, countries must deliver new Nationally Determined Contributions. Please start working on them now,” Stiell said.

“Science tells us we have around six years before we exhaust the planet’s ability to cope with our emissions. Before we blow through the 1.5°C limit,” the executive secretary of UNFCCC said.

“This is the biggest COP yet – but attending a COP does not tick the climate box for the year. The badges around your necks make you responsible for delivering climate action here and at home... turn the badge around your necks into a badge of honor, and a life belt for the millions of people you are working for. Accelerate climate action. Teach it to run,” added.

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COP28 President designate Sultan Al-Jaber. (Abdulrahman Fahad Bin shulhub/AN)

In his opening speech, COP28 President designate Sultan Al-Jaber urged delegates as well as oil companies to work together at the UN climate summit. He said, “we must ensure that this COP delivers the most ambitious global stocktake possible.”

He stressed that the COP28 is committed to unlocking finance to ensure that the global south does not have to choose between development and climate action.

While Al-Jaber hailed the initiative of national oil companies to step up, he said “it is not enough.” “They can do more. Every nation, every sector and every one of us has an urgent role to play.”

 

 

“We can bring mitigation, adaptation and means of implementation which includes finance under one umbrella,” according to Al-Jaber, who also runs state-run Abu Dhabi National Oil Company.

“I ask you to start this COP with a new mindset, adopt different thinking, be flexible. Ensure the most ambitious global stocktake. I want this COP to be the COP that maximizes mitigation on momentum,” Al-Jaber said.

He stressed that the ‘role of fossil fuels’ must be part of climate deal. “It is essential that no issue is left off the table,” according to the UAE official. He added that “let this be the COP where we deliver our promises from the $100 billion on loss and damage.”




COP28 president Sultan Ahmed Al-Jaber receives a gavel from Egyptian foreign minister and COP27 President Sameh Shoukry during the United Nations Climate Change Conference opening in Dubai on Nov. 30, 2023. (Reuters)

“This is the presidency that made a bold choice to proactively engage oil and gas companies. We had many hard discussions. That was not easy. But today, many of these companies are committing zero methane emissions by 2030 for the first time. And now, many national oil companies have adopted net zero 2050 targets for the first time,” Al-Jaber said in his speech.

“The next two weeks will not be easy. Let us remember, our task is not about only negotiating texts. It is about improving lives, it is about people,” he added.

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Sameh Shoukry, the COP27 president

“Rather than increasing climate finance from developed countries, actually, it is decreasing in relation to growing needs and the increasing growth of financing in developing countries,” said Shoukry, the COP27 president.

The UN’s COP28 climate summit in Dubai opened Thursday with a moment of silence for the victims of the conflict in Gaza.

Sameh Shoukry, the Egyptian foreign minister who chaired the previous COP talks in Egypt last year, urged delegates to “stand for a moment of silence” in memory of two climate diplomats who recently died “as well as all civilians who have perished during the current conflict in Gaza”.

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An early breakthrough on the damage fund — which poorer nations have demanded for years — could help grease the wheels for other compromises to be made during the two-week summit.

The UN and hosts the UAE say the COP28 talks will be the most important since Paris in 2015, when nations agreed to limit global warming to well below 2°Celsius since the preindustrial era, and preferably to a safer limit of 1.5°C.

Scientists say the world is not on track to achieve these targets and nations must make faster and deeper cuts to emissions to avert the most disastrous impacts of climate change.

 

 

A central focus will be a stocktake of the world’s limited progress on curbing global warming, which requires an official response at these talks.

“Right now, we’re taking baby steps where we should be taking great leaps and great strides to get us to where we need to be,” said UN climate chief Simon Stiell on Wednesday.

The COP28 climate conference should aim for a complete “phaseout” of fossil fuels, UN Secretary-General Antonio Guterres earlier said, warning of “total disaster” on humanity’s current trajectory.

“Obviously I am strongly in favor of language that includes (a) phaseout, even with a reasonable time framework,” Guterres said.

Climate change is the biggest threat to human health in Africa and the rest of the world, the head of the continent's public health agency said.

Mitigating that risk was top of his agenda, Jean Kaseya, the director general of the Africa Centres for Disease Control and Prevention, said as he headed to the COP28 climate summit in Dubai.

with agencies


Developing nations push for action on COP29 financing shortfalls

Developing nations push for action on COP29 financing shortfalls
Updated 19 November 2024
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Developing nations push for action on COP29 financing shortfalls

Developing nations push for action on COP29 financing shortfalls

RIYADH: Developed nations are facing growing pressure at COP29 to honor their climate finance commitments, as developing countries push for action to address the severe shortfalls in adaptation funding and the escalating environmental challenges they face.

The ongoing dispute centers around how much support developed nations will provide to poorer countries in their efforts to combat the impacts of climate change.

Representatives from vulnerable nations have emphasized the urgent need for concrete financial commitments, highlighting the widening gaps in adaptation funding.

Financing gaps undermine efforts

Kenya called for an end to the adaptation finance gap, urging increased financial flows to meet the continent’s needs. “Developing countries are not receiving the resources they need,” said Kenya’s representative. “Africa’s adaptation needs are the highest globally, estimated at $845 billion between 2020 and 2035, yet we receive less than a quarter of that annually.”

Bangladesh echoed these concerns, revealing a stark $5.5 billion annual shortfall in funding for resilience projects. “This gap must be filled through grant-based and external finance,” said Bangladesh’s representative.

Several developed nations have outlined their efforts to scale up adaptation financing. Germany highlighted that 30 percent of the EU’s current seven-year budget is allocated to climate-related initiatives, including $30 billion for nationally determined contributions and climate goals, and $12 billion for public climate adaptation finance.

France pledged €2 billion annually by 2025 for adaptation in developing countries, exceeding its previous commitments. Canada reported progress toward its goal of doubling adaptation finance by 2025, as per the Glasgow Climate Pact, but acknowledged the need for more expansive action. “Public finance alone won’t suffice,” said Canada’s representative. “We need coordinated global efforts, innovative instruments, and stronger policy signals to ramp up climate-resilient investments,” the representative continued.

UAE calls for scaling up adaptation finance

“The outcome of the first global stocktake under the UAE consensus underscores a stark reality: we are not on track to meet the adaptation needs of developing countries,” said the UAE’s representative. “Climate change disproportionately affects vulnerable communities who have contributed the least to global emissions. Adaptation is not a choice, but a necessity,” he continued.

The UAE underscored the widening adaptation finance gap, which is estimated to reach hundreds of billions of dollars annually by 2030.

“A critical component of COP28 was the UAE framework for global climate resilience, establishing targets for adaptation planning and implementation,” the representative noted. The UAE consensus calls for all parties to have national adaptation plans in place by 2025, with tangible progress on implementation by 2030.

“We urge developed countries to significantly scale up adaptation finance beyond the doubling committed at COP26,” the UAE added.

“This scaling up is crucial to meet the urgent and growing needs of developing countries.”

Rejecting allegations of involvement in the Sudanese conflict, the UAE reaffirmed its commitment to humanitarian aid and efforts to support a legitimate, civilian-led government in Sudan.

“We reject these baseless claims and emphasize our continued support for de-escalation, ceasefires, and aiding Sudanese civilians,” said the representative.

Jordan called for “predictable and transparent commitments” and expedited disbursements, emphasizing the challenges faced by water-scarce nations grappling with severe droughts.

Sudan urged for technological transfer and funding to recover from devastating floods, which caused $48 million in damages this year. Palestine raised concerns about barriers to accessing climate funds, citing “non-technical issues” that prevent direct support despite eligibility.

Kazakhstan stressed the importance of concessional financing, saying, “We need mechanisms that are accessible and predictable to address vulnerabilities and ensure funds flow directly to communities.”

Developing countries call for urgent action

“Adaptation is not a choice but a necessity,” reiterated the UAE representative, highlighting the disproportionate burden borne by vulnerable nations.

Qatar called for creative solutions to close the adaptation finance gap, urging developed countries to double financial support and focus on the implementation phases to maximize impact.

China demanded that developed countries clarify timelines for doubling adaptation financing, stating, “They must deliver on their commitments and prioritize vulnerable nations.”

As COP29 unfolds, the debate over adaptation financing underscores the urgent need to bridge the gap between pledges and tangible action. The world’s most vulnerable communities are watching closely, demanding that words translate into real solutions.


GAMI showcases achievements at maritime forum in Dhahran

GAMI showcases achievements at maritime forum in Dhahran
Updated 19 November 2024
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GAMI showcases achievements at maritime forum in Dhahran

GAMI showcases achievements at maritime forum in Dhahran

RIYADH: Saudi Arabia’s General Authority for Military Industries highlighted its achievements in local military ship and boat manufacturing, as well as maintenance capabilities, at the 3rd International Saudi Maritime Forum.

In a press statement, GAMI noted that its pavilion also showcased specialized expertise in hull construction and system integration. Established in 2017, GAMI is tasked with regulating, monitoring, enabling, and licensing the Kingdom's military and security industries.

As part of its mission to strengthen the defense sector, GAMI aims to support the growth of Saudi Arabia's military industries and contribute to the country's economic development. The authority also plays a key role in achieving Saudi Vision 2030 by aiming to localize more than 50 percent of government defense spending by 2030.

The GAMI pavilion, inaugurated by Abdullah bin Abdulaziz Al-Hammad, GAMI’s deputy governor for strategic planning and execution, was presented to over 55 national and international organizations from 22 countries, including military specialists and academics from both Saudi Arabia and abroad.

The 3rd Saudi International Maritime Forum, organized by the Royal Saudi Naval Forces, kicked off on Nov. 19 in Dhahran and will run through Nov. 21.

The forum is focusing on key developments in regional and international maritime security, while also highlighting the latest technologies, equipment, and maritime systems at both local and global levels.

 


Saudi Arabia pledges support in combating global financial crimes

Saudi Arabia pledges support in combating global financial crimes
Updated 19 November 2024
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Saudi Arabia pledges support in combating global financial crimes

Saudi Arabia pledges support in combating global financial crimes

RIYADH: The global fight against money laundering, terrorism financing, and the proliferation of arms remains a pressing issue, as Saudi Arabia’s central bank governor emphasized the need for international collaboration to address these challenges.

Ayman Al-Sayari, governor of the Saudi Central Bank, reiterated the Kingdom’s commitment to advancing these efforts, stating, “We affirm Saudi Arabia’s keenness to unify joint regional efforts in combating money laundering, financing terrorism and the proliferation of arms, and overcoming the challenges facing all countries.”

His comments came during the conference on “The Latest Developments in Combating Money Laundering, Financing Terrorism, and the Proliferation of Arms,” held on the sidelines of the 39th General Meeting of the Middle East and North Africa Financial Action Task Force in Riyadh.

Marking the 20th anniversary of MENAFATF’s establishment, Al-Sayari highlighted its role in raising awareness and supporting regional adherence to international standards. “Today we celebrate the 20th anniversary of the establishment of the MENAFATF group, which has contributed to raising awareness, deepening understanding of international requirements at the regional level, and helping relevant authorities enhance their commitment to these requirements,” he said.

Al-Sayari also praised Saudi Arabia’s domestic initiatives aimed at strengthening compliance and combating financial crimes.

“We commend the efforts of the relevant authorities in Saudi Arabia through standing committees to enhance efforts and raise commitment to international requirements,” he added.

According to a UN report, an estimated 2 to 5 percent of global gross domestic product—equivalent to $800 billion to $2 trillion—is laundered each year. However, the clandestine nature of money laundering makes it difficult to determine the exact volume of illicit funds in circulation.

Acknowledging the evolving nature of financial crimes, Al-Sayari emphasized the need for proactive legislative and regulatory measures. “In light of the rapid development of money laundering, terrorism financing, and arms proliferation methods, countries must strengthen their legislative and regulatory frameworks to keep pace with these fast-evolving challenges,” he said.

Al-Sayari also affirmed Saudi Arabia’s alignment with the Financial Action Task Force under Mexico’s presidency, reinforcing the Kingdom’s support for global efforts to combat illicit financial flows. “Saudi Arabia participates actively in the FATF’s discussions to ensure that cross-border transfers are more efficient, transparent, and comprehensive without compromising due diligence obligations and measures,” he added.

Elisa Madrazo, president of the FATF, also addressed the conference, highlighting the importance of coordinated global efforts to combat financial crimes. Her remarks underscored FATF’s ongoing commitment to fostering collaboration among member countries and ensuring adherence to international standards.

During the conference, Al-Sayari met with Madrazo to discuss recent developments and shared interests in anti-money laundering efforts, combating terrorist financing, and addressing the financing of arms proliferation.


Aramco signs agreement to advance SASREF expansion

Aramco signs agreement to advance SASREF expansion
Updated 19 November 2024
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Aramco signs agreement to advance SASREF expansion

Aramco signs agreement to advance SASREF expansion

RIYADH: Energy giant Saudi Aramco and China-based Rongsheng Petrochemical Co. have signed a framework agreement to boost the expansion of a subsidiary of the state-owned oil company.

According to a press statement, the tripartite agreement outlines a cooperation framework and detailed plans to design and develop Saudi Aramco Jubail Refinery Co. or SASREF. The initiative is expected to enhance SASREF’s refining and petrochemical capabilities.

The deal follows an announcement made in April that Aramco and Rongsheng Petrochemical had signed a partnership agreement related to the planned formation of a joint venture in SASREF. 

Aramco’s long-standing relationship with China spans more than three decades.

This new framework agreement is part of the company’s broader strategy to solidify its position in the global energy landscape while supporting the Kingdom’s economic growth.

“By aligning our efforts, Aramco and Rongsheng Petrochemical aim to deliver additional value to our stakeholders,” said Aramco Downstream President Mohammed Al-Qahtani.

He added: “This development framework agreement underscores Aramco’s intentions to foster closer collaboration with key partners and progressing its strategic downstream expansion, both in Saudi Arabia and internationally. It also highlights the potential of the Kingdom’s downstream sector to attract overseas players.”

Li Shuirong, chairman of Rongsheng Petrochemical, said that the collaborative project will contribute to Saudi Arabia’s Vision 2030 program and China’s Belt and Road initiative. 

“The signing of the development framework agreement sets the stage for Rongsheng Petrochemical’s in-depth participation in the SASREF expansion project,” said Shuirong. 

He added: “Saudi Arabia has abundant energy resources and significant market potential, and Rongsheng Petrochemical will bring strong momentum to the partnership through our excellent operation and management capabilities and market competitiveness.” 

The SASREF expansion project is located in Jubail Industrial City along the Arabian Gulf coast in the Kingdom’s Eastern Province. 

The project, which is currently in the pre-front-end engineering design stage, envisages the construction of large-scale steam crackers and the integration of associated downstream derivatives into the existing SASREF complex, enhancing its ability to meet the growing demand for high-quality petrochemical products, the statement added. 

Earlier in November, Aramco, in partnership with China Petrochemical & Chemical Corp. and Fujian Petrochemical Co., started the construction of a refinery and petrochemical complex in the Asian nation’s Fujian province. 

The undertaking, which is expected to be fully operational by the end of 2030, includes an oil refinery with a capacity of 320,000 barrels per day, according to a press statement.

It will also have a 1.5 million tonnes-per-year ethylene unit, a 2 million tonnes paraxylene and downstream derivatives capacity, and a 300,000 tonnes crude oil terminal.


COP29: Azerbaijan unveils Baku Harmoniya Climate Initiative

COP29: Azerbaijan unveils Baku Harmoniya Climate Initiative
Updated 19 November 2024
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COP29: Azerbaijan unveils Baku Harmoniya Climate Initiative

COP29: Azerbaijan unveils Baku Harmoniya Climate Initiative

RIYADH: Azerbaijan has launched the Baku Harmoniya Climate Initiative, a program designed to help farmers combat global warming while ensuring food security.  

The initiative, which prioritizes knowledge sharing and climate finance solutions, was announced during a press conference by Azerbaijan’s Minister of Agriculture, Majnun Mammadov, at COP29. 

This effort aligns with Azerbaijan’s revised Nationally Determined Contributions, which pledge a 40 percent reduction in emissions by 2050, conditional on international support. The energy sector, responsible for over half of the country’s greenhouse gas emissions, remains a focal point of Azerbaijan’s climate strategy.   

“I am proud to officially announce the launch of the Baku Harmonia Climate Initiative for farmers. It is an inclusive platform designed particularly for women and youth, and aims to strengthen global collaboration,” Mammadov said. 

He highlighted that the initiative will focus on promoting technology investments, sustainable practices, and crop diversification. 

“Harmonia focuses on sharing knowledge, facilitating climate finance, and addressing the unique challenges farmers face,” he added.  

Mammadov emphasized the importance of enhancing farmers’ participation, advancing research and innovation, improving water management systems, and implementing subsidy programs to encourage sustainability. 

Also speaking during the conference, COP29 Lead Negotiator Yalchin Rafiyev underlined the initiative’s significance, noting the momentum gained from international cooperation.  

“We have been encouraged by the positive signals from the G20 to our ongoing efforts,” Rafiyev said. However, he stressed that current climate finance levels remain insufficient and require scaling up.  

As a significant producer of fossil fuels, Azerbaijan’s hosting of COP29, like last year’s host, the UAE, signifies a shift toward sustainable climate policies.  

COP29 President Mukhtar Babayev recently told Arab News that hosting the conference reflects his country’s commitment to driving change.