The Prague Post - COP28 chair urges tripling of renewables capacity by 2030

EUR -
AED 4.317808
AFN 76.994475
ALL 96.189964
AMD 448.7811
ANG 2.104722
AOA 1077.985852
ARS 1704.836554
AUD 1.773409
AWG 2.116003
AZN 2.007197
BAM 1.9543
BBD 2.367312
BDT 143.640939
BGN 1.953544
BHD 0.443191
BIF 3485.527834
BMD 1.175557
BND 1.515391
BOB 8.121523
BRL 6.421132
BSD 1.175363
BTN 106.812813
BWP 15.523619
BYN 3.444453
BYR 23040.925982
BZD 2.363915
CAD 1.616703
CDF 2645.004589
CHF 0.934556
CLF 0.027368
CLP 1073.648601
CNY 8.284448
CNH 8.269941
COP 4520.018388
CRC 586.532218
CUC 1.175557
CUP 31.152272
CVE 110.721405
CZK 24.324665
DJF 208.920182
DKK 7.471185
DOP 74.470932
DZD 152.190865
EGP 55.705908
ERN 17.633362
ETB 182.27006
FJD 2.684964
FKP 0.878605
GBP 0.876131
GEL 3.168094
GGP 0.878605
GHS 13.548259
GIP 0.878605
GMD 86.404864
GNF 10216.182599
GTQ 9.000783
GYD 245.903882
HKD 9.145496
HNL 30.811895
HRK 7.529561
HTG 153.931817
HUF 385.673373
IDR 19576.558183
ILS 3.794346
IMP 0.878605
INR 106.897786
IQD 1539.980257
IRR 49502.723816
ISK 147.990962
JEP 0.878605
JMD 188.656761
JOD 0.83352
JPY 181.871704
KES 151.541393
KGS 102.802907
KHR 4706.932036
KMF 493.73405
KPW 1058.001998
KRW 1732.783652
KWD 0.360285
KYD 0.979519
KZT 605.856806
LAK 25468.45215
LBP 105271.169589
LKR 363.860641
LRD 208.367869
LSL 19.761085
LTL 3.471115
LVL 0.711083
LYD 6.371567
MAD 10.794561
MDL 19.793214
MGA 5301.763793
MKD 61.443207
MMK 2468.395605
MNT 4169.516512
MOP 9.418189
MRU 46.728714
MUR 54.016691
MVR 18.102491
MWK 2041.943832
MXN 21.114822
MYR 4.802741
MZN 75.12987
NAD 19.760977
NGN 1708.425936
NIO 43.175966
NOK 11.970655
NPR 170.9007
NZD 2.032451
OMR 0.451998
PAB 1.175363
PEN 3.963393
PGK 4.99994
PHP 68.878852
PKR 329.449854
PLN 4.213221
PYG 7894.938542
QAR 4.28021
RON 5.09216
RSD 117.362953
RUB 93.516769
RWF 1706.909415
SAR 4.409202
SBD 9.592601
SCR 16.789394
SDG 707.092237
SEK 10.92522
SGD 1.51537
SHP 0.881973
SLE 28.155038
SLL 24650.856215
SOS 671.827144
SRD 45.468202
STD 24331.665734
STN 24.921818
SVC 10.285191
SYP 12999.86794
SZL 19.761454
THB 36.971654
TJS 10.801685
TMT 4.114451
TND 3.42263
TOP 2.830461
TRY 50.209937
TTD 7.973641
TWD 36.98652
TZS 2903.626567
UAH 49.570363
UGX 4184.787067
USD 1.175557
UYU 45.984695
UZS 14253.633675
VES 314.39079
VND 30970.06097
VUV 142.785345
WST 3.267242
XAF 655.434266
XAG 0.01851
XAU 0.000273
XCD 3.177003
XCG 2.118311
XDR 0.816048
XOF 656.55533
XPF 119.331742
YER 280.312047
ZAR 19.695537
ZMK 10581.505648
ZMW 27.004463
ZWL 378.529019
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0400

    23.34

    +0.17%

  • RYCEF

    -0.1000

    14.8

    -0.68%

  • CMSD

    -0.0650

    23.3

    -0.28%

  • BCC

    0.6000

    75.93

    +0.79%

  • BTI

    -0.3550

    57.385

    -0.62%

  • RIO

    0.3650

    76.185

    +0.48%

  • RBGPF

    3.3200

    81

    +4.1%

  • NGG

    -0.3100

    75.72

    -0.41%

  • BCE

    -0.2200

    23.39

    -0.94%

  • GSK

    -0.4300

    48.81

    -0.88%

  • AZN

    -0.2700

    91.29

    -0.3%

  • JRI

    -0.0460

    13.514

    -0.34%

  • RELX

    -0.2050

    40.875

    -0.5%

  • BP

    -1.5050

    33.745

    -4.46%

  • VOD

    -0.0050

    12.695

    -0.04%

COP28 chair urges tripling of renewables capacity by 2030
COP28 chair urges tripling of renewables capacity by 2030 / Photo: Tobias SCHWARZ - AFP

COP28 chair urges tripling of renewables capacity by 2030

The president of upcoming UN climate talks Sultan Al Jaber on Tuesday called on participants to drastically ramp up their use of renewable energy ahead of the key summit in the United Arab Emirates later this year.

Text size:

The meeting in November needs "ambitious, transparent and accountable commitments from countries and businesses", Al Jaber said in a speech at the opening of the Petersberg Climate Dialogue, a meeting of climate diplomats in Berlin.

"We will accelerate delivery in sectors like renewables that must triple capacity by 2030 and double it again by 2040," he added.

The summit chief's call echoes a key target laid out by the International Energy Agency.

Al Jaber had already raised the potential target at a closed-door meeting with G7 leaders in Japan last month.

While setting out a goal for faster renewables expansion, Al Jaber, who is also the chief executive of the UAE's state oil company, did not call for a complete end to the use of fossil fuels.

Rather, the future COP28 chair said the focus must be on removing the emissions such fuels produce.

"We must be laser focused on phasing out fossil fuel emissions, while phasing up viable, affordable zero-carbon alternatives," said Al Jaber.

Climate activists have criticised the decision to hold COP28 in the oil-rich UAE and the choice as COP president of Al Jaber, who also serves as the Gulf state's minister of industry and advanced technology.

- Climate fund -

Al Jaber also used his speech to call on developed countries to deliver a long promised $100-billion climate package for developing countries.

"This is holding up progress. And as part of my outreach, I am requesting donor countries to provide a definitive assessment on the delivery of this commitment before COP28," Al Jaber said.

In 2009, the chaotic UN climate summit in Copenhagen saw rich nations promise $100 billion a year by 2020 to the Global South, but last year the OECD said the amount delivered was still $17 billion short.

At the same time, the funding needed for developing countries to stop burning planet-heating fossil fuels and prepare for future climate disasters has already far outstripped that sum.

Campaigners are pushing for a redesign of the global financial architecture to help countries cope, as many emerging nations grapple with rising costs, soaring debts and extreme weather events.

German Foreign Minister Annalena Baerbock, who is hosting the Petersberg dialogue, however, reported that the pledged sum may finally be close.

"The good news is we are on the way to finally reaching this $100-billion sum this year," she said.

- Protest group -

Earlier this year, the UN’s climate expert panel said the world risks crossing the key 1.5-degree Celsius global warming limit in about a decade, urging a drastic reduction in planet-heating emissions.

While solar and wind power are already increasing dramatically, the UN report said that existing fossil fuel infrastructure will be enough to push the world beyond 1.5C, without the effective use of costly and emerging technology to capture and store the carbon pollution.

The meeting in Berlin came as the German capital was roiled by days of climate protests, with the action continuing Tuesday.

Campaigners from the Last Generation group have caused widespread disruption in the city by sticking themselves to the road surface to stop traffic and agitate for more climate protection.

Among other measures, Last Generation has called for the government to provide a "detailed plan" to meet the goal of a 1.5C-limit and introduce a general speed limit.

Representatives from the group met Germany's Transport Minister Volker Wissing on Tuesday.

Wissing said on radio Deutschlandfunk that he was surprised the activists "make so few sensible suggestions for climate protection and at the same time act so radically".

burs-sea/hmn/kjm

A.Novak--TPP