UAE’s Minister of Industry and Advanced Technology, and UAE Special Envoy for Climate, Sultan Ahmed Al Jaber has said that the UAE views climate action as a key enabler of stability and economic prosperity.
It seeks to promote climate progress through the UN’s Conference of the parties (COP) process and all other relevant forums in the run-up to hosting COP 28 in 2023.
The minister was speaking at the Munich Security Conference titled “Scaling Up Climate Action”.
“While climate change remains a huge global challenge, the world is actually in a much better position after COP 26 than it was just a few months ago, as 90 percent of the global economy is now committed to net zero”, he remarked.
Al Jaber noted the need to increase investments in agri-tech and leverage best practices that safeguard vulnerable nations’ food and water security.
“That is the goal of AIM for Climate, an initiative that the UAE has launched along with the US, with the participation of 37 countries”, he said.
The initiative is to scale up investments in breakthrough agricultural innovation from drought-resistant seeds to water-efficient vertical farming.
He reiterated the UAE’s support for robust climate finance and that the world should make good on its pledge of $100 billion in annual climate finance to developing nations.