Dubai: Emphasizing on the significance of the recent commitment made by President His Highness Sheikh Mohamed bin Zayed Al Nahyan to invest an additional $50 billion to scale up climate action through the deployment of E at home and abroad, Ms. Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment hailed the decision as yet another milestone in the country’s long track record spanning close to 3 decades.
The $50 billion worth Investment Commitment was made by the UAE President during his presence at the Leaders Meeting of the Major Economies Forum on Energy and Climate.
The UAE Minister pointed out that in line with its steadfast commitment to climate action and the Paris Agreement, the UAE has introduced multiple roadmaps along the way that reaffirm its keenness to build a sustainable future for the next generations.
These include the UAE Hydrogen Leadership Roadmap that seeks to position the country as a leading producer and exporter of green and blue hydrogen in the pursuit of net zero, and the UAE Net Zero by 2050 Strategic Initiative, the first of its kind in the MENA region.
“Our country has repeatedly underscored its dedication to developing and implementing long-term strategies aimed at reducing greenhouse gas (GHG) emissions and limiting global warming, as is evident in its Nationally Determined Contribution (NDC). Today, as we gear up to host the 28th UN Climate Change Conference (COP28) next year, we remain determined to enhance environmental protection, advance government agendas, and boost the participation of the private sector through driving innovation and developing cutting-edge climate-smart technologies in the agriculture and food sectors to conserve natural resources,” Ms. Almheiri highlighted.