The Japan Times - COP28 chair urges tripling of renewables capacity by 2030

EUR -
AED 4.276813
AFN 76.973456
ALL 96.541792
AMD 443.66228
ANG 2.08461
AOA 1067.892825
ARS 1669.966546
AUD 1.754987
AWG 2.096192
AZN 1.983027
BAM 1.955634
BBD 2.345501
BDT 142.477887
BGN 1.956448
BHD 0.439063
BIF 3440.807467
BMD 1.164551
BND 1.508572
BOB 8.047316
BRL 6.334693
BSD 1.164501
BTN 104.703098
BWP 15.471685
BYN 3.348015
BYR 22825.199431
BZD 2.342101
CAD 1.610603
CDF 2599.277862
CHF 0.936214
CLF 0.027366
CLP 1073.576028
CNY 8.233487
CNH 8.233644
COP 4424.32385
CRC 568.851637
CUC 1.164551
CUP 30.860601
CVE 110.255626
CZK 24.203441
DJF 207.372369
DKK 7.470483
DOP 74.533663
DZD 151.069156
EGP 55.295299
ERN 17.468265
ETB 180.630743
FJD 2.632409
FKP 0.873058
GBP 0.872682
GEL 3.138427
GGP 0.873058
GHS 13.246874
GIP 0.873058
GMD 85.012011
GNF 10119.139684
GTQ 8.920242
GYD 243.639286
HKD 9.06591
HNL 30.671392
HRK 7.535456
HTG 152.447039
HUF 381.79862
IDR 19435.831998
ILS 3.768149
IMP 0.873058
INR 104.761263
IQD 1525.570298
IRR 49042.15781
ISK 149.038664
JEP 0.873058
JMD 186.394153
JOD 0.825682
JPY 180.924386
KES 150.637193
KGS 101.839763
KHR 4662.603591
KMF 491.440116
KPW 1048.095309
KRW 1716.311508
KWD 0.357482
KYD 0.970517
KZT 588.92993
LAK 25252.853035
LBP 104284.433872
LKR 359.199461
LRD 204.962574
LSL 19.736622
LTL 3.438616
LVL 0.704426
LYD 6.330462
MAD 10.755786
MDL 19.814315
MGA 5194.558365
MKD 61.63476
MMK 2445.088292
MNT 4131.097496
MOP 9.338406
MRU 46.439052
MUR 53.65147
MVR 17.938025
MWK 2019.328319
MXN 21.214047
MYR 4.78745
MZN 74.42642
NAD 19.736622
NGN 1688.691781
NIO 42.856356
NOK 11.767822
NPR 167.524757
NZD 2.017953
OMR 0.446942
PAB 1.164601
PEN 3.914467
PGK 4.94158
PHP 68.667692
PKR 326.478343
PLN 4.230371
PYG 8009.319058
QAR 4.244739
RON 5.092114
RSD 117.39002
RUB 89.442396
RWF 1694.355948
SAR 4.370528
SBD 9.584944
SCR 15.747661
SDG 700.479911
SEK 10.957056
SGD 1.508674
SHP 0.873715
SLE 27.602715
SLL 24420.049847
SOS 664.343518
SRD 44.985434
STD 24103.854302
STN 24.497917
SVC 10.190134
SYP 12876.251041
SZL 19.721323
THB 37.120026
TJS 10.684692
TMT 4.087574
TND 3.41611
TOP 2.803959
TRY 49.523723
TTD 7.894329
TWD 36.43764
TZS 2841.658406
UAH 48.889044
UGX 4119.649753
USD 1.164551
UYU 45.546128
UZS 13931.815535
VES 296.438708
VND 30697.564133
VUV 141.331197
WST 3.24748
XAF 655.901236
XAG 0.019964
XAU 0.000277
XCD 3.147257
XCG 2.098822
XDR 0.815731
XOF 655.901236
XPF 119.331742
YER 277.803961
ZAR 19.724584
ZMK 10482.36295
ZMW 26.923711
ZWL 374.984944
  • RBGPF

    0.0000

    78.35

    0%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • JRI

    0.0400

    13.79

    +0.29%

  • BCC

    -1.2100

    73.05

    -1.66%

  • SCS

    -0.0900

    16.14

    -0.56%

  • NGG

    -0.5000

    75.41

    -0.66%

  • BCE

    0.3300

    23.55

    +1.4%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • RELX

    -0.2200

    40.32

    -0.55%

  • GSK

    -0.1600

    48.41

    -0.33%

  • RIO

    -0.6700

    73.06

    -0.92%

  • BP

    -1.4000

    35.83

    -3.91%

  • BTI

    -1.0300

    57.01

    -1.81%

  • AZN

    0.1500

    90.18

    +0.17%

  • VOD

    -0.1630

    12.47

    -1.31%

  • RYCEF

    -0.0500

    14.62

    -0.34%

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

S.Fujimoto--JT