COP28 president, Dr. Sultan Al Jaber has hailed Germany for its commitment into meeting climate finance target for developing countries.
German Foreign Minister Annalena Baerbock had said that she was confident that the funding target for developing countries would be met ahead of the summit opening on November 30 in the UAE.
She made this remark during a meeting of 40 countries at the Petersburg Climate Dialogue in Berlin.
Chancellor Olaf Scholz addressed the final session of the long-running dialogue and said the experience of both Germany and the UAE showed the world how rapid change could happen.
“I believe after the change and transformation that we have achieved in the past 12 months no one underestimates any more which change will be possible in the coming 10 years,” he said.
“You can witness the forces released by this insight and wide awareness can be seen around the globe.
“Your country, Dr Al Jaber, is well on the way from becoming the biggest leading user of renewable energies after being the largest exporter of fossil energies.
“Especially because the economic power of the UAE so far relied in large parts on fossil energies, I find it all the more remarkable that you resolutely turned to climate-neutral added values and technologies.”
“I am pleased that, with our Canadian partners, we were able to ensure in the talks here that the donor states are now ready so that the full $100 billion can be mobilised this year,” Ms Baerbock said.
Commending Germany efforts, Dr Al Jaber, who is also Minister of Industry and Advanced Technology and managing director and group chief executive of Adnoc, welcomed the German optimism that a key threshold in the battle to ensure that those that emitted least are not most damaged by climate change.
“We need to fulfil the global goal on adaptation, we need to double adaptation finance and to protect biodiversity and natural carbon sinks.
“We need to fulfil the $100 billion pledge from donor countries and I was very happy, pleased and encouraged by the statement made yesterday by minister Baerbock that progress is indeed being made,” he said.
