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Theme(s): Energy Outlook

Source: Zawya

Issam Abu Suleiman, Regional Director of the Gulf Cooperation Council (GCC) at the World Bank, has said that the UAE plays a pivotal role in the global efforts aimed at limiting the repercussions of climate change in the GCC region and the Middle East, pointing out that "COP28" will constitute a new impetus for the global system towards implementing commitments related to solutions to climate change issues.

"The UAE's hosting of COP28 demonstrates international recognition of the country's efforts in the field of climate sustainability," Abu Suleiman told the Emirates News Agency (WAM).

Abu Suleiman noted that COP 28 represents a great opportunity to push towards green technology and carbon sequestration investments that will be necessary for the world to achieve net-zero emissions by 2050, as well as being an opportunity to move to an economic path of green growth that would further diversify the economy while making a positive impact on the climate.

He pointed out that the UAE, for more than 30 years, has shown great interest in the issue of climate change, in addition to its commitment to investing in projects aimed at reducing its repercussions.