United Nations climate talks here kicked into high gear on Dec 1 with about 140 world leaders, including Indian Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva, gathering for a summit meant to accelerate global climate action.
During the two-day, high-level World Climate Action Summit, at the start of the two-week talks, leaders will spell out their actions to tackle climate change.
These include renewable energy investments, new finance pledges and calls for greater urgency in global efforts following what is set to be the hottest year on record scarred by a series of catastrophic weather disasters.
The United Arab Emirates is hosting the negotiations, called COP28, which are due to end on Dec 12.
Delegates from nearly 200 nations are tasked with agreeing on a deal in Dubai that will put the world on a safer path.
But that deal needs to spell out a clearer transition away from fossil fuels, accelerate investment in green energy and a massive ramp-up of finance to pay for the green transition, especially in poorer nations. Many poorer nations remain heavily reliant on fossil fuels and do not have the money to quickly shift to green energy without support.
In a boost for COP28, UAE President Mohammed Bin Zayed announced a US$30 billion (S$40 billion) climate fund for global climate solutions at the start of the leaders’ summit.
The fund, called Alterra, is designed to bridge a wide climate finance gap – with a focus on transforming emerging markets and developing economies – and aims to stimulate US$250 billion of investment by 2030, he said.
Denne historien er fra December 02, 2023-utgaven av The Straits Times.
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Denne historien er fra December 02, 2023-utgaven av The Straits Times.
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Response to retention of Siglap block shows everyday buildings have value
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Remains of climber who went missing 100 years ago found on Everest
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From timber to tech Sibu's spotty transition to joining Sarawak's booming economy
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Two Singaporeans among six opera performers arrested in Penang
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Woman in Russian tank factory sent to penal colony for selling info to Ukraine
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Malaysians capitalising on stronger ringgit to buy gadgets
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