The UN COP28 climate summit incoming president has set out an agenda to “supercharge” global climate finance and finally reach a promised $100bn to help poorer countries adapt to climate change, a goal that has eluded his predecessors.
Sultan Al Jaber, the president-designate of COP28 and head of the Abu Dhabi National Oil Company, told the Petersberg Climate Dialogue in Berlin on Tuesday that “mobilising” private finance and the reform of international finance institutions was a priority.
He also remained focused on the development of technologies to reduce emissions, rather than to phase out production of fossil fuels.
“In a pragmatic, just and well-managed energy transition, we must be laser-focused on phasing out fossil fuel emissions, while phasing up viable, affordable zero-carbon alternatives,” he said.
Jaber has been on a “listening tour” since his appointment in January and in recent weeks has met climate leaders and ambassadors in China, the US and…