Dr. Al Jaber Remarks: Thank you all for being here and being physically present. I thank those also who are joining us online. I hope that all of you who are here in person have enjoyed and continue to enjoy their engagements and their stay in the United Arab Emirates, and I hope that my team have been engaging and have been supporting you by providing you with all the necessary information or documents whenever you asked. And I hope that my team is also keeping you updated in a timely fashion with the progress that is being made on the ground.
Allow me to use this opportunity to bring everyone up to speed on what has been achieved thus far, and in particular in the past three and a half days of COP28. And before I begin, let's remember why we're all here.
We're all here because we made a very clear call to action, and we've been very upfront about it. And we said clearly and repeatedly that the UAE takes this task with humility, responsibility, and we fully understand the urgency behind this matter. And we're here because we very much believe and respect the science.
43% of global emissions must be reduced by 2030. That is 22 gigatons by 2030 and we need to make that happen to keep 1.5 within reach. And I have been crystal clear on the fact that that is a critical success factor if we want to keep 1.5 within reach. Let me say from the outset that everything this presidency has been working on, and continues to work on, is focused on and centered around the science.
And I have been crystal clear on that point. Every opportunity I had with many around the world and in all of my public engagements, I have always been very clear on the fact that we are making sure that everything we do is centered around the science. I am approaching the task, myself and my team at the presidency, with full understanding of what is at stake. We did not in any way underestimate or undermine the task at hand. We understand fully the urgency and we understand the responsibility that we have taken on board.
In the first four days, I believe we have already set a high bar for delivery and there is a real sense of momentum, traction, positivity, and excitement. I also can tell you that there is real hope out there, across the site and across everyone I came across. There is real hope and optimism that this is a major inflection point and we cannot miss the opportunity. This is our opportunity to deliver a real, tangible paradigm shift that will course-correct and put us on the right track of keeping 1.5 within reach.
In fact, I must say, a special thing is happening here at COP28. A special thing is actually happening here. We voted on and supported and adopted the agenda in the first hour of the first day of COP. In the 12 COPs I have personally participated in, and I'm sure in this room there are people who participated in many more than only 12 COPs, never ever did we see the agenda get adopted on day one, let alone the first hour.
Bodies then came together on the first day to make a historic decision. That's history. In fact, it's a breakthrough agreement on Loss and Damage. And we didn't only operationalize it, but we began filling it. That's what I have been repeatedly saying.
Our task is not only to operationalize it and establish or create an empty bank account. No, we made a promise. We want to operationalize it, and we want to agree on the funding arrangements and start filling it. And that's exactly what happened. And again, that's the first time in any COP on day one such a decision gets adopted.
This is historic. These are success stories. No one can deny this. It is also worth reminding everyone that the loss and damage was in real danger of not happening at all until we made a bold call, and we requested to convene a special session in Abu Dhabi to get it over the line. And this happened right after the Pre-COP at the beginning of November.
TC5 was never part of the agenda or part of the plan, but we took that bold decision to ensure that we give it our best shot and we utilize and capitalize on our abilities, expertise, network, partners, and relationships to get it over the line.
And yes, we got it over the line with the help and support of all parties. We also brought together the U.S. and China in an unprecedented commitment to an economy-wide reduction of methane and other non-CO2 gases. These gases are over 80 times more damaging than CO2. Tackling methane will have a massive near-term impact on keeping 1.5 within reach, and that's why I am putting it at the top of my agenda. In fact, it has been one of my top priorities as the COP Presidency, and we made it a very high and top priority for everyone. And that's why we were able to make progress.
I am pleased to say that we have also mobilized over $57 billion in new pledges and commitments only in the first four days: 30 billion in a new custom-tailored UAE catalytic fund that is 100% focused on solutions and bridging gaps to climate change; 725 million for Loss and Damage; $9 billion annually announced by the World Bank; over $3 billion for the Green Climate Fund; 2.7 billion for health; 2.6 billion for nature; 1.2 billion for relief, recovery, and peace; 2.5 billion for renewable energy; and 1.2 billion for methane reduction. On top of that, parties have rallied around a number of pledges and declarations that get the world moving in the right direction.
That's the course of action we're talking about. That is us nurturing a new culture and a new DNA that is centered around making things happen. It's the action agenda that we have adopted since day one. It's the delivery, it's the implementation. It's the fact that we have been recognizing the efforts and the progress made over the years and our intent, genuine and sincere intent, to take that responsibility and attempt to translate all this great progress to real actions. And that's what we try to bring to the table.
Eight new declarations have been announced, and these declarations are designed to help transform every major sector of the global economy. The Global Decarbonization Accelerator, bringing together more countries and more companies around net zero than ever before. Again, that has never, ever happened before. This is all aimed at decarbonising the supply and demand. And that's, again, a unique approach. That's a very unique model—the integration between supply and demand of the energy system. At the same time, 55 zero oil companies, oil and gas companies are aiming for zero methane emissions by 2030 and net zero by 2050. This is the first time ever.
Plus, a global pledge to deliver new energy and energy efficiency. And I am especially proud that we have delivered the first ever declarations on health and food systems. These have been two massive priorities for our COP Presidency agenda. Three additional declarations will be announced in the next few days on hydrogen, cooling, and gender. The number of countries supporting these declarations and pledges is, in fact, growing. I am receiving a lot of great, overwhelmingly positive responses from many around the world that are interested and keen to join hands. And of course, if anything, this simply demonstrates how we are delivering on one of our main pillars, and that is doing everything with inclusivity.
We are not leaving anyone behind, nor are we leaving any on the sidelines. We're engaging and we're bringing everyone on board. And I'll be happy to tell you about all the countries that have signed up to our declarations if you're interested, or I can have my team share with you all the details. I really think something special is happening here. The positivity, the optimism, the hope, the momentum, the determination is just growing. And I will stay focused, laser-focused, on delivery and maintaining this momentum until we land the most ambitious response to the Global Stocktake.
It is time for us to seriously cooperate, collaborate, and unite. It is solidarity that is needed at this point in time if we're serious about addressing this. It is time that we deliver the highest ambition response to the Global Stocktake and keep 1.5 within reach. And of course, I am excited. I am more determined than ever before, and I do look forward to rubbing shoulders against everyone, working with everyone, rolling up my sleeves, and working very closely with the negotiators to get this job done.
And before I hand over to my colleague Sconaid. Allow me to say how grateful I am and appreciative for the relationship we have been able to establish with the IPCC and with my very dear colleague Jim, who has been very instrumental in helping us develop and shape our vision and our agenda, as well as our detailed strategy and objectives. The fact is that we have always built everything, every step of the way, on the science, on the facts, and on the figures. I thank you.
Jim Skea, IPCC Remarks
The G7 countries voted that there should be a phasing out of unmitigated fossil fuel emissions and what there is science for is keeping 1.5 degrees as your north star. And every decision we make should be geared to say: does this advance the 1.5 degrees, or is it going to be more destructive and take us in the wrong direction? Now, there are people who are arguing that the fossil fuel industry, which is, you know, obviously responsible for the emissions, needs to step up and do more. I think that Sultan Al Jaber would say that certainly they can and must do more in order to solve this problem much more rapidly. And so, we're in a race against time and I know that everybody here does accept that concept.
Key Quotes from Q&A with Dr. Al Jaber
“I'm an engineer by background. It's the science, and I respect the science and my passion about the science, and it's my conviction to the science that has enabled me to progress in my career. I'm an economist by background, and by combining my passion for science and my engineering background, and supplementing that with business and economics skills, I was able to progress in my career.
So, science has been central to my own career progress. And yes, I respect the science in everything I do. And I respect and trust numbers and figures. Science has guided my life. This is a fact. And I have repeatedly said in many occasions and in different platforms that it is the science that has guided the principles of our strategy as the COP28 presidency.”
“The science says that we must get to net zero emissions by 2050, and we must reduce emissions by 43% by 2030 in order for us to be able to keep 1.5 within reach. I have been very clear that my job and this mission, is to ensure that my North Star continues to be, and we stay laser focused on, keeping 1.5 within reach.” “I know that there are strong views among some parties about the phase down or phase out of fossil fuels. And allow me to say this again, this is the first presidency ever to actively call on parties to come forward with language on all fossil fuels for the negotiated task text.”
“I respect facts, I respect numbers, and these are the facts on the ground. I have called on parties many times to find common ground, build consensus, and come to me with language that will work with all parties. This presidency is committed to delivering the highest ambition possible.
I am committed and determined to deliver the most ambitious response to the Global Stocktake. Let's give the process the space it needs. And if anything, judge us on what we will deliver at the end of this COP.”
“It's the science that is driving the principles of discovery. I made it very clear in my speech that the COP28 Presidency's energy package is only the beginning. I did say it's a giant step. I did say it's a big step in the right direction, but I did mention it, and I repeatedly said, it is not enough. And I did encourage everyone to work with us and to help us identify more and new solutions, and to help make this energy package better and help us unlock its potential.
This is because I do believe in inclusivity, and I do believe that we have to bring everyone on board to be able to address the challenge head-on by capitalizing on the science and by capitalizing on their capabilities.”