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‘Climate change to slash Africa’s GDP by 7.1%’

In Africa, more than 200 million people could face extreme hunger and undernourishment in the long run as extreme weather events impact crop yields and farmland value…reports Asian Lite News

Extreme weather conditions are expected to have severe repercussions on the economy, agricultural productivity, water resources, and energy security across the developing world, a new study has found.

Published by the Center for Global Development (CGD), the report looks at the socioeconomic impact of rising temperatures and rapidly shifting weather patterns and extreme events in the Global South and particularly in Africa in the coming decades. According to the analysis, even small temperature increases – much lower than 2C – could have significant repercussions on socioeconomic indicators in the developing world.

In Africa, more than 200 million people could face extreme hunger and undernourishment in the long run as extreme weather events impact crop yields and farmland value. Indeed, agricultural production in Africa could experience losses of up to 2.9% by 2030 and 18% by mid-century, the study suggested, while the value of farmland to drop anywhere between 36% and 61%. While estimates are not conclusive for other developing regions, researchers say rain-fed crops will suffer the most.

Besides food security, climate change is also expected to deepen poverty in the world’s poorest regions. In Africa, the average per capita gross domestic product (GDP) is projected to drop by 7.1% in the long term, while country-level losses are much higher, estimated between 11.2% and 26.6% of GDP. Across the continent, poverty is expected to affect households that work in the agricultural sector the most, with revenue from crops likely to drop by 30% and poverty expected to rise anywhere between 20% and 30% when compared to a no-climate-change scenario.

As altered rainfall patterns impact the quality and spatial distribution of global water resources, regions vulnerable to droughts and flooding are also expected to see increased displacement rates and water shortages. In Africa alone, these changes are likely going to push more than 50 million people into water distress.

“If the menace of climate change is not addressed, the socioeconomic problems of developing countries, particularly in Africa, will deepen and erode the gains made in development in the last decades,” wrote Philip Kofi Adom, the study’s author.

The analysis follows months of record-breaking temperatures worldwide, with 2023 dubbed the hottest year in history and characterised by unprecedented extreme weather events that have brought about loss and devastation around the world.

Developing countries, historically the ones most affected by these events despite being those contributing the least to the issue, have long fought to hold industrial nations accountable. At last year’s UN COP28 climate summit in Dubai, delegates from nearly 200 countries approved a framework for the Loss and Damage Fund instituted at COP27 to help developing countries deal with the harm stoked by global warming. The framework, brought forward last month by the 24-member Transitional Committee (TC), a board tasked with the operationalisation of the fund, contains recommendations on how the fund would operate, including who would get the money, and who would pay.

The final text invites “financial contributions with developed country parties continuing to take this lead to provide financial resources for commencing the operationalisation of the Fund.” It also assures the World Bank as the fund’s host on a four-year interim basis – despite the US pushing to make this permanent. Developing nations initially expressed opposition to the idea of the Bank hosting the Fund due to their lack of confidence in the institution’s significant shift towards promoting climate action.

Pledges for the fund exceeded US$700 million, including $300-400 million from the European Union (EU) collectively, $100 from the United Arab Emirates (UAE), $50 million from the UK, $17.5 million from the US, and $10 million from Japan.

Nevertheless, critics pointed out that contributions to the Fund represent less than 0.2% of the economic and non-economic losses developing countries face every year from global warming, adding pressure to developed nations to enhance their contributions and provide additional pledges in line with their historical responsibility for loss and damage.

February on course to break many global heat records

February is on course to break a record number of heat records, meteorologists say, as human-made global heating and the natural El Nino climate pattern drive up temperatures on land and oceans around the world, media reported.

A little over halfway into the shortest month of the year, the heating spike has become so pronounced that climate charts are entering new territory, particularly for sea-surface temperatures that have persisted and accelerated to the point where expert observers are struggling to explain how the change is happening, The Guardian reported.

“The planet is warming at an accelerating rate. We are seeing rapid temperature increases in the ocean, the climate’s largest reservoir of heat,” said Dr Joel Hirschi, the associate head of marine systems modelling at the UK National Oceanography Centre. “The amplitude by which previous sea surface temperatures records were beaten in 2023 and now 2024 exceed expectations, though understanding why this is, is the subject of ongoing research.”

ALSO READ-UNEP Urges Int’l Solidarity to Combat Short-Lived Climate Pollutants

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‘Climate change may claim 14.5 mn lives by 2050’

The report analysed six major consequences of climate change: floods, droughts, heat waves, tropical storms, wildfires and rising sea levels…reports Asian Lite News

Climate change threatens to cause an additional 14.5 million deaths and $12.5 trillion in economic losses worldwide by 2050, according to a World Economic Forum (WEF) report published here.

The report, jointly compiled by the WEF and the consulting firm Oliver Wyman, is based on “scenarios developed by the Intergovernmental Panel on Climate Change on the most likely trajectory for the planet’s rising average temperature, 2.5 to 2.9 degrees Celsius over pre-industrial levels”.

The report analysed six major consequences of climate change: floods, droughts, heat waves, tropical storms, wildfires and rising sea levels.

Flooding alone is estimated to cause 8.5 million deaths by 2050, posing “the highest acute risk of climate-induced mortality”, according to the study. Droughts, as the second leading cause of climate-related mortality, are forecast to claim 3.2 million lives.

Heat waves, on the other hand, are expected to cause the highest economic losses, an estimated $7.1 trillion by 2050. The report warned that climate crisis will further exacerbate global health inequality and the most vulnerable populations will suffer the most.

Regions such as Africa and southern Asia will remain particularly vulnerable to the impacts of climate change, due to their limited resources such as infrastructure and essential medical equipment.

The WEF, in the report, called on global stakeholders to take decisive and strategic action to reduce emissions and mitigate the negative health impacts of climate change.

“Recent progress will be lost unless critical emission reduction and mitigation measures are improved, and decisive global action is taken to build climate resilient and adaptable health systems,” said Shyam Bishen, head of the Centre for Health and Healthcare and member of the Executive Committee at the WEF.

ALSO READ-Palestinian envoy slams UK ‘double standards’ towards Israel

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-Top News Dubai UAE News

Al Jaber Lauds Success in Response to Global Stocktake

The COP28 President noted that the UAE has shown that it can deliver on the global stage for the benefit of the planet and its people.

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, lauded the success of the parties in delivering a comprehensive response to the Global Stocktake and all the other mandates, and finding a new way.

In his statement at the closing plenary of the 28th UN Climate Change Conference (COP28), Dr. Al Jaber said, “Together, we have confronted realities, and we have set the world in the right direction. We have given it a robust action plan to keep 1.5 within reach. It is a plan that is led by the science. It is a balanced plan, that tackles emissions, bridges the gap on adaptation, reimagines global finance, and delivers on loss and damage. It is built on common ground. It is strengthened by inclusivity. And it is reinforced by collaboration.”

He was referencing the landmark text named “The UAE Consensus”, to which the Parties agreed and which sets out an ambitious climate agenda to keep 1.5°C within reach. The UAE Consensus calls on Parties to transition away from fossil fuels to reach net zero, encourages them to submit economy-wide Nationally Determined Contributions (NDCs), includes a new specific target to triple renewables and double energy efficiency by 2030, and builds momentum towards a new architecture for climate finance.

“We have travelled a long road together in a short amount of time. Over the last two weeks, we have worked very hard to secure a better future for our people and our planet. We should be proud of our historic achievement. And the United Arab Emirates, my country, is rightly proud of its role in helping you to move this forward,” the COP28 President continued. “It is an enhanced, balanced, but, make no mistake, historic package to accelerate climate action. It is the UAE Consensus.”

He added, “Many said this could not be done. But when I spoke to you at the very start of COP, I promised a different sort of COP. A COP that brought everyone together, private and public sectors, civil society and faith leaders, youth and indigenous peoples. Everyone came together from day one. Everyone united, acted and delivered. We operationalised loss and damage and started to fill the fund. We mobilised more than US$85 billion in new financial commitments. We launched ALTÉRRA, the world’s largest catalytic private investor that is 100 percent focused on solutions to climate change. And we delivered world first after world first.”

“A global goal to triple renewables and double energy efficiency. Declarations on agriculture, food and health. Many more oil and gas companies stepping up for the first time on methane and emissions. And we have language on fossil fuels in our final agreement. All of these are world firsts. And all of these are crucial actions that will help shape a better, cleaner world with greater, more equitable prosperity. And then we became the first COP to host a change-makers Majlis. And I felt that that was the turning point in our negotiations. You reconnected with your spirit of collaboration, you got out of your comfort zones and started speaking to each other from the heart. That… made the difference,” Dr. Al Jaber affirmed.

“Now, we can truly say that we united, we acted, and we delivered. Friends, here let me sound a word of caution. An agreement is only as good as its implementation. We are what we do, not what we say. We must take the steps necessary to turn this agreement into tangible action. If we unite in action, we can have a profoundly positive effect on all our futures.

“And I mean all our futures. Because inclusivity has been the beating heart of this conference. It kept us going during the difficult days. You never gave up on the process, a process that was driven by solidarity, transparency and a willingness to listen. And everyone has been heard, from indigenous peoples, to global youth, to the Global South. As a result, we have delivered a paradigm shift that has the potential to redefine our economies.”

“We have reframed the conversation around climate finance. We have integrated the real economy into climate action. And we have moved to a new mindset, where solutions to the climate challenge become the drivers of a new economic age.

“It has been a personal privilege for me to have the opportunity to guide this conference. I am humbled by the commitment I have seen and the unwavering efforts I have witnessed. I would like to express my deepest gratitude to all who made this happen. To every country who came and made this COP a success, I say thank you. To every single participant, everyone I met in this special place, I say thank you. You have come in record numbers, you care deeply about the future of this wonderful planet… and so do I. And to you, the delegates, who met me at 4 and 5 am, I also say thank you. And allow me to take this opportunity to express my deepest respect and gratitude to President His Highness Sheikh Mohamed bin Zayed Al Nahyan. I am deeply grateful for his confidence, guidance and constant support. I hope we made you proud.”

The COP28 President noted that the UAE has shown that it can deliver on the global stage for the benefit of the planet and its people.

“We have helped restore faith and trust in multilateralism,” he said. “And we have shown that humanity can come together to help humanity. Our task was to build on the foundations that others have laid for us. And I tell you, what we have built together will stand the test of time. Future generations may not know your names, but they will owe every single one of you a debt of gratitude.

“We leave Dubai with our heads held high. And our work goes on. In unity and solidarity, we will walk the new path that the UAE Consensus has set for the world. Together, we will follow our North Star. We will follow it from here to Baku and from Baku to Belem. And together, we will secure the future of this beautiful planet for the many generations to come.”

“And let me finish by saying this. I hope that the spirit of partnership, inclusivity and peace that has welcomed you here in the UAE goes with you from this place, and lives on for the good of all humanity,” Dr. Al Jaber said, in conclusion.

ALSO READ: COP28 Raises Bar For Climate Action

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‘Efforts to Solution’: Sadhguru Hails COP28 UAE

Highlighting key aspects of COP28 this year, Sadhguru acknowledged the significant announcement by UAE Minister of Climate Change and Environment, regarding the sustainable agriculture declaration.

Jaggi Vasudev, popularly known as Sadhguru – the founder and head of the non-profit “Isha Foundation”, stated that the 28th Conference of the Parties (COP28) is an “effort to move the world towards a solution”.

“When we talk about moving towards the solution, this is the way human beings do things. First, we think about it; then, we talk about it; then we agree and disagree upon many things, at least what we agree upon,” Sadhguru said in a statement to the Emirates News Agency (WAM) during COP28.

Highlighting key aspects of COP28 this year, Sadhguru acknowledged the significant announcement by Mariam bint Mohammed Saeed Hareb Almheiri, Minister of Climate Change and Environment, regarding the sustainable agriculture declaration. “This is something that I am pushing for the last three decades, that soil should become an important part because the soil is not another substance,” he noted.

Sadhguru noted the recent climate action focus on soil, especially considering that over 62% of the world’s population is engaged in various forms of agriculture. Redirecting funding toward soil and agriculture, he emphasised, would contribute to solving the problem of poverty on Earth.

He underlined the necessity for countries to invest in tree-based agriculture, which would naturally and sustainably sequester vast amounts of carbon, aiding in achieving net-zero carbon emissions.

Named one of India’s 50 most influential people, Sadhguru is a yoga practitioner and an active participant in global forums addressing social and economic development and leadership issues. He has launched multiple projects focusing on social upliftment, education, and the environment.

ALSO READ: COP28: Arab League Launches Three Novel Climate Initiatives

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Arab News Environment UAE News

COP28: Arab League Launches Three Novel Climate Initiatives

Dr. Mahmoud Fathallah, Director of the Arab League’s Department of Environmental Affairs and Meteorology and Head of Pavilion said the Arab region is facing a major challenge: desertification.

Inaugurating its debut at a UN Climate Change Conference, the League of Arab States Pavilion at COP28 has introduced three novel climate initiatives: the circular economy, nature-based solutions, and biodiversity.

Dr. Mahmoud Fathallah, Director of the Arab League’s Department of Environmental Affairs and Meteorology and Head of Pavilion, made this announcement in a statement to the Emirates News Agency (WAM). He described desertification, drought, and food security as the most prominent challenges resulting from climate change in the Arab region.

Looking ahead to future cooperation on climate issues within the Arab world, Fathallah announced that the next meeting of the Council of Arab Ministers Responsible for the Environment, scheduled for October 2024, will focus on participation in the 16th session of the Conference of the Parties to the UN Convention to Combat Desertification (UNCCD COP 16), set to take place in Saudi Arabia in December 2024.

He said the Arab region is facing a major challenge: desertification. This environmental phenomenon has already impacted an area of approximately 9 million square kilometres, representing a staggering 68% of the total landmass in Arab countries. The Maghreb region in Africa bears the brunt of this issue, with over half (53.4%) of its land affected by desertification. Additionally, a further 3.6 million square kilometres are considered at risk, according to the Joint Arab Economic Report 2022.

He added that Arab countries will be convening in Riyadh, Saudi Arabia, for preparatory meetings in advance of the sixth session of the United Nations Environment Assembly (UNEA-6). Scheduled for February 26th to March 1st, 2024, in Nairobi, Kenya, UNEA-6 presents a crucial opportunity for international collaboration on environmental issues.

He stated that specialised Arab organisations, acting as the technical arm of the League of Arab States, are playing a vital role in this fight. They are actively involved in preparing studies and reports on desertification and the Convention on Biological Diversity. The Arab Organisation for Agricultural Development (AOAD), in particular, is dedicated to equipping Arab experts with the knowledge and skills needed to address these pressing environmental concerns.

Fathallah stated that the AOAD, in cooperation with the League of Arab States, held a high-level regional dialogue on the sidelines of its participation in COP28 under the title “Addressing the interrelated challenges of climate change, peace and food security in the Arab region with a focus on fragile societies and countries in conflict.”

He pointed out that the dialogue made it clear that the Arab region is the most water-scarce and the most dependent on food imports in the world, with high rates of malnutrition in the region, noting that the overexploitation of the region’s resources has led to a severe deterioration in ecosystems.

Fathallah stated that the Arab countries have approved national programmes and policies that have been integrated into their development programmes to mitigate the effects of climate change and adaptation plans.

ALSO READ: Talks on Fossil Fuels Heat Up at COP28

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Commonwealth Raises $320M in Climate Finance

Commonwealth has raised more than US$320 million in climate finance for small countries, in addition to another US$500 million that is in the pipeline.

UnniKrishnan Divakaran Nair, Head of Climate Change at the Commonwealth Secretariat, said that climate finance is essential to boost investments in low-carbon development and the ability of at-risk countries to mitigate the repercussions of climate change.

He pointed out that the Commonwealth has raised more than US$320 million in climate finance for small countries, in addition to another US$500 million that is in the pipeline.

The Commonwealth official told the Emirates News Agency (WAM) on the sidelines of the 28th United Nations Conference of the Parties (COP28) in Dubai that this current edition of COP was able to provide an opportunity for multilateral work and a platform for communication between stakeholders to advance global climate action.

He mentioned the establishment of the Commonwealth Climate Finance Access Hub (CCFAH), which is a mandate for the Commonwealth Secretariat to unlock financial support to developing countries, and a confirmation of the commitment of the 56 Commonwealth member states to move forward in addressing climate change.

The Commonwealth official pointed to the initiative to provide the necessary training to build the capacities of nearly 2,500 officials from the organisation’s member states, and to provide the necessary research and statistics to gain a deeper understanding of the issue of climate change, in addition to implementing the Commonwealth Charter, which is in line with the United Nations’ commitments to address climate change, desertification, and biodiversity,

He called for the exchange of solutions between Commonwealth member states and to promote new and renewable energy projects.

ALSO READ: ‘Efforts to Solution’: Sadhguru Hails COP28 UAE

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-Top News Environment India News

Climate Action Rooted in Equity, Justice: India at COP28

At COP28 climate conference, India’s Minister for Environment, Forest and Climate Change, Bhupender Yadav says equity, justice must be the basis for global climate action, reports by Vishal Gulati

Stating that India has achieved 40 per cent of electric installed capacity through non-fossil fuel sources, nine years ahead of the 2030 target, Union Minister for Environment, Forest and Climate Change, Bhupender Yadav, said on Saturday that “equity and climate justice must be the basis for global climate action and the developed countries should take the lead”.

Delivering India’s national statement at the United Nations Climate Change Conference (COP28) here, Yadav said, “As we gather here, India looks forward to the global stocktake’s outcomes and hope they will provide meaningful and relevant inputs for deciding on enhanced climate action.

“The resource mobilisation under the new collective quantified goal must be guided by the needs and requirements of the developing countries.

“India firmly believes that equity and climate justice must be the basis for global climate action. This can be ensured only when the developed countries take the lead in ambitious climate action.”

Stating that it is of paramount importance to repose the trust and confidence in the principles and processes of the convention and its Paris Agreement, the minister said, “Let us all reaffirm our commitment to work together for the common objective for greener, cleaner and healthier planet as we have one earth, we are one family and share one future.

Expressing gratitude to the UAE government for hosting the climate talks, Yadav said India also congratulates the COP28 Presidency for steering this COP (conference of parties) as the “COP for action”, which became evident on the very first day with the successful operationalisation of the ‘Loss and Damage Fund’.

India has been at the forefront of supporting action-oriented steps at the global level in response to climate change.

“We have always held the view that people and planet are inseparable and human wellbeing and nature are intrinsically linked,” he stressed.

“The call given to the global community by Prime Minister Narendra Modi to join Mission LiFE — Lifestyle for Environment — bears testimony to India’s action-oriented approach.

“Furthering the ideals of Mission LiFE, India launched the Green Credit Initiative at COP28 on December 1 to create a participatory global platform for exchange of innovative environmental programmes and instruments.

“Earlier this year, we saw the historic adoption of the Green Development Pact by the G20 nations as part of the New Delhi Declaration,” Yadav said.

The Union minister also said that India has now finalised its third national communication based on GHG (greenhouse gas) inventory of 2019 along with initial adaptation communication.

“It underscores our consistent contribution towards climate action while also prioritising the development and well-being of our people,” he said.

To decouple economic growth from greenhouse gas emissions, he said, India has successfully reduced the emission intensity vis-a-vis its GDP by 33 per cent between 2005 and 2019, thus achieving the initial NDC target for 2030, 11 years ahead of the scheduled time.

“India has also achieved 40 per cent of electric installed capacity through non-fossil fuel sources, nine years ahead of the 2030 target. Between 2017 and 2023, India has added around 100 GW of installed electric capacity, of which around 80 per cent is attributed to non-fossil fuel-based resources.

“We have, therefore, revised our NDCs (nationally determined contributions) upwards, indicating our deep commitment towards enhanced climate action,” Yadav said.

In addition to its domestic initiatives, India’s contribution to climate action has been significant through its international efforts such as International Solar Alliance (ISA), Coalition for Disaster Resilient Infrastructure (CDRI), creation of LeadIT, Infrastructure for Resilient Island States (IRIS) and the Big Cat Alliance.

“The Global Biofuel Alliance, launched when the G20 leaders met in Delhi earlier this year, seeks to serve as a catalytic platform fostering global collaboration for advancement and widespread adoption of biofuels,” he added.

ALSO READ: Stop Fighting, Focus on Climate Justice, Children’s Plea to COP28

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Global Leaders Overlooking Early Climate Warnings: King Charles

The King told delegates that the “hope of the world” rested on decisions taken at the climate summit.

King Charles III of the UK told the Conference of Parties (COP) 28 Summit in Dubai on Friday that global leaders were ignoring the early warning signals of the climate crisis, adding the world is heading for “dangerous uncharted territory” with devastating consequences for lives and livelihoods.

Delivering an opening address to the COP28 Summit, King Charles said: “With all my heart I say that COP28 will be a critical turning point towards genuine transformational action.

“Some important progress has been made but it worries me greatly that we remain so dreadfully far off track,” he said.

He further said: “We are taking the natural world outside balanced norms and limits and into dangerous uncharted territory.”

Conspicuous by their absence were US President Joe Biden and Chinese President Xi Jinping.

The King told delegates that the “hope of the world” rested on decisions taken at the summit.

“We are carrying out a vast, frightening experiment of changing every ecological condition all at once at a pace that far outstrips nature’s ability to cope,” he said.

The King called for a series of measures, including a ramp-up of public and private finance, to tackle the climate crisis and rapidly increase renewable energy, media reports said.

“In 2050, our grandchildren won’t be asking what we said, they will be living with the consequences of what we did or didn’t do,” he said, adding: “The Earth does not belong to us, we belong to the Earth.”

World leaders including India’s Prime Minister Narendra Modi, Brazil’s President Lula Da Silva and UK Prime Minister Rishi Sunak addressed delegates Friday at the talks in Dubai.

ALSO READ: Historic Loss & Damage Fund Agreed at COP28

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Botswana signs UN pact to protect people against climate change

Botswana is currently grappling with new health challenges brought about by the effects of climate change…reports Asian Lite News

Botswana has signed the United Nations Framework Convention on Climate Change to show commitment toward building a resistant health system.

Botswana is currently grappling with new health challenges brought about by the effects of climate change, which include the increase and prevalence of climate-related diseases and conditions, said Edwin Dikoloti, Botswana’s minister of health and wellness, at the signing ceremony in Gaborone, the capital of Botswana, on Friday.

According to Dikoloti, the framework’s goal is to increase the climate resilience of health systems to protect and improve the health of communities in an unstable and changing climate, while optimizing the use of resources and implementing strategies to reduce greenhouse gas emissions.

“We have, therefore, decided to publicly make binding commitments to ensuring that our people are protected from health threats that may come their way due to environmental degradation,” he said.

ALSO READ-Botswana all set for U.S.-Africa Business Summit

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COP28 Chief Urges Enhanced Adaptation Finance

Dr. Sultan bin Ahmed Al Jaber’s remarks came during the third Climate and Development Ministerial, which was convened at Pre-COP, and co-hosted by the United Kingdom, Vanuatu and Malawi….reports Asian Lite News

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, has called for greater efforts to tackle adaptation finance gaps and prioritise actions to make climate finance more accessible to vulnerable nations.

His remarks came during the third Climate and Development Ministerial, which was convened at Pre-COP, and co-hosted by the United Kingdom, Vanuatu and Malawi.

“People and the planet lie at the heart of the climate process- which is focused on protecting lives, livelihoods and nature,” Dr Sultan said.

Addressing delegates, Dr. Sultan said, “To guarantee an inclusive and equitable transition to low-carbon and resilient growth, the voices of emerging and developing countries must not go unheard. COP28 must leverage an adequate response to the Global Stocktake and set out a pathway to fill the financing gaps and address shortcomings in the global climate finance architecture.”

Co-hosts the United Kingdom stressed the need to support the most vulnerable. Graham Stuart, UK Minister of State for Energy Security and Net Zero, said, “The UK is determined to deliver on its ambitious climate commitments while supporting those most at risk from the impacts of climate change – represented by our $2 billion contribution to the Green Climate Fund earlier this year.

“These pre-COP discussions are key to shaping the agenda for COP28. Together with our international partners, we will delve into the challenges and opportunities involved in our mission to reduce CO2 and help the most vulnerable countries adapt to climate change. We’ll hear different perspectives on the global effort to keep 1.5°C within reach and encourage every nation to join the UK on a pathway to net zero.”

The importance of the Ministerial was highlighted by the Vanuatu Minister of Climate Change Adaptation, Energy, Environment, Meteorology, Geohazards and Disasters Management, Hon. Ralph Regenvanu. He said, “As we gather today, the people of Vanuatu are right now facing a landscape destroyed by Cyclone Lola that hit just days ago. Climate impacts are growing daily in the Pacific Islands as the cause of the crisis continues unabated.”

“Adaptation and resilience initiatives are a last line of defence, literally saving lives in Vanuatu, by minimising the impacts of the worsening climate crisis. Yet, Small Island Developing States struggle to access the funding we need to support the adaptation plans and programs that are so desperately required in our island communities. We stand side-by-side with our co-hosts to ensure the 2023 Climate and Development Ministerial delivers real change. We call on all countries and institutes to bring transformative ambition to this process.”

This view was backed up by the Malawi Minister for Natural Resources and Climate Change, Hon. Dr. Michael Usi. He said, “Least Developed Countries are among the world’s most vulnerable countries to the impacts of climate change, yet have done the least to contribute to the problem.”

“For years we have been calling for improved access and delivery of Climate finance, and more at the local level. This will enable local communities and countries to adapt to climate change and build resilience. We are proud to co-host the Climate and Development Ministerial process this year to drive forward the transformational shift we need in the delivery of the climate finance.”

At the Ministerial – which was started in 2021 to unite and lend support to climate vulnerable countries – Dr. Al Jaber emphasised that dealing with adaptation finance is a fundamental aspect of climate finance reform. Finance, he said, needs to be affordable, available and accessible. It is also one of the four pillars of the COP28 Presidency’s Action Agenda, alongside fast tracking the energy transition, nature, lives and livelihood, and inclusivity.

Dr. Al Jaber said the COP28 Presidency is also working on improving conditions for the most vulnerable countries by reallocating and channelling Special Drawing Rights (SDRs), a financial instrument allocated by the International Monetary Fund (IMF), to the Resilience and Sustainability Trust to address debt sustainability and create fiscal space for resilience investment.

He also highlighted the efforts made by the UAE, including the recent pledge of US$4.5 billion to support clean energy initiatives at the Africa Climate Summit, with the aim of promoting green growth on the continent.

“We are working on all fronts. But we do not have all the answers and there is much to be done,” he said.

Later during the day, in his closing remarks, he commended the countries and institutions nominated to co-lead the delivery of the Vision and Actions for Adaptation Finance, considering it an important milestone ahead of COP28 to prioritise the countries most vulnerable to the impact of climate change.

ALSO READ: UAE President Congratulates Erdogan on Turkey’s Centennial