Tarek El Molla, the Minister of Petroleum & Mineral Resources, has expressed his optimism about the forthcoming 28th Conference of the Parties on Climate Change (COP 28), set to be hosted by the UAE from November 30th to December 12th, 2023. El Molla believes this event will serve as a fresh opportunity to unite global endeavors aimed at reducing carbon emissions.
In his statement to the Emirates News Agency (WAM), El Molla commended the UAE’s successful selection as the host for COP28. He emphasized the considerable efforts and preparations undertaken thus far, reflecting a strong commitment to organizing an exceptional summit. He noted that COP28 aims to build upon the achievements of COP27, which Egypt hosted last November in Sharm El Sheikh, demonstrating the two summits’ shared dedication to addressing climate effects on people.
El Molla underscored the role of new renewable energy technology as a solution for combatting emissions that adversely impact biological diversity and natural ecosystems. He stressed the importance of global participation in dialogues and actions, along with increased investments in transitioning to clean energy to curtail emissions.
The minister highlighted the significance of COP27’s recognition of the need to boost participation and investments, emphasizing the importance of inclusive dialogue to protect the environment and raise awareness of climate change’s environmental consequences and their effects on present and future generations.
El Molla pointed out that Egypt has presented clear visions regarding the transition to clean energy and the environmental and economic benefits that can be achieved through such efforts. He noted that Egypt has already applied these principles in its oil and gas sector, resulting in multiple environmental and economic gains, particularly in projects aimed at recovering flare gas and reducing emissions.
He called for collaborative efforts and cooperation among all parties to advance climate action, ensuring a sustainable future. COP28 is expected to feature the first global stocktake, measuring the progress made by governments in implementing climate action plans to combat global warming and prioritize environmental issues over two years.