Tuesday, November 5, 2024

COP28 presidency releases ambitious, inclusive plan to fast-track the energy transition and supercharge climate finance

News Desk : dhakamirror.com

News President-Designate Dr Sultan Al Jaber has called on governments, industry, and all stakeholders to “disrupt business as usual” and take decisive action to tackle the climate crisis.

Speaking at the Ministerial on Climate Action in Brussels, which brings together the environment ministers of the European Union, Canada, and China, Dr Al Jaber said it was time to challenge old models built for the last century and break down silos in industries and governments that slow down progress to a low carbon economy.

In his speech, Dr Al Jaber outlined a wide-ranging plan for COP28 that focuses on four pillars: fast-tracking the energy transition, fixing climate finance, focusing on adaptation to protect lives and livelihoods, and underpinning everything with full inclusivity.

“We need to bridge divides that are blocking critical breakthroughs,” said Dr Al Jaber as he outlined his plan of action for this year’s UN climate conference in the UAE. “This plan is guided by a single north star. And that is keeping 1.5 within reach.”

The plan includes tripling renewable energy capacity by 2030, deploying technologies for hard-to-abate industries and launching critical dialogues with multinational organisations.

Dr Al Jaber made critical calls to action and highlighted key efforts already underway:

• He urged the world to accelerate the “inevitable” and “essential” phase down of fossil fuels, calling for the tripling of renewable energy output to 11,000 gigawatts, the doubling of energy efficiency measures, and the doubling of hydrogen production to 180M tons per year by 2030. He also called on NOCs and IOCs to zero out methane missions by 2030.

• He called for a “comprehensive transformation” of climate finance instead of “piecemeal reform.” There should be a special focus on supporting “climate-positive development” across the Global South, to ensure that developing nations can have access to affordable and available climate finance to drive a just transition.

• The COP28 Presidency is already working with the IMF, the World Bank and GFANZ to unlock the power of the capital markets, standardize voluntary carbon markets and incentivise private capital and finance.

• To help the world’s most vulnerable withstand the impact of climate change, Dr. Al Jaber called on donors to double adaptation finance by 2025, emphasizing the urgency for donor country governments to honor their commitments and close out the $100 billion pledge this year.

• Putting lives and livelihoods at the heart of the climate process, he shared his intention to advance the world’s focus on nature, food, health and resilience as part of a robust framework for the Global Goal on Adaptation.

• He called on governments to integrate National Food System Transformation plans into both their NDCs and National Adaptation plans, and to participate in the first climate-health ministerial at COP28, on what will be the first day devoted to health at a COP. COP28 is currently partnering to convene this with the WHO, together with Germany, Kenya, the UK, Egypt, Brazil and Fiji.

• This COP28 will be the most inclusive yet, featuring the largest ever youth climate delegate program and a pavilion for Indigenous Peoples, to tap into their concerns and wisdom as they protect 80% of the world’s biodiversity.

• Dr. Al Jaber underscored the need to break down the silos between traditional and emerging energy sectors, announcing the launch of a series of integrated dialogues between the IEA, UNFCCC, and IRENA where specific actions on fast-tracking the energy transition can be agreed. The first meeting is in Goa at the G20 Clean Energy Ministerial later this month.

Pointing to the expected findings of the Global Stocktake on climate change, which will be published later this year, he said the world had to “unite, act and deliver” to solve the

climate crisis. He called on all stakeholders to “partner around this shared opportunity.” Dr. Al Jaber said: “Let’s mobilize to deliver supercharged solutions and ambitious outcomes. And let’s restore hope through unity and collective action.” – Press release

Related News

Ijtema scheduled for two phases from January 31 to February 9: home adviser

News Desk : dhakamirror.com Bishwa Ijtema is set to take place in two phases from January 31 to February 9 next year, as announced today by Home Affairs Adviser Lt Gen (retd) Jahangir Alam Chowdhury. The first phase will be held from January 31 to February 2, with the second phase from February 7 to ... Read more

Bangladesh sent 9.3 lakh workers abroad since Jan

BSS With sincere efforts by different stakeholders, especially the government, Bangladesh sent abroad 9.3 lakh workers with jobs from January to 2 November this year. “The trend of overseas employment is satisfactory so far and we are expecting to send more remittance senders with jobs this year,” Director of Bureau of Manpower Employment and Training ... Read more

Policymakers unaware of people’s struggles as they don’t rely on public transport, says Road Safety Foundation

News Desk : dhakamirror.com Those responsible for public transport policymaking in the country do not use public transport in the capital, so they do not understand the sufferings people endure, Road Safety Foundation (RSF) Chairman AI Mahbub Uddin Ahmed said today (2 November). The chairman of the Road Safety Foundation (RSF), AI Mahbub Uddin Ahmed, ... Read more

Job aspirants can now try 4 times for BCS exam

News Desk : dhakamirror.com From now a job seekers will be able to sit for Bangladesh Civil Service (BCS) examinations up to a maximum of four times. This decision was taken at a meeting of the advisory council chaired by chief adviser Dr Mohammad Yunus at his office on Thursday, said a press release from ... Read more

Load-shedding surpasses 1,500MW as Adani reduces generation

News Desk : dhakamirror.com Load shedding exceeded 1,500MW on Friday after yet another power producer, the Adani power limited, cut its production due to non-payment of bills. Grappling with a dollar crisis for more than two years, Bangladesh’s dues to power plants jumped to over Tk 43,000 crore in July. Adani’s outstanding bill stood at ... Read more

DU-affiliated 7-college students block Science Laboratory for 2nd consecutive day

News Desk : dhakamirror.com Students of seven colleges affiliated with Dhaka University (DU) have blocked the Science Lab intersection in the capital on Wednesday for the second consecutive day to press home their demand for a separate autonomous university. They blocked the crossing at about 11:00am halting vehicular movement. Students of the seven colleges — ... Read more

Madrasa student drowns in Cox’s Bazar

News Desk : dhakamirror.com A madrasa student drowned near the beach in Cox’s Bazar around 12:30pm today (26 October). The incident happened at Sugandha Point, confirmed Executive Magistrate of Tourism Division of Cox’s Bazar district administration Md Tanvir Hossain. The deceased has been identified as Mahmudur Rahman, son of Didarul Alam from Banglabazar area under ... Read more

Cyclone Dana turns into land depression

News Desk : dhakamirror.com Cyclone “Dana” over North Odisha and adjoining area moved and weakened North-Northwestwards and now lies over the same area as a land depression. It is likely to move West-Northwestwards further and weaken gradually and will become insignificant, said a Met office bulletin on Saturday, reports UNB. “Light to moderate rain or ... Read more

Maximum entry age for public jobs to be 32

News Desk : dhakamirror.com The government has approved raising the maximum age for applying for public service jobs to 32 years. This decision was made at a meeting of the interim government’s advisory council, said a press release issued by the Cabinet Division today. The current age threshold is 30, and 32 for children of ... Read more

Cyclone Dana heads towards India

News Desk : dhakamirror.com Skies remained overcast all over Bangladesh amidst light to heavy rains accompanied by gusts as the cyclonic storm Dana barreled down the Bay of Bengal towards the Indian coast between Odisha and West Bengal on Wednesday. Forecasters said that Bangladesh has little to worry about as the cyclone was moving away ... Read more

Gold price crosses Tk 1.4 lakh per bhori

News Desk : dhakamirror.com The Bangladesh Jewellers Association (Bajus) today (19 October) increased the price of gold by Tk2,613 per bhori, followed by a price hike in the local bullion market. According to a Bajus statement, 22-carat gold will now cost Tk1,40,061 per bhori (11.664 grams). The new rate will be effective from tomorrow (20 ... Read more

Low pressure likely to form in Bay on Tuesday: BMD

News Desk : dhakamirror.com A low pressure is likely to form over the central Bay of Bengal around Tuesday, Bangladesh Meteorological Department (BMD) said today. In its latest weather bulletin, BMD said rain or thundershowers accompanied by temporary gusty wind is likely to occur at a few places over Khulna, Barishal and Sylhet divisions and ... Read more

Interim govt approves 11-day Eid-ul-Fitr, Eid-ul-Azha holidays, 2-day for Durga Puja

News Desk : dhakamirror.com The interim government today extended the Eid-ul-Fitr holidays to five days, Eid-ul-Azha holidays to six days and Sharadiya Durga Puja holidays to two days for 2025, according to the Chief Adviser’s Office. Currently, there are three-day public holidays for each Eid and one day for Durga Puja. The list of public ... Read more

Two entire families lost to a road accident in Pirojpur

News Desk : dhakamirror.com At least eight people from two families, including four children, died after a private car plunged into a roadside canal in Pirojpur early today. The deceased are Shawon, 32, his wife Amina, 25, their two children Sahadat, 7, and Abdullah, 3, from Bhaijhora village of Pirojpur’s Nazirpur upazila and Motaleb Sheikh, ... Read more

Italian embassy to resolve 20,000 visa applications by December: Foreign adviser

News Desk : dhakamirror.com Foreign Affairs Adviser Md Touhid Hossain on Tuesday said that the Italian Embassy in Dhaka will clear 20,000 visa applications by December as many visa applications had been pending for a long time. “Twenty thousand visa cases have been cleared from Rome. [However] Progress in issuing those visas is very slow. ... Read more

Prof Mobasser Monem appointed as new PSC Chairman

News Desk : dhakamirror.com The government has appointed Dr Mobasser Monem, a Professor of Governance and Public Management at the University of Dhaka, as the new Chairman of the Bangladesh Public Service Commission (BPSC). Along with Professor Monem, four others have been appointed as members of the BPSC. The four members are– Md Suzayet Ullah, ... Read more

Govt urges IOM to evacuate Bangladeshis

News Desk : dhakamirror.com Dhaka has requested the International Organisation for Migration to arrange chartered flights to bring back Bangladeshis willing to leave Lebanon amid airstrikes by Israel on the West Asian country. ‘We have requested the IOM to arrange flights to evacuate Bangladeshis willing to leave Lebanon. But Beirut’s airport is currently unsafe for ... Read more

Flood puts hundreds at risk of starvation

Emran Hossain The ongoing flash flooding puts hundreds of farmer families at immediate risk of starvation in Sherpur district, washing away the rice they stored from the previous harvest and also destroying the standing paddy fields. The divisional office of the Department of Agricultural Extension estimated that the flood affected 97,000 hectares of standing aman ... Read more

Price hikes strain people

Moinul Haque The soaring prices of essential commodities, including rice, vegetables, eggs and broiler chicken, put increasing pressure on the low-income people, pushing them further to the wall. Market analysts have expressed concerns over the unusual spiralling of prices of the essentials, criticising the interim government for its failure to take timely action to protect ... Read more

Four days Durga Puja holiday starting from Thursday

News Desk : dhakamirror.com Bangladesh’s interim government has announced an additional public holiday on Thursday, October 10, for Durga Puja, the largest religious celebration of the Hindu community in Bangladesh, says a press release. During a press conference held on Wednesday at the Dhakeshwari Temple in Dhaka, Mahfuj Alam, special assistant to chief adviser, made ... Read more