Sunday, September 8, 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

Motorcycle sales tumble to seven-year low

Mahfuz Ullah Babu Rising costs, consumers’ weakening purchasing capacity, and adverse policy treatments blamed The hope of manufacturers for a scaled-up motorcycle market – to reach a million units a year by 2027 – now seems to be fading away. The economic slowdown, coupled with a sharp rise in costs and selling prices, has instead ... Read more

Metro rail to begin operations on Fridays too

News Desk : dhakamirror.com The Dhaka Mass Transit Company Limited (DMTCL) is set to launch metro rail services on Fridays soon. Currently, the services are closed on Fridays. MAN Siddique, managing director of Dhaka Mass Transit Company Limited, told media on Monday that the company started preparatory work on the day to start services on ... Read more

Academic activities in all public universities in Bangladesh remain stalled

Shahin Akhter Amid the academic activities coming to a near halt in most public universities triggered by a wave of resignation from top officials, the Secondary and Higher Education Division on Thursday in an order asked the universities tackling the situation to allow a senior teacher to carry out the administrative and finance related tasks ... Read more

Sundarbans to reopen for fishers, tourists from Sept 1

News Desk : dhakamirror.com After nearly three months of closure, the Forest Department will reopen the Sundarbans, the world’s largest mangrove forest and a UNESCO world heritage site from September 1 (Sunday). From that day, fishermen and tourists will be able to enter the world’s largest mangrove forest after obtaining a permit from the Department ... Read more

Govt decreases fuel prices

News Desk : dhakamirror.com The government reduced octane and petrol prices by Tk6 per litre, according to a press release by the Ministry of Power, Energy and Mineral Resources issued today (31 August). Meanwhile, the price of diesel has been reduced by Tk1.25 per litre. Starting tomorrow (1 September), the new price for octane will ... Read more

All educational institutions to reopen on 18 August

News Desk : dhakamirror.com All educational institutions under the education ministry have been instructed to resume academic activities from Sunday, August 18, 2024. The announcement was made through an office order issued by the ministry on Thursday. The order said that following the approval of the chief adviser the educational institutions were instructed to take ... Read more

Interim govt led by Dr Yunus sworn in

News Desk : dhakamirror.com Nobel Peace Prize winner and globally acclaimed economist Professor Muhammad Yunus was sworn-in as the chief adviser to the interim government of Bangladesh Thursday evening (8 August). President Mohammed Shahabuddin administered the oath of office to the 17-member interim government. Leaders of various political parties including BNP, Jamaat-e-Islami, Jatiyo Party, Krishak ... Read more

Dr Yunus to lead the interim government

News Desk : dhakamirror.com Nobel laureate Prof Muhammad Yunus will be the chief adviser of the interim government, said a press release of Bangabhaban yesterday. The decision came after a meeting on the formation of the interim government between key organisers of the anti-discriminatory movement and President Mohammed Shahabuddin. The heads of the three armed ... Read more

Mainul Islam made new IGP

News Desk : dhakamirror.com The government on Tuesday appointed Traffic and Driving School commandant Md Moinul Islam as the new inspector general of police. Public Security Division of the home ministry issued a gazette notification in this regard on Tuesday. The decision came a day after the fall of Sheikh Hasina government amid mass uprising ... Read more

Curfew to end on Tuesday morning; all offices, educational institutions set to open

News Desk : dhakamirror.com An ongoing curfew will be in effect from Monday midnight until 6am on Tuesday, according to the Inter-Services Public Relations Directorate. Starting Tuesday morning, all government, semi-government, autonomous, semi-autonomous, private institutions, factories, schools, colleges, madrasas, universities and all educational institutions in Bangladesh will remain open, a press release of the ISPR ... Read more

Internet likely to face disruption for 12 hours today

News Desk : dhakamirror.com Internet connectivity in Bangladesh will face partial disruption for 12 hours from this morning because of maintenance of 1st submarine cable, said Bangladesh Submarine Cables PLC (BSCPLC) in a press release. The statement said from 6:01 am to 6:00 pm, the consortium has scheduled maintenance for a land cable fault near ... Read more

Chess Grandmaster Ziaur Rahman passes away

News Desk : dhakamirror.com Bangladesh Grandmaster Ziaur Rahman passed away at a hospital in the city after suffering a heart attack during the 12th round game of the ongoing National Chess Championship at the Chess Federation on Friday. Zia bhai is no more. He breathed his last at around 6:00pm at Ibrahim Cardiac Hospital,’ confirmed ... Read more

Ending GPA-5 era, SSC results to be published with English letter grades

News Desk : dhakamirror.com The Secondary School Certificate (SSC) exams will no longer be evaluated under the Grade Point Average 1-5 scale but rather be graded with English letters. A meeting of the National Curriculum Coordination Committee with the Education Minister Mohibul Hasan Chowdhury approved the new evaluation framework on Monday (1 July). “There are ... Read more

Over 1.04 crore animals sacrificed on Eid-ul-Adha this year

News Desk : dhakamirror.com A total of 1,04,08,918 animals were sacrificed across the country on the occasion of the holy Eid-ul-Azha this year. As many as 3, 67, 106 more animals were slaughtered this year compared to previous year, the Ministry of Fisheries and Livestock said in a press release on Tuesday. This year the ... Read more

9am-5pm office time to resume from Wednesday

News Desk : dhakamirror.com The public offices across Bangladesh are set to go back to old office timing from 9:00am to 5:00pm with Fridays and Saturdays being the weekly holidays as usual from Wednesday. The cabinet in its weekly meeting on June 3 decided restoring the old office timing between 9:00am and 5:00pm on weekdays ... Read more

5 magnitude earthquake jolts parts of Bangladesh

News Desk : dhakamirror.com A magnitude 5 earthquake jolted a large part of the country on Sunday (2 June) afternoon., including Dhaka. The quake struck at 2:44pm from a depth of about 110km, according to the Bangladesh Meteorological Department, and was centred in the Mawlaik area of Myanmar, 441 km southeast of Dhaka. The quake ... Read more

Over 2cr to be fed as daylong Vitamin ‘A’ plus campaign begins

News Desk : dhakamirror.com The National Vitamin A-plus campaign is being conducted with a target to feed the capsules to over 2.22 crore children, aged between six months and 59 months. The campaign started at 8am on Saturday (June 1) and will continue till 4pm. Feeding Vitamin A capsules prevents blindness in children, ensures normal ... Read more

Postponed notice fake, HSC exams on June 30 as per schedule

News Desk : dhakamirror.com The Higher Secondary Certificate (HSC) and equivalent exams will be held on time as per previous announcement, beginning on 30 June. The routine deferring the exams for a month that is making rounds in social media, is fake, the Board of Intermediate and Secondary Education, Dhaka said on Saturday. A circular ... Read more

3 month-long ban on fishing, tourism in Sundarbans begins

News Desk : dhakamirror.com The forest department has imposed this three-month ban on fishing and tourism in the Sundarbans. Local communities, including fishermen, wood and honey collectors, who depend on the Sundarbans for their livelihoods, are concerned about a three-month ban on all activities in the forest starting Saturday. The restriction applies to visitors, including ... Read more

Appellate Division upholds HC verdict on DU teacher Samia’s demotion

News Desk : dhakamirror.com The Appellate Division today (26 May) upheld the judgement of the High Court which declared illegal the demotion order of Dhaka University faculty Samia Rahman on charges of plagiarism. A four-member appellate bench headed by senior judge M Enayetur Rahim of the Appellate Division rejected the appeal of DU as invalid. ... Read more