Saudi Red Sea Global to showcase tourisms environmental role at COP28
UAE ruler Sheikh Mohamed Bin Zayed Al-Nahyan has made an exciting announcement during the United Nations climate conference in Dubai. The UAE has established a $30 billion fund for global climate solutions. This fund aims to bridge the climate finance gap and stimulate $250 billion of investment by 2030. Sheikh Mohamed emphasized the countrys commitment to climate action, including achieving net-zero emissions by 2050 and a 40% reduction in emissions by 2030. The UAE has already invested $100 billion in financing climate action and plans to invest an additional $130 billion over the next seven years. The establishment of this climate fund showcases the UAEs dedication to accelerating the worlds transition to a low-emission economy.
Source: Arabian News https://www.arabnews.com/node/2418301/business-economy
The United Nations climate conference in Dubai is currently underway, and more than 130 world leaders are set to address the conference over the next two days. The high-level segment of COP28 will feature national statements from heads of states and governments, including UAE President Sheikh Mohamed Bin Zayed Al-Nahyan, Egyptian President Abdel Fattah El-Sisi, Jordans King Abdullah, Qatars ruler Sheikh Tamim bin Hamad Al-Thani, Palestinian President Mahmoud Abbas, and Turkish President Recep Tayyip Erdogan. These leaders will use this platform to share their countries efforts and commitments to combat climate change.
Source: Arabian News https://www.arabnews.com/node/2418301/business-economy
Brazils former President Luiz Inacio Lula da Silva made a passionate speech at the COP28 UN Climate Summit, expressing his frustration with the lack of action on climate change. He spoke about the devastating impact of climate change in Brazil, particularly in the Amazon region, which is currently experiencing tragic droughts and destructive weather events. Lula called for climate justice for developing nations and criticized the substantial amount of money spent on weapons when it should be invested in fighting hunger and climate change. He pledged that Brazil would stop Amazon deforestation by 2030 and emphasized the urgency of transitioning to a low-carbon economy.
Source: Arabian News https://www.arabnews.com/node/2418301/business-economy
The British monarch, King Charles III, addressed world leaders at the COP28 climate talks in Dubai. He expressed his hope that this conference would be a critical turning point in the fight against global warming. King Charles highlighted the alarming tipping points being reached and the urgent need to take transformative actions. He emphasized the interconnectedness of natures economy and our own economy, warning that our survival is at stake if we do not repair and restore the natural balance. The King also spoke of the communities around the world that are unable to withstand the repeated shocks of climate change. His message urged world leaders to seize the opportunity to keep hope alive and take decisive action.
Source: Arabian News https://www.arabnews.com/node/2418301/business-economyhttp
