International officials: outputs "COP28" Supports shaping the energy of the future
– From Al-Yazia Al-Kaabi.
ABU DHABI, 18 APRIL / WAM / A number of international officials from clean energy companies participating in the World Future Energy Summit 2024 stressed the pioneering role played by the outcomes of the Conference of the Parties “COP28”, which was held in Dubai last year 2023, in shaping the features of future energy and developing policies. Strictly to accelerate the energy transition.
They said in statements to the Emirates News Agency, WAM, on the sidelines of the closing day of the World Future Energy Summit, which was held in Abu Dhabi from April 16 to 18, that the UAE not only hosted COP28, but also contributed to achieving positive results for everyone, through the transformation mode. Al-Adel is at the forefront of the conference’s outcomes.
They pointed out that renewable and clean energy witnessed a remarkable transformation after the Conference of the Parties (COP28), and this is due to the great incentive provided by the state in enhancing the role of these vital energies, mobilizing funds, and supporting sustainable innovations to accelerate the transition to a greener and fair world for all.
In this context, Laurence Kimball Cook, founder and CEO of the British technology company “Pavision”, said that the outcomes of the “COP28” Conference of the Parties, which was held in Dubai, constituted a great incentive for innovation in the areas of environmentally friendly energy, and motivated governments and the private sector to engage in this field to accelerate… Transition to the energy of the future.
Cook added: “The conference outcomes shaped the future of clean energy and renewable energy and embodied the meaning of the importance of starting to follow the concept of sustainability in our daily lives, stressing the importance that the conference added by moving the responsibility of individuals before societies to ensure the transition to the energy of the future.”
For his part, LK Verma, founder of the “Digital Photovoltaic Market” platform, stressed that the COP28 was an excellent start and an exceptional accelerator for the renewable energy industry, pointing out that after the COP the pace of renewable and clean energy production increased several-fold.
Verma pointed out that the outcomes of ‘COP28’ were beneficial not only to the region but also to the entire world, and thanks to the wise leadership of the UAE, we see that we are making good and rapid progress in achieving the ambitious visions on climate neutrality and tripling the productivity of renewable energy by 2030.
For his part, Youssef Makun, founder and managing partner of Cranmore Partners, pointed out the contribution of the Conference of the Parties (COP28) to significantly accelerating the transition to clean energy, noting that large producing countries such as the UAE were not only hosting the conference, but were achieving positive results. Including raising capital and encouraging all parties to start taking actual measures and steps.
Macon stressed that the results and outcomes of the Conference of the Parties (COP28) have regained momentum with regard to the energy transition and the gradual elimination of fossil fuels globally, explaining that the UAE is a leading role model for accelerating this transition, while the countries of the Middle East are also an ideal model for accelerating the clean energy transition.
In turn, Marco van Weveren, Director of the Finance Advisory Network Program at the United Nations Industrial Development Organization, said: “COP28” stressed the importance of developing strict policies to bridge the financing gap for renewable and clean energy to bring us closer to the set goals, and we see many interesting trends to raise the ceiling for green financing.
Wyverin pointed out the importance of blended financing, which brings together public money and the private sector to bridge the financing gap in the clean energy transition, noting that the future of green financing lies in the combination of capital from different sources and the concerted action of all, and this is what was proven by the outcomes of the Conference of the Parties (COP28).
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