Al Jaber calls on G7 to deliver on practical energy transition

Speaking at the event, Dr. Al Jaber noted that world was falling behind on climate commitments, necessitating a massive course correction across mitigation, adaptation, loss and damage, and finance. He reiterated that the COP28 Presidency was keen to work with the G7 to deliver transformational change across each workstream.

The Ministers’ Meeting on Climate, Energy and Environment is part of a series of G7 Ministers’ meetings being held in Japan this month, under the country’s Presidency of the G7, and ahead of the Summit in Hiroshima in May. Dr. Al Jaber held bilateral meetings with ministers from India, Indonesia, Japan, Canada, France, Germany, the UK, and the US, emphasising the need for more climate finance to enable a just energy transition in emerging economies.

Dr. Al Jaber called on G7 nations to deliver a new deal on climate finance to help accelerate climate action, from mitigation and adaptation to loss and damage.

The COP28 President-Designate emphasised that the world was at risk of missing the mark on the Paris Agreement and overshooting climate targets. He stressed the need for an accelerated, just, and pragmatic energy transition.

Adding that climate finance was an impediment to delivering action, Dr. Sultan Al Jaber, who traveled to Japan from the World Bank’s Spring Meetings in Washington D.C, stressed the need to reform international financial institutions and deliver on the US$100 billion promised to developing countries.

The COP28 President-Designate underscored the need for solidarity and unity in driving climate action, adding, “The transformational progress we need will only happen through complete inclusivity.