HomeLatestCOP28 President-Designate highlights Japan's position in power transition throughout Tokyo GX Week

COP28 President-Designate highlights Japan’s position in power transition throughout Tokyo GX Week

TOKYO, twenty sixth September, 2023 (WAM) — Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, and Special Envoy of the UAE to Japan, has concluded an official go to to Japan.

During the go to, he met Prime Minister Fumio Kishida, and different ministers, to debate mutual cooperation in a spread of areas, together with the power transition.

Dr. Al Jaber’s official go to happened throughout Tokyo GX Week, a particular occasion organised by Japan’s Ministry of Economy, Trade and Industry to advertise inexperienced transformation.

The President-Designate additionally mentioned with Kishida the UAE’s preparations to host COP28 in November and December this yr. The assembly follows the Prime Minister’s profitable go to to Abu Dhabi final July, which yielded substantial progress in implementing applications, initiatives, and initiatives throughout the Comprehensive Strategic Partnership.

Dr. Al Jaber this week co-chaired the inaugural assembly of the UAE-Japan Comprehensive Strategic Partnership, the place he engaged in bilateral conferences with Japanese authorities officers and personal sector companions.

The President-Designate met Yoko Kamikawa, Minister of Foreign Affairs, Yasutoshi Nishimura, Minister of Economy, Trade and Industry; Shintaro Ito, Minister of the Environment; Yukio Kane, Global CEO of JERA; and Maeda Tadashi, Governor of Japan Bank for International Cooperation (JBIC).

Dr. Al Jaber additionally gave an deal with at a GX Week ministerial session, centered on power safety, decarbonisation and financial progress, the place he highlighted the vital position Asian nations, together with Japan, will play in local weather motion.

“The north star of the COP28 Presidency is keeping 1.5 within reach. To achieve this, we must remove 22 gigatons in emissions by 2030,” he instructed delegates. “At the identical time, we all know that power demand will develop almost 25 per cent by 2045, and two thirds of that progress can be in Asia. As such, the power selections Asia makes can have a big impact for the entire world.

“Asia is central to many of the drivers of global green transformation. This region is home to over 1000 GW of installed renewable energy capacity and is on track to grow to 1500GW in the next 2 years. A trajectory that aligns with COP28’s call to triple renewable energy capacity, as part of a fast, fair and well-managed energy transition.”

Dr. Al Jaber additionally highlighted the completely different pathways to internet zero based mostly on particular person nation conditions. “There will be multiple net zero pathways depending on the diverse circumstances of each country. And the critical success factors for each pathway are smart government policies, investment in technologies and, critically, finance.”

“COP28 is calling for climate finance to be more available, accessible and affordable. IFIs and MDBs need to modernize their mandates. Innovative financial mechanisms must be fully explored to lower risk, including currency risks. Voluntary carbon markets must be developed with integrity at their core. Private finance must be mobilised at a multiple to close the multi trillion-dollar climate investment gap. And we should not overlook the power of efficiency as the fastest, simplest and cheapest way to cut carbon emissions.”

During the session, Dr. Al Jaber’s sentiments had been echoed by the attendees highlighting the significance of using power effectivity as a ‘first gas’ along with the deployment of hydrogen and Carbon Capture Solutions as decarbonisation choices for hard-to-abate sectors.

The go to additionally included the signing of a joint declaration of intent (JDI) between the UAE Ministry of Industry and Advanced Technology and Japan’s Ministry of Economy, Trade and Industry, designed to boost cooperation between the 2 nations on local weather motion and on advancing the power transition. The JDI envisages the event of a worldwide inexperienced power hub between the 2 nations.

Dr. Al Jaber famous that the UAE and Japan are already co-operating on hydrogen improvement, and praised Japan’s pioneering position in growing power effectivity applied sciences that the world can take to scale.