TOKYO, thirty first July, 2023 (WAM) — The Institute of Energy Economics of Japan (IEEJ) affirmed that the twenty eighth Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC) is ready to be held at a essential juncture, particularly as it would function important discussions on nations’ power contributions, power transition pathways and prices, and enhancing measures associated to defending the planet from the damaging repercussions of local weather change.
In an announcement to the Emirates News Agency (WAM), Toshiyuki Sakamoto, Board Member of the IEEJ, expressed his confidence within the UAE’s COP28 Presidency, noting that Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, possesses the expertise required to coordinate insurance policies associated to environmental conservation and discount of greenhouse gasoline (GHG) emissions.
The AR6 Synthesis Report: Climate Change 2023, issued by the Intergovernmental Panel on Climate Change (IPCC) in March 2023, warned of the present international warming fee of round 1.1C above pre-industrial ranges, Sakamoto defined, including that the continuation of the present GHG emission ranges hinders the drive to maintain temperatures from rising to over 1.5C above pre-industrial ranges, and COP28 is a vital alternative to debate this important matter.”
He mentioned that the participation of round 200 nations will make sure that COP28 talks will cowl quite a few key points, together with the power transition, gradual discount of GHG emissions and the significance of combatting deforestation, additional including to the UAE’s observe document in supporting COP’s options and meant outcomes.
The IEEJ official revealed that, throughout COP28, the Japanese authorities will notably give attention to exploring carbon seize, utilisation and storage (CCUS), particularly with Japan concentrating on web zero by 2050, highlighting Japan’s allocation of a 20 trillion yen (US$140 billion) to assist the non-public sector in its decarbonisation efforts by 2050.
By 2030, Japan may have 59 % of its power generated by way of renewable and nuclear sources, with fossil fuels accounting for less than 41 % of our power combine, Sakamoto additional defined.
He additionally touched on the conferences of power ministers of the Group of seven (G7) nations, and the G7 Hiroshima Leaders’ Communique, including that Japan is the one Asian nation within the G7, which testifies to its function in calling for tangible options that assist creating and Asian nations.
Amjad Saleh