Council reviews progress on climate sustainability
Currently, the primary focus of the Council is now on operationalising the UAE’S Net Zero 2050 Strategy, says minister
The UAE Council for Climate Action assessed the most recent advancements in the country’s action to achieve climate sustainability.
The Council also reviewed various programmes aimed at ataining climate neutrality, examined its work agenda with the concerned authorities in the nation for the current year, and formulated an action plan.
This was during the first meeting of the UAE Council for Climate Action in 2024, which was held virtually and chaired by Dr Amna Bint Abdullah Al Dahak, Minister of Climate Change and Environment.
At the commencement of the meeting, she highlighted the culmination of efforts spanning a year, both preceding and following the Conference of the Parties (COP28), which concluded with the UAE Consensus that made a historic impact on the global climate action agenda.
Dr aldahak said ,“throughout the cop 28 conference, the UAE, with the collective representation of key stakeholders, introduced a comprehensive global sustainability model spanning across all sectors. This positioned our nation at the forefront of global discussions. Currently, the primary focus of the Council is now on operationalising the UAE’S Net Zero 2050 Strategy. Delving into various strategic plans requires meticulous monitoring to guarantee the achievement of this ambitious goal, especially within critical economic sectors.”
She added, “Through collaboration, we can bring about transformative change that aligns with our wise leadership’s aspirations. By engaging society in our efforts, we can effectively achieve all our goals. Let’s make 2024 and the following years a new opportunity to strengthen the UAE’S global position and its ability to develop a more sustainable society, economy, and environment, not only for us but also for future generations.”
The UAE Council for Climate Action meeting discussed the progress made towards implementing the UAE’S Net Zero 2050 Strategy and collaboration with various ministries and federal and local authorities.
The Strategy focuses on reducing greenhouse gas emissions by seting interim targets, implementing initiatives and projects, and taking necessary government actions. The Strategy also includes a proposed governance mechanism to monitor the implementation of the plan.
At the meeting, the Council was briefed on the outcomes of the education pavilion at the COP28 Conference and its significance in increasing public and student awareness of climate change, nature, and the environment.
The meeting emphasised the importance of such initiatives in supporting the UAE’S efforts to achieve its social, economic and climate goals.
The discussions focused on the current advancement and forthcoming strategies as part of the Carbon Trading initiative.
The primary aim is to enable the development of sustainable and cuting-edge financial frameworks for environmentally friendly projects by establishing a plaform for the commercialisation of carbon as a tradable asset in local markets.
The project will offer optional participation and mandatory application in case of participation, to guarantee alignment with the stipulations outlined in the Paris Agreement.
The Council reviewed the Carbon Pricing Study which aims to encourage companies to reduce carbon emissions by implementing a tax on carbon emissions, trading carbon credits, or a hybrid system. The Carbon Pricing Policy Committee, comprising representatives from both federal and local governmental bodies in the country, convened in November 2023 and February 2024 to prepare a detailed study.
The study includes an evaluation of the available mechanisms, as well as an assessment of the long-term social and economic impacts. The Commitee also developed essential models crucial for analysing and appraising the study’s outcomes.
During the Council meeting, members discussed ways to improve collaboration at the Federal level to effectively tackle climate change and its impact.
The focus was on reducing emissions sustainably and reaching climate neutrality. The meeting also covered the latest updates related to the National Dialogue for Climate Ambition, which will soon hold a new roundtable to discuss the aluminium sector.