India, UAE Urge Fulfillment of USD 100 Billion Climate Finance Commitment

India, UAE Urge Fulfillment of USD 100 Billion Climate Finance Commitment

Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan said that developed countries must fulfill the USD 100 billion delivery plan to reduce and adapt to climate change during the former’s official visit to UAE recently.

India and the UAE stressed the importance of the global stocktake (GST) of collective action to achieve the Paris Agreement’s goals and its successful conclusion at COP28 in Dubai later this year.

In the joint statement, both presidents urged the international community to accelerate efforts to safeguard the Paris Agreement’s long-term goals through nationally defined contributions, solidarity, and support. The two leaders stressed the need for ambitious, balanced, and implementation-oriented outcomes at COP28 across all the key pillars of global climate action, including mitigation, adaptation, loss and damage, and climate finance.

They stressed the significance of a balanced Global Stocktake at COP28. They urged governments to utilize GST results to enhance their national commitments, including those to mobilize more cash and help developing nations. Following the Convention and the Paris Agreement, they stressed the need for international cooperation to help developing countries cope with climate change.

Modi and Sheikh Mohamed emphasized that renewable energy, green hydrogen, utilization and storage technologies, energy efficiency, and other low-carbon solutions can promote sustainable economic growth and employment creation.

The leaders stressed the importance of supporting and implementing all technologies to cut emissions and ensure a just transition that enables comprehensive sustainable development.

Scroll to Top