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Home / Business / Economy / Challenges Are Opportunities for the United Arab Emirates (UAE)
Economy

Challenges Are Opportunities for the United Arab Emirates (UAE)

Bysmitharaghu January 30, 2023

One of the key challenges of the UN’s Climate Change negotiations is the extension of the Kyoto Protocol. Negotiators are struggling to come to an agreement. In the meantime, the United Arab Emirates has developed a “challenges are opportunities” approach to climate change. During this article, you will learn more about this approach, and how the UAE is working towards a world that is livable, resilient, and sustainable.

JETPs helped countries stop dependence on coal

Getting rid of coal is an ambitious goal, especially for a nation as densely populated as Indonesia. As such, a well-executed plan is a must. A $20 billion, multi-partner effort from the United States and other like-minded nations is the first steps toward the goal. However, the project is far from a silver bullet. Some of the biggest hurdles include a poor power sector and a lack of funding.

The JETP is not the only effort to get rid of the black stuff. Other countries are using the same technologies and strategies to move towards clean energy. Coal remains a staple of the developing world, despite efforts by governments to make the shift over. But coal can be replaced by renewables, liquefied natural gas and a combination of both.

Loss and Damage Agreement

The Loss and Damage (L&D) Fund is a groundbreaking move for developing countries to deal with the impacts of climate change. It puts the needs of the most vulnerable nations at the center of the discussion.

Developing countries have been calling for financial support to cope with the adverse effects of climate change for years. This year, the ravages of weather extremes have made it clear that those nations are bearing a greater share of the climate change costs. However, until now, this issue has been treated as an orphan within the multilateral climate regime.

At the 27th Conference of the Parties, also known as COP27, an agreement was reached to establish a fund that will provide support to the most vulnerable developing countries. This was a major achievement for the Group of 77 (G77) countries. They have been lobbying for this goal throughout 2022.

Global Goal on Adaptation

The Global Goal on Adaptation (GGA) has been gaining attention from practitioners and academics. It is one of the key objectives of the Paris Agreement, and was intended to drive collective action on climate adaptation. However, there is no consensus on its goals or methods.

The GGA should include several key dimensions, including a global framework, a national implementation plan, and the ability to contribute to monitoring and assessment. A global goal on adaptation should also be flexible enough to allow for the necessary local and transboundary complexities of the problem.

The global goal on adaptation should incorporate the most pertinent data and information. This should be done through a variety of mechanisms, such as progress reporting and data sharing. As part of this, the international community should adopt an iterative process of setting and evaluating adaptation goals.

Unresolved negotiations on extending the Kyoto Protocol

In 1997, the Kyoto Protocol was adopted by the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) 3. This binding treaty set GHG emission targets for industrialized nations. However, the Kyoto Protocol has not provided a comprehensive solution to the threat of global warming.

As of the time of writing, negotiations on extending the Kyoto Protocol have not yet resulted in a formal agreement. The remaining negotiators need to reach a deal to keep the next commitment period on track.

For years, Kyoto Protocol has been an important bridge between the global climate summit in Kyoto, Japan in November 2000 and the subsequent United Nations climate summit in Durban, South Africa in 2011. Yet, as of now, the Protocol’s role has diminished in the broader climate change debate.

UAE’s ‘challenges are opportunities’ approach to climate change

The United Arab Emirates (UAE) aims to achieve net-zero emissions by 2050. In order to accomplish this, the country has set targets for the energy and food sectors. It has also invested in clean energy ventures across the world.

Climate change is a threat to every country in the region. This has led to desertification and drought. As a result, UAE has invested in clean energy, including solar and wind.

As the primary oil producing country in the Middle East, the UAE is an important partner in multilateral efforts to address climate-related threats. According to the country’s own estimates, one meter of sea level rise will cause the loss of 1,155 square kilometers of coastline by 2050.

As the region has faced extreme heat and water scarcity, the agricultural sector has also been affected. Population growth, particularly in the UAE, has strained the agricultural sector.

 

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smitharaghu

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