Dr. Jauad El Kharraz, the former executive director of the Regional Center for Renewable Energy and Energy Efficiency (RCREEE), has affirmed that the United Arab Emirates (UAE) has taken a leading role in climate action since the 27th Conference of the Parties (COP27) in Sharm El-Sheikh, Egypt.

He noted, during an interview with The Earth Call, that this leadership has been further reinforced by hosting COP28, which launched numerous financing and investment initiatives aimed at supporting the global energy transition.

ISA’s Role in Energy Transition

El Kharraz emphasized ongoing Emirati efforts even after the COP presidency transferred to Azerbaijan during COP29. He highlighted the significance of the International Solar Alliance, which aims to achieve ambitious goals, such as:
1. Tripling renewable energy production.
2. Doubling global energy efficiency by 2030.
To accomplish these goals, the ISA advocates for strengthening legislative frameworks and introducing innovative financing mechanisms to bolster public and private sector investments. These initiatives contribute to achieving a fair and comprehensive energy transition, ensuring that all parties benefit under a “win-win” model.

COP29: A Climate Finance Conference

El Kharraz noted that COP29 was referred to as the "finance conference" because it focuses on fulfilling climate finance commitments, such as the annual $100 billion climate finance goal pledged by developed countries since the Paris Agreement. He mentioned the recent proposal for a new comprehensive financing fund to help developing countries, particularly in Africa, accelerate their adaptation to climate change.

UAE & Future Vision

The UAE's vision extends beyond conferences; it is committed to fostering innovation, investing in clean energy, and enhancing international cooperation to achieve a sustainable future. These efforts position the UAE as a role model in climate action, especially in light of the financial and regulatory challenges facing the world.