Managing climate change is the greatest challenge of our time, and the 26th UN Conference of the Parties in Glasgow, Scotland, better known as COP26, represents a milestone in the world’s efforts to take concerted action.
Six years after the landmark Paris Agreement, nations are taking stock of the progress they have made on previous commitments, including their promises to reduce emissions and adapt to climate change.
Ahead of COP26 this year, the UAE pledged to reduce its carbon emissions by 23.5 per cent compared to business as usual for the year 2030, effectively translating into absolute emission reduction of about 70 million tonnes. The UAE also announced an ambitious target of reaching net zero emissions with AED 600 billion ($163 billion) invested in clean and renewable energy sources by 2050, becoming the first Middle Eastern country to commit to a net-zero emissions target. The UAE development model will take into account the net-zero goal with all institutions working as a team towards this goal.
While the policy work continues, many senior executives of UAE corporations will raise the question, “What do we do after COP26?”
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