UAE leads region in climate change action, says IMF chief

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), on Wednesday, praised the UAE’s efforts and contributions toward climate change and leading the region in this sphere.

While speaking at the launch of the “Feeling the Heat” report at the World Government Summit at Expo 2020 Dubai on Wednesday, she added that the world needs to cut global emissions by half by 2030.

“When we put together all the promises that countries made, we are half short of achieving this objective. It is so important that to be carbon neutral by 2050, we have to act very decisively in this decade. I am proud to say that UAE is leading regional efforts and investing $160 billion in renewables. And they’re doing that not only in their own territory but beyond.”

IMF chief also praised Egypt’s investment in modern irrigation techniques, education and healthcare and the UAE’s focus on clean energy, sustainable construction and water conservation.

Egypt will host the 27th edition of the UN Climate Change Conference (Cop27) this year, while the UAE will host the next edition in 2023, reflecting the seriousness of the two nations about climate change.

“This year, international attention on the climate issue is squarely focused on the Middle East. Egypt will host Cop27 in November, and, in 2023, it will be UAE’s turn. As we look ahead to these meetings, the international community must come together to discuss the critical importance of climate action for our present and our future,” Georgieva added.

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-waheedabbas@khaleejtimes.com