The COP28 President-Designate has emphasised the need for investments in hydrogen, carbon capture and nuclear to decarbonise heavy industry at a joint meeting of G7 energy, climate, and environment ministers.
Dr. Sultan Al Jaber, President-Designate of COP28 attended a joint meeting of G7 ministers in Sapporo, Japan on April 15, and stressed the need to increase public finance to fight climate change and accelerate a “pragmatic energy transition.”
Al Jaber said the world was at risk of missing the mark on the Paris Agreement and overshooting climate targets, adding, “We need to triple renewable capacity by 2030 and increase it six-fold by 2040.”
“We need smart government regulation to incentivise and commercialise viable alternatives for high-emitting sectors like hydrogen and carbon capture technologies,” the President-Designate said. “And we need to continue to make the energies the world relies on today as low-carbon intensive as possible, ensuring energy security is maintained during a well-managed transition.”
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