What is the UAE Cop28 plan of climate action?

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🗞️ Driving the news: Sultan Al Jaber, president of the Cop28 UN climate summit, has outlined a comprehensive climate action plan
• The United Arab Emirates official revealed the strategy at a meeting in Brussels, with a focus on the Paris agreement's goals

🔭 The context: The plan encompasses what Al Jaber has termed the four pillars or "Fs": fast-tracking the transition to a low-CO2 world, fixing climate finance, focusing on people's lives and livelihoods, and ensuring full inclusivity
• This approach is centered around the stringent goal of limiting global temperature rise to 1.5C

🌎 Why does it matter for the planet: This plan marks a significant commitment to accelerate climate action by reducing emissions, phasing down fossil fuels, and mobilizing substantial finance for these efforts

⏭️ What's next: The Cop28 summit will conduct the first-ever "global stocktake" of each country's emissions reductions
• All countries will be required to submit updated "nationally determined contributions" (NDCs) in September, with the aim to align with the 1.5C goal

💬 One quote: “This plan is guided by a single north star, and that is keeping 1.5C within reach,” (Sultan Al Jaber)

📈 One stat: Among the commitments proposed in the plan is a three-fold increase in renewable energy capacity globally to 11,000GW, and a doubling of hydrogen production to 180m tonnes a year by 2030

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