{"id":77205,"date":"2023-05-03T01:10:30","date_gmt":"2023-05-03T01:10:30","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/petersberg-climate-dialogue-kicks-off-in-berlin-laying-the-groundwork-for-cop28-discussions\/"},"modified":"2023-05-03T01:10:30","modified_gmt":"2023-05-03T01:10:30","slug":"petersberg-climate-dialogue-kicks-off-in-berlin-laying-the-groundwork-for-cop28-discussions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/petersberg-climate-dialogue-kicks-off-in-berlin-laying-the-groundwork-for-cop28-discussions\/","title":{"rendered":"Petersberg Climate Dialogue kicks off in Berlin laying the groundwork for COP28 discussions"},"content":{"rendered":"

<\/a> The world must be \u201claser-focused on phasing out fossil fuel emissions,\u201d<\/strong> COP28 President-Designate Sultan Al Jaber said in a speech at the opening of the Petersberg Climate Dialogue in Berlin (watch, at minute 50:30<\/a>). With a stress on the word emissions, Al Jaber said efforts must be made in tandem to scaling up viable, affordable renewable alternatives. The two-day dialogue \u2014 taking place behind closed doors between representatives of over 40 countries \u2014 is set to lay the groundwork for what discussions will be taking place at COP28 later this year when the UAE hosts the summit.<\/p>\n

Setting a target on renewables could be a key debate: <\/strong>COP28 \u201cshould and can reach a target on renewables at the next climate conference,\u201d German Foreign Minister Annalena Baerbock said (watch, at minute<\/a>12:43<\/a>). While Baerbek affirmed that \u201cour objective for COP28 has to be to usher in the end of the age of fossil energy,\u201d there were no further details on what this would mean in terms of the level of investments being poured into fossil fuels (watch, at minute 15:22<\/a>). Meanwhile, Al Jaber called on participants to triple their renewable energy production capacity by 2030, before re-tripling that number by 2040 in a bid to curb global warming levels (watch, at minute 00:53<\/a>).<\/p>\n

And hydrogen value chains are in the spotlight: <\/strong>Al Jaber also highlighted the importance of adopting government regulations aimed at supporting decarbonization. \u201cWe will encourage smart government regulations to jump-start the hydrogen value chain, and make carbon capture commercially viable,\u201d Al Jaber said (watch, at minute 51:5<\/a>6<\/a>).<\/p>\n

REMEMBER- <\/strong>The language around phasing out fossil fuels has been the sticking point of contention in most climate negotiations so far, including the recent G7 meeting<\/a> where the seven most developed nations could not agree on the wording for a commitment to phasing out coal.<\/p>\n

Developed countries to \u201cfinally\u201d adhere to climate financing commitment: <\/strong>Germany\u2019s recent efforts to get donor countries to adhere to the USD 100 bn climate funding commitment to developing countries are ongoing \u2014 including upcoming talks with Canada on Sunday, Baerbok said, adding that \u201cwe are on a good track to finally make good on the USD 100 bn this year\u201d (watch, at minute 17:30<\/a>).<\/p>\n

But some argue it\u2019s too little:<\/strong> Although the 100 bn is \u201ca genuine attempt to finally meet reality,\u201d Barbados Prime Minister Mia Mottley said, developed countries should not \u201chold on to a notional USD 100 bn that was promised 14 years ago as if that could solve the problem today,\u201d considering that the financing needed today is just over USD 2 tn a year (watch, at minute 1:13:10<\/a>).<\/p>\n

And Al Jaber and Egypt agree: <\/strong>The \u201creal value\u201d of the USD 100 bn commitment has \u201ceroded over time\u201d given that the pledge was first made at COP15 in 2009, Al Jaber said (watch, at minute 49:00<\/a>) while Egypt\u2019s Ambassador to Germany Khaled Galal Abdelhamid \u2014 speaking on behalf of Egyptian Foreign Minister and COP27 President Sameh Shoukry \u2014 said the climate finance situation is \u201cdismal\u201d (watch, at minute 34:50<\/a>).<\/p>\n

Mottley called for slashing excess risk imposed on developing countries:<\/strong> \u201cA joint partnership between the IMF and the World Bank that will guarantee long run exchange rates without the excess risk premium that financial markets charge,\u201d Mottley said, particularly for companies in the Global South. This will allow the facilitation of private savings into financing the green transformation, she added (watch, at minute 1:14:00<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The world must be \u201claser-focused on phasing out fossil fuel emissions,\u201d COP28 President-Designate Sultan Al Jaber said in a speech at the opening of the Petersberg Climate Dialogue in Berlin (watch, at minute 50:30). With a stress on the word emissions, Al Jaber said efforts must be made in tandem to scaling up viable, affordable […]<\/p>\n","protected":false},"author":1,"featured_media":77206,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[57,61,475,11,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-diplomacy","tag-climate-change","tag-climate-diplomacy","tag-cop28","tag-enterpriseclimate","tag-uae","wpautop","entry"],"acf":{"mongo_id":"746db5ed-81a3-40b8-83a8-0f31ee4517b2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1820.jpg","photo_position":"above","related_issue":[77200],"teaser":"","voice_url":""},"yoast_head":"\nPetersberg Climate Dialogue kicks off in Berlin laying the groundwork for COP28 discussions - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/petersberg-climate-dialogue-kicks-off-in-berlin-laying-the-groundwork-for-cop28-discussions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petersberg Climate Dialogue kicks off in Berlin laying the groundwork for COP28 discussions\" \/>\n<meta property=\"og:description\" content=\"The world must be \u201claser-focused on phasing out fossil fuel emissions,\u201d COP28 President-Designate Sultan Al Jaber said in a speech at the opening of the Petersberg Climate Dialogue in Berlin (watch, at minute 50:30). 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