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Qatar pledges $100 mn in climate action

Qatar pledges $100 mn in climate action

QNA
New York
The Amir HH Sheikh Tamim bin Hamad al Thani on Monday pledged $100 million for support of small and developing island-nations and least-developed states to deal with climate change.
Addressing the UN Climate Action Summit 2019 in New York, the Amir described climate change as “one of the serious challenges of our time”.
“It is a problem that is continuously exacerbating and causing many problems which intertwine in their economic, environmental and social dimensions and have very serious negative repercussions on all forms of life including human life and on both developed and developing countries alike, especially on the tracks of the sustainable development which all peoples aspire to.”
This serious phenomenon makes it incumbent upon the international community to cooperate and double efforts to confront it and reduce its repercussions, he said.
“It is sufficient for us to look at the devastation caused by Hurricane Durian in the Bahamas and the suffering of its population to realise the dire need for such cooperation.”
The Amir called on all states to fulfill their responsibilities and honour their commitments towards international agreements to combat climate change.
Qatar, he said, has assumed its responsibility as an active partner of the international community to confront the climate change phenomenon.
In 2012, it hosted the 18th Session of the Conference of States Parties to the United Nations Framework Convention on Climate Change and the Doha Carbon and Energy Forum, he pointed out.
These events drew the participation of international experts to develop public policy recommendations for this sector and for governments on climate change and alternative energy, and carbon capture and storage, the Amir noted.
Qatar has also spared no effort to ensure the success of negotiations of the Paris Climate Agreement in 2015, he added.
At the national level, Qatar has taken many measures to develop technologies to combat climate change and adopt clean energy, he said. It has also encouraged optimal use of water, improved air quality, promoted the efficiency of using gas and energy, intensified waste recycling and increased green spaces as part of this commitment, he noted.
“In the same context, and to achieve our long-term environmental goals, the State of Qatar has prepared a set of fixed goals, the most important of which are those related to renewable energy to generating 200 megawatts from solar energy within the next two years which will increase to 500 megawatts afterwards, and we are seeking to regulate carbon pricing as a means of reducing emissions and driving investments towards cleaner options,” the Amir said.
“We, as the host country of FIFA World Cup 2022, are committed to organising an environment-friendly and the first ‘carbon neutral’ tournament through the use of solar-powered stadiums and the use of cooling and lighting technology that is water and energy-saving.”
The Amir also pointed out that Qatar’s Sovereign Wealth Fund, the Qatar Investment Authority, was playing an active role in combating climate change. QIA is a founding member of the “One Planet” Global Sovereign Wealth Fund, which has been established in accordance with the initiative of French President Emmanuel Macron to promote green investments and accelerate efforts to take into account climate change issues in the investment sector and management of sovereign wealth funds.
“The Qatar Sovereign Wealth Fund will promote and encourage green investments and adopt low-carbon economic growth, which helps realise climate goals of the Paris Agreement, supports the Sustainable Development Goals and allocate investments in sustainable natural resources.”
The UN Climate Action Summit 2019 was held by UN Secretary-General Antonio Guterres at the UN headquarters in New York on Monday, in conjunction with convening the 74th session of the UN General Assembly.
The Amir participated in the Climate Finance and Carbon Pricing Coalition session alongside French President Emmanuel Macron and Prime Minister of Jamaica Andrew Holness.