Critics should stop 'carping from the sidelines' about the United Arab Emirates hosting the COP28 climate talks and give the oil producer a chance to show it can lead on decarbonising the energy sector, a senior JPMorgan banker told Reuters.
U.A.E. Industry Minister Sultan Al Jaber speaks during the Bonn Climate Change Conference in Bonn, Germany, June 8, 2023.
"It's a really bad look. Yes, the UAE is an oil-producing nation, but both Egypt and the UK are oil-producing nations, and people weren't saying that should preclude them from hosting [the last two COP summits]. Indeed, the world's biggest oil producer, the U.S., is home to the U.N. headquarters," he told Reuters in an interview.
Scientists warn that planet-warming emissions from burning fossil fuels continue to rise, despite the need for them to fall sharply if the world is to have any chance of capping global warming at 1.5 degrees Celsius above the pre-industrial average.
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