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UAE offers to host global climate summit COP 28 in 2023

UAE offers to host global climate summit COP 28 in 2023 ABU DHABI, 3 hours, 32 minutes ago The UAE has offered to host the 28th session of the Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Abu Dhabi in 2023, with a focus on the economic case for inclusive climate action. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said: “The climate challenge is daunting, but it is also matched by enormous opportunity to drive economic growth and job creation. As a country that sits at the heart of the hydrocarbon industry and has made significant investments in energy diversification domestically and around the globe, we have seen first-hand that there is now an unprecedented business case for the highest level of climate ambition – especially when it advances gender equality and empowers youth.

UAE to bid for major global climate summit COP 28 in 2023

UAE to bid for major global climate summit COP 28 in 2023
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Texas s Oil and Gas Industry Is Defending Its Billions in Subsidies Against a Green Energy Push – Texas Monthly

Reasoning basically that if you can’t beat them you might as well join them, these executives want more support for cleaner alternatives, a category that includes not just renewables but also greener fossil fuels. “As Houston transitions, we have to think about what are the new drivers of the Houston economy,” said Brett Perlman, CEO of the business-friendly nonprofit Center for Houston’s Future.  The question of how governments subsidize energy and how that should change involves existential stakes for the Texas economy. Counting subsidies is more of a philosophical exercise than a mathematical one. The answer turns mostly on what’s included in the tally.

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