Amir pledges $100mn to combat climate change
September 23 2019 11:42 PM
Amir pledges $100mn to combat climate change
Amir pledges $100mn to combat climate change

QNA New York

*Money will go to small developing island states and the least developed states to build capacity to counter environmental challenges
*Amir Participates in Climate Action Summit 2019
*FIFA World Cup 2022 to be the first 'carbon neutral' tournament
*Qatar Sovereign Wealth Fund to promote green investments activities and adopt low-carbon economic growth

His Highness the Amir Sheikh Tamim bin Hamad al-Thani on Monday announced that Qatar will contribute $100mn for the support of small developing island states and the least developed states to deal with the climate change, natural hazards, environmental challenges and to build the capacity to counter their destructive effects.

The Amir said the contribution was within the framework of Qatar's keenness to assume its role as an active partner with the international community in the efforts to meet the phenomenon of climate change, which is undoubtedly 'one of the serious challenges of our time'.

His Highness the Amir took part in the UN Climate Action Summit 2019, which was held by the UN Secretary-General Antonio Guterres at the UN headquarters in New York on Monday.

The summit was held in conjunction with convening of the 74th session of the UN General Assembly and was attended by a number of heads and leaders of the world and representatives of civil society organisations and institutions concerned with the environment internationally.

The Amir participated in the Climate Finance and Carbon Pricing Coalition session alongside French President Emmanuel Macron and Prime Minister of Jamaica Andrew Holness.

Delivering a speech, the Amir thanked the UN Secretary-General for his efforts in preparing and organising the important summit.

The Amir said: "The phenomenon of climate change is undoubtedly 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. 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.

"All states must fulfil their responsibilities and honour their commitments which international agreements have established to this effect."

Highlighting the efforts of Qatar in this regard, His Highness the Amir said the State of Qatar has assumed its responsibility as an active partner in the international community to confront the climate change phenomenon. "In 2012, it hosted the Eighteenth Session of the Conference of States Parties to the United Nations Framework Convention on Climate Change and the Doha Carbon and Energy Forum, in which international experts participated to develop public policy recommendations for this sector and for governments on climate change and alternative energy, and carbon capture and storage. Qatar has also spared no effort to ensure the success of negotiations of the Paris Climate Agreement in 2015.

"At the national level, the State of Qatar - in the light of its National Vision 2030 - has taken many measures to develop technologies taking into consideration climate change and adoption of clean energy, through the optimal use of water in order to reduce the loss of desalinated water, encouragement of recycling and reuse of water, improving air quality, promoting the efficiency of using gas and energy, waste recycling and increasing green spaces.

"In the same context, and to achieve our long-term environmental goals, Qatar has prepared a set of fixed goals, the most important of which are those related to renewable energy to generating 200 MW from solar energy within the next two years which will increase to 500 MW afterwards, and we are seeking to regulate carbon pricing as a means of reducing emissions and driving investments towards cleaner options.

"We, as hosting country of FIFA World Cup 2022, are committed to organising an environment-friendly tournament 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.

"I would also like to point out that Qatar Sovereign Wealth Fund assumes an active role in combating climate change, through Qatar Investment Authority, a founding member of the "One Planet" Global Sovereign Wealth Fund, which has been established in accordance with the initiative of President 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.

"Qatar Sovereign Wealth Fund will promote and encourage green investments activities and adopt low-carbon economic growth, which helps realise climate goals of the Paris Agreement, support the Sustainable Development Goals and allocate investments in sustainable natural resources."

"Within the framework of Qatar's keenness to assume its role as an active partner with the international community I announce Qatar's contribution of an amount of $100mn for the support of small developing island states and the least developed states to deal with the climate change, natural hazards, environmental challenges and to build the capacity to counter their destructive effects."

His Highness the Amir wished the summit success and the achievement of its desired goals for the good of humanity.



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