Current:Home > FinanceUAE’s al-Jaber urges more financing to help Caribbean and other regions fight climate change-LoTradeCoin
UAE’s al-Jaber urges more financing to help Caribbean and other regions fight climate change
View Date:2024-12-23 15:00:49
SAN JUAN, Puerto Rico (AP) — The head of this year’s U.N. global climate summit urged more availability of funds to fight climate change in the Caribbean during a regional meeting Thursday in Barbados.
Sultan al-Jaber, the United Arab Emirates’ minister of industry, noted that high costs have prevented island nations from quickly adopting renewable energy as they face what he said was some of the world’s harshest climate impacts.
“The peoples of the Caribbean have been on the front lines of climate change for longer than most,” he said. “Your experience represents an early warning system for the rest of the world.”
Al-Jaber spoke to leaders from a 15-member trade bloc known as Caricom during an event broadcast online, saying that closing the climate finance gap is a priority ahead of the COP28 summit in Dubai in December.
Al-Jaber spoke the same day that the U.S. National Oceanic and Atmospheric Administration increased its prediction for the Atlantic hurricane season from near-normal to above-normal given record sea surface temperatures. Some 14 to 21 named storms are now expected, with two to five major hurricanes.
Five tropical storms already have formed this year, marking an unusually busy start to the season, which runs from June 1 to Nov. 30.
“This region knows only too well the human and economic costs of too little finance for climate adaptation and resilience,” al-Jaber said of the Caribbean.
He credited Barbados Prime Minister Mia Mottley for creating a plan known as the Bridgetown Initiative, which would make it easier for developing nations to fight global warming and postpone debt payments when disasters occur.
Supporters have said the plan could free up $1 trillion in climate financing.
On Wednesday, Mottley announced that her administration would create a legacy fund to help Barbados fight climate change.
veryGood! (9)
Related
- Louisville officials mourn victims of 'unthinkable' plant explosion amid investigation
- Jimmy Kimmel fires back at Aaron Rodgers after comment about release of names of Jeffrey Epstein's alleged associates
- There’s still room to spend in Georgia’s budget even as tax collections slow
- Longest NFL playoff drought: These teams have longest run of missing postseason party
- Horoscopes Today, November 10, 2024
- Amber Heard Shares Rare Photo of Daughter Oonagh
- Makeup by Mario’s Mario Dedivanovic Shares a 5-Minute Beauty Routine, Easy Hacks for Beginners, and More
- Four children killed in a fire at a multifamily home in Connecticut
- Mandy Moore Captures the Holiday Vibe With These No Brainer Gifts & Stocking Stuffer Must-Haves
- Vigil held to honor slain Muslim boy as accused attacker appears in court in Illinois
Ranking
- Mike Tomlin's widely questioned QB switch to Russell Wilson has quieted Steelers' critics
- Military dad surprises second-grade son at school after 10 months apart
- Military dad surprises second-grade son at school after 10 months apart
- Sheikh Hasina once fought for democracy in Bangladesh. Her critics say she now threatens it
- Democrat George Whitesides wins election to US House, beating incumbent Mike Garcia
- Nebraska judge allows murder case to proceed against suspect in killing of small-town priest
- Prosecutors ask judge to toss sexual battery charges against Jackson Mahomes
- Witness threat claims delay hearing for Duane 'Keffe D' Davis in Tupac Shakur's murder case
Recommendation
-
Will Aaron Rodgers retire? Jets QB tells reporters he plans to play in 2025
-
Myanmar’s military government pardons 10,000 prisoners to mark Independence Day
-
Witness threat claims delay hearing for Duane 'Keffe D' Davis in Tupac Shakur's murder case
-
Multiple state capitols evacuated due to threats, but no dangerous items immediately found
-
Mike Tyson is expected to honor late daughter during Jake Paul fight. Here's how.
-
Restaurateur Rose Previte shares recipes she learned from women around the world
-
What does cost of living mean? How we calculate the comparison for states and cities.
-
A look at killings of militant leaders believed targeted by Israel