Climate change is of the greatest importance to Kuwait as a State, according to Sheikh Salem Abdullah Al-Jaber Al-Sabah, the Representative of His Highness the Amir, who made this statement on Friday.
The senior diplomat for Kuwait emphasized the nation’s participation in international efforts to mitigate the effects of climate change and cited policies and initiatives implemented to address the issue, such as low-carbon emission strategies in the transportation, oil, industrial, and agricultural sectors.
He explained to the UN Framework Convention on Climate Change’s Conference of Parties (COP28) that these initiatives seek to create a circular carbon economy in order to achieve sustainable growth.
Sheikh Salem Al-Sabah also emphasized the significance of the Kuwait Fund for Arab Economic Development in this context, pointing out that over the course of the last ten years, 105 nations have benefited from a total of USD 23 billion in developmental projects, with USD 523 million going toward green energy. He said that the State of Kuwait, through the State’s Investment Authority, joined the One Planet Sovereign Wealth Fund Working Group in 2017.
According to him, Kuwait will shortly submit its plan for carrying out the terms of the Paris Agreement, particularly paragraph 19 of Article 4, which requires Parties to work toward developing long-term development strategies with minimal greenhouse gas emissions.
Sheikh Salem determined that Kuwait had made a clear commitment to becoming carbon neutral in the oil sector by 2050 and as a state by 2060.- KUNA