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Chequebook COP: The UAE’s $200b bid for climate influence

Chequebook COP: The UAE’s $200b bid for climate influence

The summit host is investing big in clean energy to ensure talks are a success — and possibly to sway the outcome, critics say.

Just days before negotiators from more than 60 countries descended on Abu Dhabi last month for the final round of climate talks ahead of the UN’s COP28 summit, Sultan al-Jaber, president-designate of the conference, travelled more than 1600 kilometres north to Azerbaijan.

Jaber, who juggles at least eight different jobs, including chief executive of the United Arab Emirates’ Abu Dhabi National Oil Company and chairman of the state-owned renewable energy company Masdar, met Azerbaijani president Ilham Aliyev to mark the inauguration of a solar farm large enough to power 110,000 houses.

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Financial Times

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Attracta Mooney
Attracta MooneyContributorAttracta Mooney is the Financial Times' investment correspondent.

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Original URL: https://www.afr.com/companies/energy/chequebook-cop-the-uae-s-200b-bid-for-climate-influence-20231129-p5enmh