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UAE will look to a world beyond OPEC

Reuters · Reuters · last updated

The United Arab Emirates will have a busy 2023. The Gulf state wants to pump more oil, shore up its status as the main destination for Western capital in the region, and make a big splash when Dubai hosts the COP28 climate conference in November. That may lead President Mohammed bin Zayed al-Nahyan, known as MbZ, to re-examine one of his country’s oldest alliances.

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Related Knowledge Center: Climate diplomacy

State of Play

Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates. 

Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.

The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21). 

Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29

 

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