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EU wants COP28 host UAE to contribute to climate fund: report

The Bloomberg report comes ahead of the annual UN climate change conference that will kick off in Dubai later this month. The UAE is working to address climate change while also remaining committed to oil and gas.
UAE gas

The European Union wants the United Arab Emirates (UAE) to contribute to a climate change fund ahead of COP28, Bloomberg reported on Friday. Some observers are skeptical that the gas-rich Gulf state can lead on environmental issues.

The EU plans to push the UAE to financially contribute to a fund that will help poorer countries pay for the damage caused by extreme weather. Bloomberg reported that the move would be a signal to countries that emit significant amounts of carbon dioxide, such as Saudi Arabia and China, to help pay for climate-related damage.

The UAE did not immediately comment on the report.

The 2023 United Nations’ climate change conference, dubbed COP28, will begin in Dubai on Nov. 30.

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