The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) was officially held in Dubai, UAE from November 30th to December 12th. Huge Energy was invited to attend the UN Climate Conference and the Middle East business visit with the "China Business Climate Conference Delegation" organized by the All-China Federation of Industry and Commerce New Energy Chamber of Commerce.

It is reported that the Conference has attracted more than 80,000 participants from around the world, including global leaders, negotiators, non-governmental organizations, industry leaders and business representatives, making it the largest climate conference to date. The conference will be the first "global stocktaking" of global climate action under the Paris Agreement, in order to understand the progress of global climate action, to help countries to seriously examine the current state of the planet, and to chart a better course for the future, which is "a critical turning point" in the process of human response to climate change. It is "a critical turning point" in humanity's response to climate change.

On December 8-9, the COP28 Corporate Forum on South-South Cooperation in Renewable Energy and UNFCCC Side Event: Industrial Cooperation for Low-Carbon Energy Development was held in Dubai Expo City, co-sponsored by the All-China New Energy Chamber of Commerce (ACNEC).

As a leading PV mounting brand in China, and as the vice president of the Allied New Energy Chamber of Commerce, Huge Energy will join hands with all parties to discuss the relevant topics at the forum. The United Nations Climate Conference has been committed to promoting the global countries to jointly address the challenges posed by climate change, the forum was held at a time when the global climate change problem is becoming increasingly serious, YouGiant, as a representative of the PV bracket companies attending the forum, will be integrated into the topics of the conference, to continue to promote the development of the cause of clean energy, and strive to fulfill the dream of providing clean energy for all mankind to make unremitting efforts!

Meanwhile, during COP28, the delegation of China Business Climate Conference went to Abu Dhabi of the United Arab Emirates and Saudi Arabia to carry out business visits, visiting the Ministry of Investment of the Government of the Kingdom of Saudi Arabia, the Embassy of the People's Republic of China in Saudi Arabia, and the Jizan Industrial Park of the Royal Commission of the Kingdom of Saudi Arabia, and conducting in-depth exchanges on the new energy policies and investment environment in the local area as well as the strategic cooperation in the field of green and low-carbon energy.

China-UAE Industrial Capacity Cooperation Demonstration Zone Visit and Exchange

Visited the Chinese Embassy in Saudi Arabia and the New Energy Project Development Office of the Saudi Ministry of Energy.

Xie Qinsheng, Minister Counselor of the Chinese Embassy in Saudi Arabia, received the delegation and spoke highly of China's private new energy innovation capability; 

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About COP 28

The United Nations Climate Change Conference (COP28) is a United Nations-sponsored conference that has been held in different regions of the world on an annual rotating basis since 1995. After a series of large-scale and influential side events organized during COP 27, much is expected of COP 28.

Five key points of COP 28

(1) Global Stocktake:

The Global Stocktake is a mechanism proposed in the Paris Agreement, and the first global stocktake will be completed in 2023. At COP28, Parties will discuss how to further implement global temperature control goals based on the results of the global stocktake.

(2) Tripling Renewable Capacity:

The IEA study shows that in order to achieve the global 1.5°C temperature control target, the global installed renewable energy capacity needs to be raised to 11,000GW by 2030, which is about three times the current level. At COP28, the United States, the European Union and other countries hope to push all parties to endorse this goal in the outcome document.

(3) Loss and Damage:

Countries in COP27 reached a breakthrough agreement on the establishment of a Loss and Damage Fund. This year, discussions among Parties will focus on who will provide the funds, who will manage them, and who will have access to them.

(4) Just Transition:

How to cope with the impact of industrial transformation on employment and how to support the affected people and communities has begun to become an unavoidable challenge for governments and enterprises. Relevant discussions at the United Nations Climate Change Conference are also increasing year by year.

(5) Fossil Fuel Phase-out:

The COP26 outcome document calls on Parties to "accelerate action to reduce coal power generation without the use of carbon capture and storage technologies". The EU and some climate-vulnerable countries expect the outcome document of the UN Climate Change Conference to include a statement on the phase-out of all fossil fuels, which will be an important feature of COP28.