<p>COP28 led to significant pledges from participating nations to address global warming, emphasising the need for increased financing in the energy transition, particularly in less developed countries, to effectively combat climate change. These were the conclusions drawn by the expert panelists in the Al-Attaiyah Foundation&#39;s fourth webinar of 2023. Key commitments included doubling the global annual rate of energy efficiency improvements from approximately 2% to over 4% annually until 2030 and tripling the installed renewable energy capacity to 11,000 gigawatts by 2030.</p>
