The critical challenge we face is translating big ambitions into meaningful action with the players from across the ecosystem. While living and working in the UAE, it is evident that the world can learn much more from the country’s experience, combining planning and partnership with implementation, which is supported by a clear vision.
This approach will be on exposition this year in the UAE, where two global events- COP28 and Abu Dhabi Sustainable Week are taking place. An even larger group of climate-focused decision-makers will connect again in November and December for the UN Climate Change Conference COP28 in Dubai.
Masdar, the Abu Dhabi Future Energy Company, is a powerful example of the country’s ability to combine forward-looking vision with action and actual progress.
Recommended:UAE: Rashid Al Maktoum Renaming Al Minhad District As “Hind City”
Masdar has grown from 10- a megawatt solar PV plant in Abu Dhabi to a global renewable energy project developer with 20 gigawatts(GW) generating capacity and a goal to reach 100 GW by 2030. Masdar also launched ADSW and built low-carbon Masdar City, which became home to the permanent headquarters of the International Renewable Energy Agency( IRENA).
The UAE understands where global energy has been and where it needs to go. Though it is a country with substantial oil reserves, it understands the need for a collective approach to delivering the vision of the future. This is why it is essential sitting for the make-or-break discussions and agreements to take place at COP28.
No country is resistant to the impact of climate change, including the UAE. That is why rapid and significant steps should be taken to decarbonize global energy systems for the future. Fossil fuels, significantly lower carbon sources such as natural gas, should exist alongside the large-scale electrification of our economy and growing reliance on clean power sources such as wind, solar, nuclear, and hydroelectric.
The UAE understands these technologies from Mohammed bin Rashid Al Maktoum Solar Park and Barakah Nuclear Energy Plant to Dewa’s hydroelectric power plant in Hatta. The country is propelling technology development and distribution forward, even in new fields like hydrogen and carbon capture.
The UAE has always been at the junctions. Initially, it was in the exchange of goods, and now it is in the business of ideas and innovations. Also, they are in the surrounding countries with diverse needs regarding the energy transition, gigantic oil importers and exporters, developed and developing countries, countries with small and large populations, Island nations, and non-coastal nations.
The above report states the importance of COP28 and how it will benefit globally. In hosting COP28, the UAE will bring various understandings to the discussion, providing a blueprint of all sorts to enable real progress which can make on all the critical issues that will prove meaningful and helpful toward the path of low- a carbon future.