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Renewable energy 'key to UAE economic diversification'

ABU DHABI, January 16, 2016

The renewable energy is now a mainstream energy source that supports the UAE's economic diversification goals which will lead to more jobs, more innovation, and more prosperity, said a senior government official.

“The UAE’s leadership has long recognized the importance of investing in new energy technologies to complement its role as a leading hydrocarbon exporter,” stated Dr Sultan Al Jaber, UAE Minister of State and Special Envoy for Energy and Climate Change, in his opening remarks at the sixth session of the International Renewable Energy Agency (Irena) Assembly which opened in its headquarters Abu Dhabi on Saturday (January 16).

Last June, the UAE had inaugurated the Irena headquarters in Abu Dhabi’s Masdar City, further reinforcing its commitment to the advancement of renewable energy.

The UAE joined more than 150 countries at the annual meeting which will see experts review the organisation’s progress and agree on its 2016-17 work program. The event, which concludes tomorrow, is being attended by 42 ministers.

The start of the Irena assembly included updates on long-term strategy and ongoing initiatives to accelerate renewables worldwide. It also highlighted the agency's growing role in the future of global energy and climate change mitigation.

“As we look forward to 2016, it is important to acknowledge the tremendous progress that Irena has made over the past two years,” remarked Dr Al Jaber.

“Irena has been instrumental in supporting the widespread adoption of renewable energy and helping to shape the future global energy landscape,” he noted.

“With 145 member states and more than 30 countries in the process of joining, Irena is catalyst for international action on renewable energy,” said Dr Al Jaber.

“Futhermore, nine new permanent representatives to the organization were appointed,” he stated.
 
Dr Al Jaber highlighted Irena’s recent efforts to meet the world’s growing energy needs, including the launch of the Global Geothermal Alliance (GGA), an initiative to significantly increase geothermal power generation.

He also noted The Sustainable Energy Marketplace, a virtual platform that aims to scale up existing global investment and development of renewables, as another key accomplishment.

Dr Al Jaber also pointed to the adoption of sustainable development goals and the Paris climate agreement as key successes resulting from international collaboration.

Abu Dhabi Sustainability Week (ADSW), coinciding with the Irena General Assembly, provides a platform to further build on these achievements and create the practical policy, technology and investment solutions needed to turn these outcomes into action.

According to him, ADSW reinforces the emirate’s position as an international hub to advance clean energy innovation.

“It convenes government officials, business leaders and energy innovators to build durable partnerships and address the world’s most pressing challenges in sustainability,” he added.-TradeArabia News Service




Tags: UAE | Renewable energy | economy |

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