12/03/2018 Environment and energy | His Excellency Dr Thani Ahmed Al Zeyoudi
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Keeping that in
mind and given the fact that the UAE - one of the ten largest oil producing
countries in the world - has committed to clean energy resource development at
a time oil prices recorded over $80 a barrel and peaked two years later at $130
a barrel, I would like to raise a very important question: Was the UAE acting
of its own volition or to meet a necessity?
The inclination of
our wise leadership to reaffirm the UAE’s position at the forefront of global
efforts to address common challenges shows that the drive to increase the local
dependence on renewable energy, particularly solar power, and boost its demand globally
was in deed an act of its own volition that targeted creating a better future
for generations to come.
The approach
taken by the UAE leadership has been underlined by the exacerbated level of
these challenges, such as the impact of climate change on millions of people
around the world, and expectations for energy demand growth of at least 25%
over the next decade, driven by the growth of the global economy, which was difficult
to meet by a single source of energy. Therefore, it was essential for the world
to strive to provide the required energy supplies through safe, sustainable and
environmentally friendly sources that contribute to reducing the impacts of
climate change.
Since 2006, the
UAE launched several projects and initiatives in this regard. A testimony of
the UAE’s leading global position as the capital of clean energy is that Abu
Dhabi was unanimously approved as the headquarters of the International
Renewable Energy Agency (IRENA) in 2009.
A major turning point in the efforts exerted by the UAE to bolster clean
energy use is the establishment of Masdar, the regional leader and a major
international player in renewable energy development. Masdar helps the UAE go
the extra mile, by scrutinizing top-notch global technologies and customizing
them to suit the country’s specific needs to optimize their returns. The volume of investments so far made by
Masdar is around USD 1.7 billion in global renewable energy projects, which
have a capacity of about 2.7 GW.
In the past decade, the UAE has intensified
its efforts towards deploying solar energy solutions. The country has secured a
prominent place in the international solar energy industry through developing
world-class solar energy projects, including Sheikh Mohammed bin Rashid Al
Maktoum Solar Complex in Dubai, which is the world’s largest Concentrated Solar
Power project in the world, using the Independent Power Producer model and
generating 5000 megawatts when completed in 2030. The Zayed Renewable Energy
Complex in Abu Dhabi is another UAE major solar energy project.
Moreover, the UAE Energy Strategy 2050 targets to increase the contribution of
clean energy in the overall national energy mix to 50% by 2050, saving $190 billion
of overall energy cost until 2050.
As for its global
efforts in this field, the UAE, driven by its commitment to climate
change mitigation and improving the lives of hundreds of millions of people living
in communities most vulnerable to the impacts of climate change, has officially
approved last February joining the International Solar Alliance, which aims to
help developing countries harness 1,000 GW of solar by 2030. The UAE has also launched many initiatives to provide the
necessary funding to carry out and develop renewable energy generation projects,
such as the initiatives taken by Abu Dhabi Fund for Development and Masdar.
The UAE, thanks to its wise leadership,
remains steadfast in its efforts to support and deploy renewable energy
solutions, particularly solar energy, both locally and internationally. These efforts
have more profound goals to achieve than a mere diversification of the energy
sources and preparing for the post-oil era. These goals are to ultimately save
millions of lives who are at risk due to climate change around the world and
ensure a better, sustainable future for next generations.
By:
His Excellency Dr. Thani bin Ahmed Al
Zeyoudi
Minister of Climate Change and Environment
Anonymous Commented on 14/06/2018
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