UAE hosts World Bank's Global Flaring and Methane Reduction Steering Committee Meeting
ABU DHABI (WAM)The UAE hosted the World Bank's Global Flaring and Methane Reduction (GFMR) Steering Committee Meeting on April 29-30, 2025 at the Abu Dhabi Energy Centre.The high-level meeting convened over 40 participants representing 12 countries and more than 25 international organisations, including ministerial delegations, national oil companies, multilateral development banks, and technical experts from across the global climate and energy community.The UAE, as a founding member to the Global Flaring and Methane Reduction (GFMR) Partnership and the largest contributor with a $100 million pledge, reaffirmed its global leadership in tackling one of the most potent and short-lived climate pollutants: methane.Methane has over 80 times the warming potential of carbon dioxide in the short term, making its reduction one of the fastest and most effective ways to slow global warming. GFMR exists to confront this challenge by funding high-impact projects that eliminate routine flaring, and reduce methane emissions from oil and gas operations worldwide.This year's Steering Committee Meeting in Abu Dhabi served as both a checkpoint and a launchpad, reviewing the impact of existing interventions while shaping the next generation of financing, governance, and technology deployment.Abdulla Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability, and UAE Board Member for GFMR, led the UAE participation, which included senior representatives from the Ministry of Foreign Affairs, Ministry of Industry and Advanced Technology, and the Abu Dhabi National Oil Company (ADNOC), who championed calls for transparent funding, equitable regional allocations, and the integration of cutting-edge technologies such as AI-based methane detection and blockchain verification systems.Abdulla Balalaa underscored the UAE's conviction that methane mitigation is both a climate necessity and an economic opportunity. The UAE is committed to ensuring that the GFMR remains a high-impact, transparent, and future-proof initiative, aligned with the UAE Consensus and the goals of the Paris Agreement.For its part, ADNOC has announced the investment of $23 billion in landmark decarbonisation projects, supported by advanced technologies such as artificial intelligence, and is working towards near-zero methane emissions and zero routine flaring by 2030.The UAE also announced its intent to propose a dedicated High-Impact Methane Regions Program at the next GFMR Steering Committee, aimed at accelerating implementation in underfunded geographies with the highest potential for rapid emissions reductions.
This milestone meeting builds on the momentum of the UAE's climate diplomacy leadership, reinforcing its role as a driving force in global methane abatement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
an hour ago
- Al Etihad
ADNOC ranked 6th most valuable global energy brand in Brand Finance Energy 100 report
6 Aug 2025 23:26 ABU DHABI (ALETIHAD)ADNOC has been ranked the sixth most valuable global energy brand in Brand Finance's inaugural Energy 100 brand value now stands at $19 billion, up 25 per cent on last year. Its rise in the global brand value rankings marks progress for the Finance has also confirmed that Dr. Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO, was the top ranked 'brand guardian' among global energy Sultan Ahmed Al Jaber has transformed ADNOC into an advanced and progressive international energy company at the forefront of artificial intelligence and advanced technology deployment. He has been recognised by Brand Finance for his visionary leadership, elevating ADNOC's brand and creating long-term Finance's first Energy 100 report reveals the most valuable and strongest oil and gas and utility brands for 2025. According to Brand Finance, brand value is the net economic benefit a brand owner would achieve by licensing the brand in the open market. Brand value is determined through a balanced scorecard of factors, including marketing investment, stakeholder equity and business performance. Source: Aletihad - Abu Dhabi
UAE Moments
3 hours ago
- UAE Moments
Your Daily Career Tarot Card Reading for August 7th, 2025
7.8.25 Temperance: If you've been thinking about a business partnership or collaborating on a project, this card comes to let you know that with the right person you can make magic. You'll likely know when you have met them as you'll notice the chemistry between you right off the bat. Go for it - as combining their skills and abilities with yours could be a winning combination.
Khaleej Times
4 hours ago
- Khaleej Times
Emirates signs major partnership deal with Bayern Munich
Emirates has entered a landmark seven-year partnership with Bayern Munich, 34-time Bundesliga champions and six-time UEFA Champions League titleholders. The agreement positions Emirates as Platinum Partner of FC Bayern Munich's first team from the 2025-26 season through to the 2031-32 season. The football powerhouse is one of the most widely supported and respected clubs worldwide, with a highly engaged global fanbase of more than 140 million people, enjoying strong brand recognition rooted in a unique Bavarian identity. Bayern also enjoy a robust club membership of 410,000, one of the largest in the football world, demonstrating deep community support and engagement. It also has fanclubs spanning more than 100 countries, reflecting its massive international appeal. The multi-year partnership provides Emirates with prominent brand visibility on perimeter stadium and LED boards seen by global audiences as well as two premium pitch cam carpets. The agreement also includes exclusive ticket and hospitality allocations, plus a dedicated Emirates skybox at the club's home stadium, Allianz Arena. Additionally, Emirates will have access to FC Bayern Munich's collective player images. The airline's branding will also feature prominently in Club TV backdrops during press conferences, flash zone interviews and other public and digital events. "We are immensely proud to partner with FC Bayern—Germany's most iconic football club and a true global sporting giant. This landmark partnership represents far more than a commercial agreement; it embodies our deep commitment to Germany, which stands as a cornerstone of our European network," said Tim Clark, President Emirates Airline. "By aligning ourselves with this legendary sporting institution, we're forging a connection to the Club's rich heritage and its extraordinarily passionate community. Few forces match sport's remarkable capacity to unite hearts and minds across cultures and continents, and we look forward to building meaningful relationships with millions of devoted FC Bayern fans around the world, while celebrating excellence, a value that defines both Emirates and FC Bayern.' Meanwhile, Michael Diederich, Deputy Chairman of FC Bayern, hailed Emirates as a 'committed supporter of football in Europe for decades'. 'FC Bayern also needs financial planning security to achieve its sporting goals, so Emirates is an ideal fit for our club's family of partners. It will also help us that Emirates connects football fans around the world and can support FC Bayern in its internationalisation plans," Diederich said. This new partnership also marks Emirates' official return to the German football league. With the club's fanbase rapidly expanding in key markets across Asia and the US, Emirates is perfectly positioned to strengthen that connection through its extensive global network and world-class service. Football remains one of the most celebrated sports within Emirates' portfolio, exemplified through prestigious partnerships with global football clubs and premier tournaments. The airline's 'Fly Better' logo features on the football jerseys of leading European clubs like Real Madrid, Arsenal FC, AC Milan, Benfica SL and Olympique Lyonnais, in addition to naming rights to Arsenal's Emirates Stadium. Emirates' logo will also feature on the back of Al Ain FC's First Team's Training Shirt throughout the 2025/2026 season. Emirates has also been the Title Partner of The FA Cup for almost a decade, known as The Emirates FA Cup, the oldest and biggest domestic football tournament in the world. In its home base of the UAE, the airline supports the UAE Pro League.
