Latest news with #UAEConsensus
Al Etihad
06-05-2025
- Business
- Al Etihad
FGV hosts UAE Minister for International Cooperation for strategic fireside chat on BRICS 2025, bilateral cooperation with Brazil
6 May 2025 12:59 RIO DE JANEIRO (WAM) The Fundação Getulio Vargas (FGV), through its International Affairs Division (FGV DINT), in partnership with the Embassy of the United Arab Emirates in Brazil, hosted an exclusive fireside chat with Reem Al Hashimy, Minister of State for International Cooperation, at FGV's headquarters in Rio de event, titled BRICS & Beyond: A High-Level Dialogue, brought together policymakers, diplomats, academics, leaders from both the public and private sectors, and FGV students, to discuss the UAE's role in BRICS, key opportunities from the growing strategic partnership between the UAE and Brazil, and cooperation across Latin America and Al Hashimy emphasised the UAE's vision for deeper collaboration with Brazil across trade, 'green' technology, renewable energy, sustainability, and innovation-driven sectors. She underscored that the UAE considers diversity as a strength and believes in building bridges through dialogue, partnerships, and shared a member of BRICS, the UAE considers the group as a crucial platform for cooperation among emerging economies, and an opportunity to actively contribute to global peace, stability, and inclusive economic growth. She highlighted that the UAE's engagement in BRICS reflects its broader foreign policy focus on championing cultural multilateralism and engaging constructively across key international and multilateral Al Hashimy highlighted the UAE's strategic objectives within BRICS, including strengthening economic cooperation with Member States, reinforcing the country's role as a global economic hub, and expanding its network of strategic Al Hashimy also reiterated the UAE's commitment to tripling global renewable energy capacity by 2030, which aligns with the UAE Consensus, the agreement signed by 198 parties at the momentous COP28 climate conference in Dubai in 2023. In this regard, Al Hashimy discussed bilateral initiatives such as joint ventures in solar energy and strategic minerals, and highlighted a January 2025 Memorandum of Understanding aimed at boosting investment and facilitating technology transfer in critical sectors such as mineral processing and 'green' underlined the importance of people-to-people connections as a foundation for long-term bilateral engagement, citing educational, cultural, and professional exchanges as strategic tools to strengthen ties between the UAE and fireside chat, moderated by journalist Catherine Osborn (foreign correspondent in Brazil and columnist for Foreign Policy), was opened by FGV President Carlos Ivan Simonsen Leal, who emphasised the importance of education as a foundation for long-term cooperation and mutual understanding. He highlighted FGV's role as a global platform for academic exchange and policy dialogue and reaffirmed the institution's commitment to promoting strategic partnerships that connect Brazil to key regions of the world, including the Lima, Director for International Affairs at FGV, noted that initiatives such as this dialogue with the UAE are essential for preparing future leaders to face global challenges with technical expertise, ethics, and a global perspective, and for strengthening international cooperation through education and knowledge-sharing. The event provided a platform for open, forward-looking discussions, reinforcing the evolving Brazil–UAE partnership and reflecting FGV and the UAE Embassy's shared commitment to fostering high-level dialogue, strategic cooperation, and global engagement.
Al Etihad
02-05-2025
- Business
- Al Etihad
UAE hosts World Bank's Global Flaring and Methane Reduction Steering Committee Meeting
2 May 2025 18:05 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 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 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: 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 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 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 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 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 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.
Trade Arabia
16-04-2025
- Business
- Trade Arabia
GEEA aims to double annual energy efficiency by 2030
The Global Energy Efficiency Alliance (GEEA) aims to double annual global energy efficiency rates by 2030, in line with the UAE Consensus from the 28th UN Climate Change Conference, reported WAM. UAE Minister of Energy and Infrastructure, Suhail Al Mazrouei, announced the details of the GEEA, approved by the UAE Cabinet. The Alliance seeks to achieve this target through implementing unified policies and criteria that improve sectoral performance, enhance international cooperation to advance knowledge exchange, enable developing countries to adopt energy efficiency solutions, and provide a global platform for sharing successful energy efficiency technologies and initiatives. The Minister underscored that GEEA will steer radical transformation in the global energy efficiency landscape, reducing carbon emissions and minimising natural resource consumption. He said, 'The launch of GEEA reflects the UAE's steadfast commitment to supporting global efforts towards achieving the UN Sustainable Development Goals (SDGs), advancing collective climate action, and preserving natural resources. Through the Alliance, we aim to provide innovative solutions and cutting-edge technologies that can help countries achieve higher energy efficiency rates, particularly in areas that face challenges in securing funding and technological support.' He added, 'GEEA is a global platform to share experiences and knowledge, allowing members to leverage success stories in enhancing energy efficiency. This will contribute to developing unified tools to measure progress in related initiatives. We, in the UAE, will play a leading role in this Alliance through sharing our best practices and presenting our PPP models. The launch of the Alliance was a direct result of a global willingness to increase the efficiency of energy consumption.' Minister Al Mazrouei invited countries and international corporations to come on-board and join GEEA as through collective action, progress can be made. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, said, 'Energy efficiency is a pivotal element in achieving the objectives of the Paris Agreement and the UAE Consensus. The success of GEEA in mobilising international momentum and aligning the efforts will drive climate action and contribute to building a sustainable future for mankind.' He added, 'The UAE will be at the forefront of sharing energy efficiency know-hows, driving cross-border synergies with state and private sector stakeholders, and offering technical support for member countries to achieve the objectives of the Alliance. GEEA also seeks to build related national capacities through offering training on proven energy efficiency measures.'
Hi Dubai
16-04-2025
- Business
- Hi Dubai
UAE Launches Global Energy Efficiency Alliance to Drive Climate Action
The UAE has officially launched the Global Energy Efficiency Alliance (GEEA), a bold new initiative aimed at doubling global energy efficiency rates by 2030. The announcement was made by Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, following the UAE Cabinet's recent approval of the Alliance. GEEA aligns with the landmark UAE Consensus from COP28 and is designed to transform global energy consumption patterns. It will do so by setting unified efficiency standards, enhancing international cooperation, and supporting developing nations with access to innovative solutions and funding. 'The launch of GEEA reflects the UAE's unwavering commitment to the UN Sustainable Development Goals and global climate action,' said Minister Al Mazrouei. 'Through this platform, we aim to share cutting-edge technologies and proven models, particularly with countries facing technological and financial barriers.' The Alliance will serve as a central hub for exchanging knowledge and best practices in energy efficiency. It also aims to create unified tools for tracking progress, while offering technical support and capacity-building programs to member states. Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs, emphasized that energy efficiency is a critical lever for achieving the Paris Agreement and the UAE Consensus goals. 'By mobilizing international collaboration, GEEA will accelerate climate action and help build a sustainable future for all.' The UAE will take a leading role in the Alliance, offering its public-private partnership models and energy know-how. Al Mazrouei invited nations and corporations worldwide to join the initiative, underlining that collective action is essential to driving meaningful change. News Source: Emirates News Agency
Zawya
01-04-2025
- Business
- Zawya
UAE reaffirms commitment to global energy transition at BRICS meeting
BRASÍLIA: The United Arab Emirates has reaffirmed its commitment to advancing the global energy transition and strengthening international cooperation to ensure energy security, underscoring its position as a reliable strategic partner in this vital sector. The pledge came during the participation of the UAE Ministry of Energy and Infrastructure in the Second Meeting of BRICS Committee of Senior Energy Officials, held in Brasília, with the presence of high-level representatives from member states. The meeting focused on achieving a balance between energy security and sustainable development, while promoting a shift towards a low-carbon future. Participants highlighted the UAE's pioneering role in ensuring global energy supply security and its leading position in energy transition, hydrogen, and its derivatives. The UAE Ministry of Energy and Infrastructure presented the country's accomplishments in the energy sector, including global leadership in universal access to electricity and clean cooking fuels, investments in renewable and clean energy projects, and improved energy efficiency. These achievements reflect the UAE's dedication to fulfilling the United Nations Sustainable Development Goal 7. The meeting also stressed the importance of implementing the outcomes of the historic "UAE Consensus" reached at COP28, which aims to triple global renewable energy capacity and double energy efficiency by 2030 – objectives that align with the BRICS vision for a sustainable, clean-energy future.
