Latest news with #UAEConsensus'
Al Etihad
16-04-2025
- Business
- Al Etihad
Minister of Energy and Infrastructure reveals details of Global Energy Efficiency Alliance
16 Apr 2025 11:04 DUBAI (WAM)Minister of Energy and Infrastructure, Suhail Mohamed Al Mazrouei, revealed the details of the Global Energy Efficiency Alliance (GEEA), recently approved by the UAE Cabinet. GEEA aims to improve energy consumption across the board to double annual global energy efficiency rates by 2030, in line with the UAE's historic 'UAE Consensus' from the 28th UN Climate Change Conference (COP28).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 Minister underscored that GEEA will steer radical transformation in the global energy efficiency landscape, reducing carbon emissions and minimising natural resource 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 for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, Eng. Sharif Al Olama, 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.'
Gulf Today
31-03-2025
- Business
- Gulf Today
UAE reaffirms its commitment to driving energy transition
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 Brasilia, 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. In February, the UAE has participated in the first BRICS Sherpa meeting of 2025, which took place in the Brazilian capital, Brasilia, following Brazil's assumption of the group's presidency for this year. The UAE delegation was headed by Khamis Al shemaili, Secretary-General of the Council for Diplomatic and Consular Affairs at the Ministry of Foreign Affairs and Assistant Sherpa of the UAE to the BRICS group. The meeting focused on discussing the priorities set out by the Brazilian presidency, including expanding cooperation in the fields of health, financing efforts to combat climate change, and enhancing trade and investment. On the sidelines of the meeting, the UAE delegation held a series of bilateral meetings with representatives from Egypt, Russia, Brazil, Ethiopia, with discussions focused on strengthening bilateral cooperation and files of mutual interest. The UAE's participation in BRICS meetings underscores its steadfast belief that coordinated joint global action and multilateral cooperation are more important than ever to address global challenges, according to principles aiming to reinforce peace, stability, and global prosperity. The UAE is harnessing its BRICS membership to accelerate global economic growth, boost cross-border trade, and drive infrastructure development worldwide, panelists said during a panel discussion at the World Governments Summit (WGS), held in February in Dubai. Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, and Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development highlighted the UAE's strategic influence within BRICS. Serving as a vital logistics hub, the UAE is uniquely positioned to enhance trade connectivity among BRICS nations and beyond, enabling efficient and sustainable movement of goods. Today, BRICS countries are home to roughly 3.3 billion people — over 40 percent of the global population — and account for an estimated 37.3 percent of global GDP, according to the World Economic Forum (WEF) figures. The bloc is expected to surpass G7 in global trade by 2026. Bin Sulayem underscored the UAE's key role, saying, 'By leveraging our strategic location and advanced logistics capabilities, the UAE is enhancing supply chain resilience and strengthening trade corridors that will benefit economies worldwide.' The UAE has cemented its position as a permanent logistics hub for BRICS by developing multimodal trade routes that cut transit times and unlock growth opportunities. Al Suwaidi emphasised the UAE's commitment to fostering sustainable economic growth through its BRICS membership, stating, 'The UAE's inclusion in BRICS presents a unique opportunity to strengthen economic ties, not only through government cooperation but also by engaging the private sector. At ADFD, we are focused on financing projects that drive sustainable development, especially in sectors such as transport, energy, and infrastructure. These efforts are closely aligned with the BRICS agenda, contributing to the economic integration and connectivity between the UAE and BRICS member countries.' He added, 'As part of this, ADFD is prioritising large-scale infrastructure projects, including ports, railways, and airports, which are essential for enhancing trade flows and facilitating smoother economic exchanges. On the sustainability front, the UAE has committed US$400 million through ADFD to the Energy Transition Accelerator Financing (ETAF) platform, which is designed to accelerate the clean energy transition in emerging markets. This collaboration aligns with the BRICS focus on sustainable development and reflects our ongoing commitment to global renewable energy initiatives.' WAM
