UAE Unveils Global Energy Efficiency Alliance at COP29
New initiative aims to reduce emissions and boost energy efficiency by 2030
UAE Launches ‘Global Energy Efficiency Alliance’ at COP29 to Tackle Emissions and Boost Global Efficiency
BAKU [Azerbaijan], November 15: The “Global Energy Efficiency Alliance” program, which the United Arab Emirates unveiled at COP29, intends to cut emissions and quadruple annual global energy efficiency rates by 2030.
In keeping with the UAE’s historic ‘UAE Consensus’ from COP28, nations, businesses, and organizations pledged to cut carbon emissions and usage of natural resources.
Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), made the remarks to the Emirates News Agency (WAM) on the sidelines of the UAE’s national pavilion events at COP29 in Azerbaijan.
He said the UAE’s initiative to establish the Global Energy Efficiency Alliance came as a result of the global desire to increase energy efficiency and discussions were held with many countries around the world who welcomed the establishment of the alliance.
Al Olama emphasized that the UAE will take the lead in this alliance by providing best practices in the areas of energy efficiency, knowledge exchange and partnership models with the private sector.
He called on governments, organizations and leaders to join the coalition, join efforts to set ambitious targets that encourage investments in energy efficiency projects, and develop the policies and technologies needed to achieve sustainability goals.
He said the alliance aims to reduce carbon emissions and reduce consumption of natural resources by promoting knowledge sharing, capacity building, public-private partnerships and standardization. It will encourage investments in energy efficiency projects and promote the policies and technologies needed to achieve sustainability goals.
He noted that the alliance seeks to compile and share best practices for improving energy efficiency from its member countries, especially with African countries. This includes initiatives related to critical financial and technical solutions for Africa.
