ABU DHABI
The transition to a lower-carbon economy offers huge economic potential and the Middle East and North Africa (Mena) region has the experience and resources to unlock this potential, according to Dr. Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (Adnoc).
Speaking at the Ministerial Dialogue on Clean Energy Transitions and Economic Resilience in the Mena region organized by the International Energy Agency (IEA), Dr. Al Jaber explained that this is one of the reasons why the United Arab Emirates (UAE) has offered to host the 28th session of the Conference of the Parties (COP 28) as it plans to fully leverage this platform to reinforce that progressive climate action can create lasting economic prosperity for the region and beyond.
He pointed out that the natural attributes of the region, across both conventional and renewable energy, add up to a major competitive advantage for the region which it must capitalize on together. The UAE, as a first-mover in promoting and investing in advanced energy, has made major strides in this regard.
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