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Building on a 40-year legacy of energy leadership
Oil and Gas News
|November 2024
As the energy industry looks to the future, the challenge will be to harness the potential of emerging technologies while addressing the pressing need for decarbonisation; and ADIPEC provides an opportunity for industry leaders to explore these themes and collaborate on solutions
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As the world prepares for ADIPEC 2024, the significance of this year’s event cannot be overstated. This year, ADIPEC will focus on collaborative actions to accelerate the energy transition while ensuring energy security.
Building on a 40-year legacy, ADIPEC is set to unite global energy leaders, policymakers, and innovators in a pivotal dialogue about the future of energy.
In an interview with Energy Connects, Suhail Al Mazrouei, the UAE Minister of Energy and Infrastructure, emphasised the country's commitment to shaping a sustainable future in a complex global energy landscape.
The UAE has been proactive in implementing strategies for energy diversification and security, a mission that has gained urgency given recent global events.
“Our pivotal role in ensuring stable energy supplies worldwide has assumed even greater significance,” Al Mazrouei stated.
Highlighting the success of COP28, he reaffirmed the necessity for swift action in sustainability initiatives.
The UAE has pioneered significant advancements over the past 15 years, such as establishing Masdar, the Abu Dhabi Renewable Energy Company, in 2006.
It was also the first nation in the Mena region to launch a Net-Zero by 2050 Strategic Initiative, aiming to deploy 100 GW of clean energy by 2035 through the UAE-US Partnership for Accelerating Clean Energy (PACE).
This forward-thinking approach is encapsulated in the updated UAE Energy Strategy 2050, which aims to increase the share of clean energy in the national energy mix while achieving net-zero emissions.
Al Mazrouei emphasised: “Our endeavour is to build a balanced energy system that is both cost-effective and reduces emissions.”
The commitment to sustainability positions the UAE as a global leader in energy innovation and a model for other nations.
BALANCING ENERGY SECURITY WITH TRANSITION
This story is from the November 2024 edition of Oil and Gas News.
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