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Innovative policies are vital to increasing energy demands and achieving net zero emissions. And governments hold a significant task to drive collaboration and investment for the future of energy supply.
At ADIPEC 2023, ministers stressed the importance of facilitating a low-carbon future, slashing emissions, and boosting economic growth.
The UAE is set to generate a total capacity of 19.8 gigawatts of clean energy by 2030, Suhail bin Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said, adding that the country aims to produce 1.4 million metric tonnes of low-carbon hydrogen per annum by 2031 and 15 million metric tonnes per annum by 2050.
Meanwhile, Jordan’s energy minister, Saleh Kharabsheh, announced that the country plans to raise its renewable energy targets by the end of the year or by early 2024. Renewable energy accounts for nearly 27% of the country’s power, close to their target of 30% by 2030.
He adds that companies from South Korea, Japan, UAE, Saudi Arabia, Germany, the US, and Britain have similarly expressed interest in Jordan’s green hydrogen goals, with preliminary agreements expected to be signed during the coming two months.
Al Mazrouei affirmed that international collaboration is crucial to addressing energy challenges.
Tayba Al Hashemi, Chair of ADIPEC 2023 and CEO of ADNOC Offshore said, “By 2030, the world will be home to an additional half a billion people, demanding more energy every year. At the same time, the global challenge of climate change calls for urgent, game-changing solutions to eliminate emissions. Every government, industry, business, and individual has a role in decarbonizing quicker and creating the future of energy faster while safeguarding energy security and ensuring nobody is left behind.”
“We need to keep the politics aside and, as OPEC, work as a technical group,” said Al Mazrouei.
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Najla Al-Midfa on fueling innovation and entrepreneurial spirit