Economy

COP28 President receives the Positive Impact Award from "World Energy Council"

– Sultan Al Jaber receives the “Positive Impact Award in the Field of Orderly and Responsible Transition in the Global Energy Sector and Sustainable Economic Development,” which is given for the first time in recognition of his leadership role in uniting the world’s efforts around the historic “UAE Agreement.”

Dr. Angela Wilkinson, Secretary-General and CEO of the World Energy Council, receives the award to His Excellency Dr. Sultan Al Jaber. She praises his extensive efforts that set a new path to accelerate the reduction of emissions in the global energy sector in a logical, responsible, fair and orderly manner that contributed to creating a long-term positive impact on the economy, societies and the environment.

– Sultan Al Jaber:

The forward-looking vision of the leadership contributed to the UAE playing a pioneering role globally in the areas of climate and environmental action, and achieving sustainable economic and social development for all.

This honor is due to the forward-looking vision of the leadership in the UAE and its role in creating a better future for the world and establishing consensus around the historic “Emirates Agreement”.

The global energy sector has witnessed major changes in the past century, with the production capacity of wind and solar energy increasing 8 times in the past twenty years, and the UAE has played a pioneering role in this growth through “Masdar.”

Traditional fuels constitute 80% of the energy sources currently used in the world, and with demand expected to increase by 23% in the next twenty years, the world needs an organized and practical road map to achieve an orderly, responsible and just transition in the energy sector.

Renewable energy alone will not be able to meet the growing global demand, and investment must be made in various solutions that include nuclear energy, gas, hydrogen, and geothermal energy.

Rotterdam, April 22 / WAM / His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, President of the COP28 Conference of the Parties, confirmed that the forward-looking vision of leadership has enabled the UAE to play a pioneering role globally in all fields, including climate and environmental action, and achieving economic and social development. Sustainable for all.

This came in His Excellency’s speech during his honor at the 26th World Energy Conference in Rotterdam, the Netherlands, where he received the “Positive Impact Award in the field of orderly and responsible transition in the global energy sector and sustainable economic development,” in appreciation of his exceptional efforts in uniting the world’s efforts around the historic UAE agreement that Since COP28, it has become the international framework for global climate action, and has set clear paths to preserve the possibility of avoiding global warming beyond 1.5 degrees Celsius, by transforming pledges into tangible results, and ensuring the implementation of the necessary actions at the global level.

On the occasion of receiving the award granted by the World Energy Council for the first time, His Excellency said: “This honor represents an appreciation for the forward-looking vision of the wise leadership in the UAE, and its role in mobilizing the world’s efforts to confront the repercussions of climate change, and calling for achieving an orderly, responsible, just and logical transition in the sector.” Energy, and establishing global consensus around the “Emirates Agreement”.

He added that this pioneering agreement was a historic milestone for diplomatic work in the field of climate, and included a series of initiatives that were the first of their kind in the world, which included the agreement of all parties to achieve an orderly, responsible, fair and logical transition to an energy system free of traditional fuels whose emissions are not mitigated, and setting goals. Specific to tripling the global production capacity of renewable energy sources, and providing the opportunity for the first time through the Conferences of the Parties to industrial sectors, especially the oil and gas sector, to proactively participate in finding solutions.

His Excellency affirmed the success of COP28 in containing everyone in an unprecedented way despite the various geopolitical tensions, helping the world to give priority to common interests over self-interests, and defining clear paths based on scientific facts to achieve the desired climate goal, which is to preserve the possibility of avoiding the rise in global temperature exceeding the 1.5 level. Celsius.

His Excellency called on the countries of the world to come together to transform the exceptional “UAE Agreement” into effective and unprecedented practical steps.

On the occasion of this year’s World Energy Conference celebrating the 100th anniversary of its holding for the first time, His Excellency highlighted the major change witnessed in the global energy mix, through increasing the production capacity of wind and solar energy 8 times.

His Excellency explained that the UAE has a leading role in this growth, pointing to the wind turbine projects in the North Sea, in which the UAE invested through the Abu Dhabi Future Energy Company “Masdar”, and through which the country contributes to Europe playing a leading role globally in the field of energy. Winds such as the London Array, Dudgeon, Dogger Bank and Eagle Baltic stations.

He pointed out that traditional fuels still constitute 80% of the energy sources currently used in the world, and that with the expectation that demand for energy will increase by 23% in the next twenty years, the world needs an organized and practical road map to achieve an orderly, responsible and just transition in the energy sector. Which constitutes a huge challenge at the political, social, economic, technological and engineering levels.

His Excellency stressed that success in confronting this challenge requires that all concerned parties play their required role in this field, and renewed his call for countries to set comprehensive goals for reducing emissions at the level of economies in the next round of nationally determined contributions, and for industrial sectors to cooperate in removing emissions from both the demand and supply sides. In the current energy system.

He explained that increasing the production capacity of renewable energy three times constitutes the beginning of the required effort, pointing to the world’s need to expand sources of nuclear energy, gas, hydrogen, geothermal energy, and other emissions-free energy sources that have not yet been discovered or used.

He also stressed the need to improve the efficiency of the energy value chain, saying: “Adopting advanced technology and artificial intelligence can bring about a radical change.”

His Excellency Dr. Sultan Ahmed Al Jaber called for an integrated approach to deal with the transition in the energy sector, so as to achieve the required communication between major industrial consumers, producers, technology companies, the financial community, civil society, and policy makers.

He said that COP28 constituted a historic turning point and a milestone in which the world dealt realistically and seriously with the desired transition in the energy sector and its requirements. He reiterated that this transition will take time and will be achieved at different speeds according to different places and circumstances, and that the world cannot abandon the energy system. The current energy system before building the future energy system on sustainable economic foundations.

At the conclusion of his speech, His Excellency explained that the world’s making the right investments will contribute to creating new industries and jobs, and launching a new low-emission economic path. He called on all concerned parties in governments, the private sector, and civil society organizations to unify efforts and implement effective practical measures based on facts. scientific research, to maintain the possibility of achieving the 1.5°C target, and to promote human progress.

For her part, Dr. Angela Wilkinson, Secretary-General and CEO of the World Energy Council, expressed the Council’s happiness in awarding the “Positive Impact Award in the Field of Global Energy Transition” in its first edition to His Excellency Dr. Sultan Al Jaber for his success in reaching the historic “UAE Agreement” during COP28. And his efforts to accelerate emissions reduction by launching alliances targeting the transition to climate neutrality across various energy sectors.

Dr. Angela Wilkinson, who presented His Excellency Dr. Sultan Al Jaber with the award, praised his extensive efforts that set a new path to accelerate the reduction of emissions in the global energy sector in a logical, responsible, fair and orderly manner, and contributed to creating a long-term positive impact on societies and the environment.

It is worth noting that the “World Energy Conference”, the first edition of which was held in 1924, is one of the most important events organized by the World Energy Council, which was founded in 1923 in London and is an independent, non-profit international organization that includes about 100 national committees representing more than 3,000 member organizations, including: This is done by governments and industrial institutions with the aim of promoting sustainable supplies and uses of energy.

The conference, which is held in various parts of the world, brings together under its umbrella many ministers, CEOs and experts to discuss important developments in the energy sector.

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