UAE Unveils Energy Efficiency Alliance at COP29

The UAE has announced the establishment of the Global Energy Efficiency Alliance at COP29 in Baku, Azerbaijan. This initiative aims to double annual global energy efficiency rates by 2030, aligning with the UAE’s commitment to reducing carbon emissions and promoting sustainable resource use. Building on the historic ‘UAE Consensus’ established at COP28, this alliance seeks to foster international collaboration and innovation in energy efficiency, emphasizing the role of knowledge sharing, partnerships, and investment in achieving sustainability goals.

Key Highlights of the Initiative

Objective and Goals

• Doubling global energy efficiency rates annually by 2030.

• Reducing carbon emissions and minimizing natural resource consumption.

Alignment with UAE Policies

• Builds on the ‘UAE Consensus’ established during COP28.
• Reinforces the UAE’s leadership in sustainability and global climate action.

Global Collaboration

• Discussions held with countries worldwide, garnering strong support for the alliance.
• Encourages governments, organizations, and private-sector leaders to join forces.

Role of the UAE

• UAE to act as a global leader by sharing best practices in energy efficiency.
• Focus on knowledge transfer, capacity building, and public-private partnerships.
• Promoting policy development and technological advancements to drive sustainability.

Focus on Africa

• Special emphasis on supporting African nations with tailored financing and technological solutions.
• Sharing best practices and solutions to address unique regional challenges.

Key Benefits of the Alliance

• Promotes global knowledge sharing and standardization of energy efficiency practices.
• Encourages investment in energy efficiency projects.
• Develops policies and technologies essential for achieving sustainability goals.

Call to Action

• Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs, urged all stakeholders—governments, organizations, and industry leaders—to join the alliance. He emphasized the need for ambitious goals and collaborative efforts to accelerate the global transition towards sustainable energy practices.

• By spearheading this initiative, the UAE is reinforcing its position as a global leader in climate action and energy efficiency, paving the way for a sustainable future.