NEWS – UAE Launches Global Energy Efficiency Alliance at COP29

HIGHLIGHTS

• Main Goal: To double global energy efficiency rates by 2030.
• Context: The initiative builds upon the ‘UAE Consensus’ from COP28, aimed at reducing carbon emissions and promoting sustainable resource management.

UAE’s Role and Leadership

• Leadership: The UAE will lead the alliance, offering its expertise in energy efficiency.
• Knowledge Sharing: Emphasis on transferring knowledge and fostering collaboration with the private sector.
• Partnership Models: The UAE will build effective partnerships to advance energy efficiency globally.

Objectives of the Alliance

• Carbon Emission Reduction: Aiming for substantial reductions in carbon emissions.
• Sustainable Resource Management: Promoting the efficient use of natural resources worldwide.
• Capacity Building and Standardization: Fostering better practices through capacity building and creating global energy efficiency standards.

Focus Areas and Strategic Goals

• Public-Private Partnerships: Encouraging strategic collaborations to improve energy efficiency.
• Investments: Bolstering investments in energy efficiency projects and initiatives.
• Best Practices: Compiling and disseminating best practices across regions.

Special Focus on Africa

• Support for African Nations: Providing targeted assistance for Africa’s energy sustainability.
• Technological and Financing Solutions: Developing vital financing options and technological solutions for Africa’s energy efficiency progress.