Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure. Photo: WAM

The United Arab Emirates announced the launch of an initiative to establish the “Global Energy Efficiency Alliance” at COP29, aiming to double annual global energy efficiency rates by 2030 and reduce emissions.

This initiative aligns with the UAE’s historic strategy.United Arab Emirates consensus of COP28, where countries, organizations and businesses are committed to reducing carbon emissions and minimizing the consumption of natural resources.

Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), said in statements to the Emirates News Agency (WAM) on the sidelines of the Emirates National Pavilion events United Arabs at COP29 in Azerbaijan.

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He added that the UAE’s initiative to create the Global Energy Efficiency Alliance is the result of a global desire to increase energy efficiency, and discussions have been held with many countries across the world who welcomed the creation of the Alliance.

Al Olama highlighted that the UAE will play a leading role in this alliance by providing best practices in the areas of energy efficiency, knowledge transfer and partnership models with the private sector.

He called on governments, organizations and leaders to join the alliance and join efforts to set ambitious targets that encourage investments in energy efficiency projects and develop the policies and technologies necessary to achieve sustainability goals .