06 Jumada I 1446 - 7 November 2024
    
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Eye of Riyadh
Business & Money | Thursday 3 October, 2024 10:12 am |
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UAE participates at meeting of BRICS Ministers of Energy in Russia

The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), participated in the meeting of BRICS Ministers of Energy in the Russian capital, Moscow.

 

At the meeting, Eng. Sharif Al Olama, Undersecretary of Energy and Petroleum Affairs at MoEI, highlighted that the UAE’s participation is in line with its commitment to multilateralism as an effective tool to overcome energy security challenges and build a better, more sustainable future for all.

 

He said, “As a member of BRICS, the UAE seeks to be a key driver of collective climate action, believing that international collaboration is the most viable means to tackle common energy obstacles and adopt innovative energy solutions.”

 

Al Olama added, “COP28 delivered the UAE Consensus, an ambitious response to the first ‘global stocktake' of the world’s efforts to address climate change. It provides the world with a roadmap for climate action to 2030 and paves the way for a new era of ambition, outlining a comprehensive set of actions for deep, rapid, and sustained reductions in greenhouse gas emissions in a nationally determined manner.”

 

He noted that the UAE continues to lead the charge in renewable energy deployment, with a focus on speeding up processes without compromising grid stability or security. By enhancing collaboration between regulators and industry, the UAE is set to not only meet but exceed its renewable energy targets, reaffirming its position as a pioneer in the global energy transition.

 

He concluded, “As the way forward, the UAE is committed to continuing on the same path, driving a robust energy transition at the scale and pace needed to meet climate commitments and achieve net zero by 2050.”

 

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