UAE Towards Net Zero

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UAE TOWARDS

NET ZERO K H A L E E J T I M E S | M O N DAY, N OV E M B E R 7, 2022

With this year’s COP27 scheduled to take place in Egypt, followed by COP28 in the UAE, the future of the global effort against climate change is focussed on the MENA region

Quest For Clean Energy

Muhammad Ali Bandial

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ali@khaleejtimes.com

n the backdrop of the pandemic and the ensuing global upheaval caused by forces of nature that are starting to occur at greater frequencies, the call for reining in forces to tackle climate change gets more and more acute by the day. As a result, global leaders and countries have come together to make a concerted effort towards driving down carbon emissions and to achieve net zero. Infact, more than 70 countries, including some of the biggest polluters, have set a net zero target, covering about 76 per cent of global emissions. Over 1,200 companies have put in place sciencebased targets in line with net zero, and more than 1,000 cities, over 1,000 educational institutions, and over 4,00 financial institutions have joined the ‘Race to Zero’, pledging to take rigorous, immediate action to halve global emissions by 2030. The increasing importance of achieving net zero is backed by science, which clearly shows that in order to avert the worst impacts of climate change and preserve a livable planet, global temperature increase needs to be limited to 1.5°C above pre-industrial levels. To keep global warming to no more than 1.5°C — as mandated in the Paris Agreement — emissions need to be reduced by 45 per cent by 2030 and reach net zero by 2050. It is a gigantic ordeal that cannot be faced by any country on its own. Transitioning to a net zero world is one of the greatest challenge human kind has faced, calling for a collective effort to completely transform how we produce, consume, and move about. In this regard, the greatest responsibility falls on governments to buttress and streamline the transition to net zero.

Mariam bint Mohammed Saeed Hareb Almeheiri Minister of Climate Change and Environment

As one of the leading nations in the MENA region and also a major player on the global stage, the UAE is fully committed to playing an exemplary role in this mission. The deployment and use of clean energy solutions is one of the main pillars of the UAE’s model of addressing the challenge of climate change and reducing GHG emissions. The country began financing clean energy projects more than 15 years ago, and has invested over $40 billion in the sector to date. Current trends predict the production capacity of clean energy, including solar and nuclear, to reach 14 GW by 2030, up from about 100 MW in 2015 and 2.4 GW in 2020. The UAE supports green infrastructure and clean energy projects worldwide, and has invested in renewable energy ventures worth around $16.8 billion in 70 countries with a focus on developing nations. It has also provided more than $400 million in aid and soft loans for clean energy projects. Thus, the UAE Net Zero by 2050

Healthy Living Is Only Possible On A Healthy Planet

Oral Bozkurt General Manager and Regional Director at Beko Gulf FZE, talks about the company’s sustainability journey

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ur journey started in 1955. As well as being one of the top three large home appliance brands in Europe*, Beko is owned by Arçelik, a global player that engages in the production and marketing of durable goods, consumer electronics, and after-sale services. Beko’s brand purpose is empowering future generations to live healthier lives, which is only possible by living more sustainably and working towards a healthier planet. Our company’s 2030 targets fit into the principles of sustainable growth and value creation and are aligned with the United Nations Sustainable Development Goals (SDGs). “We embarked on a journey to make a difference with a holistic sustainability approach we call ‘In Touch Technology’. By making sustainability a business model and integrating it into everything we do, Beko strives to reduce human environmental damage through developing high-performance, durable, affordable home

appliances that are also ecofriendly”, explains Oral Bozkurt, General Manager and Regional Director at Beko Gulf FZE. “We hear our consumers and strive to be a positive force for change in line with the shift in consumer demand. At Beko, we have been focusing on environmentally-friendly living for a number of years, raising awareness and democratising technology that makes eco-living possible, affordable, and convenient,” Bozkurt adds. “Through our strategic investments in green energy, energy efficiency and green financing, we aim to achieve our robust emission reduction targets and align ourselves with the Paris Agreement’s 1.5°C goal,” he emphasises. “In line with the near zerowaste concept, we aim to increase the waste recycling rate in manufacturing to 99 per cent in global operations by 2030. Thanks to these practices endorsing circular economy, we reduce waste generation and the amount of waste regularly sent to landfills or for incineration, excluding those sent for energy recovery,” Bozkurt concludes. *Source Euromonitor International Limited; Large Appliances as per “Major Appliances” in Consumer Appliances 2022ed, retail volume, 2021 data.

strategic initiative is a national drive to achieve net zero emissions by 2050, making the Emirates the first nation in the MENA region to do so. The major economic opportunities offered by the path to net zero directly support a vision to develop the Emirates into the most dynamic economy in the world, simultaneously aligning with the Principles of the 50 — the UAE’s roadmap for accelerating national economic development to mark the country’s golden jubilee year, as the nation enters a new 50-year cycle of growth. The initiative also syncs with the Paris Agreement, calling on countries to reduce greenhouse gas (GHG) emissions and limit the rise in global temperature to 1.5°C. The Ministry of Climate Change and Environment (MOCCAE) has been tasked with the role of executing the UAE Net Zero by 2050 strategic initiative and ensuring collaboration at national level to fulfil this objective. Stakeholders in key sectors, such as energy, economy,

industry, infrastructure, transport, waste, agriculture, and the environment, will update relevant plans, strategies, and policies, and implement initiatives and projects to achieve net zero by 2050 in line with their needs and growth requirements. Furthermore, Federal and local government authorities will be responsible for preparing comprehensive studies and developing plans that introduce the measures necessary to reduce emissions while also ensuring sustainble economic growth. Speaking about this at length, Mariam bint Mohammed Saeed Hareb Almeheiri, Minister of Climate Change and Environment, said: “Our natural environment has always been an essential part of our identity and a core priority for the UAE’s wise leadership.” She added that under the guidance of the country’s forward-thinking leaders and with their continued support, the country had made great strides in this domain, and secured a prominent position as a regional and

global catalyst of environmental and climate action. “Regionally, the UAE was the first to ratify the Paris Agreement and the first to launch a climate change plan that guides our mitigation and adaptation measures. Globally, the country is a leader in developing renewable energy solutions and advancing their deployment worldwide, as well as a premier convener and facilitator of climate and environmental conversation. Through hosting thought leadership platforms such as Abu Dhabi Sustainability Week and the World Government Summit, it mobilises concerted efforts to ensure a better, greener, and more sustainable future,” she added. With the next two annual UN Climate Change Conferences taking place in Egypt and the United Arab Emirates, respectively, MENA moves into the spotlight of the global fight against climate change. In this regard, Dubai has invested up to Dh40 billion in the renewable energy sector and the emirate will invest another Dh40 billion to generate clean energy in coming years. With COP27 taking this year in Egypt from November 6 to 18 and COP28 taking place in the UAE from November 6 to 17 in 2023, the onus will be on one of the leading nation from the MENA region to take stock of the current progress and analyse the remaining journey towards fulfilling the Paris Agreement. It is a role that the UAE seems well suited for and has prepared for.


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