UAE participates at meeting of BRICS Ministers of Energy in Russia

WAM

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.”

More from Business

  • Talabat announces plans for IPO on Dubai Financial Market

    Talabat Holding plc, the on-demand food and grocery delivery service, has revealed its intention to proceed with an initial public offering (IPO) and list its shares on the Dubai Financial Market (DFM).

  • UAE records significant growth in IP registrations

    The Ministry of Economy has announced a notable growth in intellectual property (IP) registrations in the UAE during the first nine months of 2024, highlighting the success of national efforts to foster an innovation-friendly environment.

  • Dubai's GDP up 3.3% in Q2, 2024

    Dubai's GDP rose 3.3% in Q2 2024, to reach AED116 billion, and 3.2% in H1 2024, to touch AED231 billion, according to His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister of the UAE, Minister of Defence, and Chairman of the Executive Council.

  • AD Ports and Pakistan to collaborate in trade, logistics sectors

    AD Ports Group has signed four Memorandums of Understanding (MoUs) with the Government of Pakistan to explore upgrading the nation’s maritime, rail, airport, customs and logistics infrastructure.

  • ADNOC awards manufacturing contracts worth $196.2M

    ADNOC has awarded contracts valued at AED 720 million ($196.2 million) to 11 companies for local manufacturing of a wide range of product across the value chain.