ABU DHABI, UAE, Oct. 31, 2022 /PRNewswire/ — His Excellency Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate Change and Chairman of Masdar, referred to as for the world to make the most of all accessible power sources, together with renewables and hydrogen, to meet the power wants of a rising world inhabitants.
“If this year has taught us anything, it is that energy security is the foundation of all progress – economic social and climate progress,” Dr Al Jaber mentioned in his keynote handle on the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). With the worldwide inhabitants set to attain 9.7 billion folks by 2050, the world will want to produce 30 per cent extra power than in the present day.
“The world needs all the solutions it can get. It is oil and gas and solar, and wind and nuclear, and hydrogen plus the clean energies yet to be discovered, commercialized and deployed,” Dr Al Jaber mentioned. “The world needs maximum energy… minimum emissions. This is why the UAE leadership decided to be a first mover in renewable energy, over 16 years ago, by launching Masdar.”
Masdar, Abu Dhabi’s flagship renewable power firm, was launched to assist the diversification of the UAE’s economy and power sources via advancing the event, deployment and commercialization of renewable power and clear expertise.
Today, Masdar is without doubt one of the fastest-growing renewable power firms globally, lively in over 40 international locations, and invested in tasks valued over US$20 billion. Last yr, Masdar expanded the capability of its clear power portfolio 40 %, to a complete capability of over 15 gigawatts (GW). These tasks can displace 19.5 million tonnes of carbon dioxide emissions yearly.
Masdar is focusing on a portfolio capability of 100 GW by 2030 and goals to provide 1 million tonnes of inexperienced hydrogen by the tip of this decade, cementing its place as a primary mover on this promising business and place Abu Dhabi as a worldwide hub for the manufacturing and export of inexperienced hydrogen.
“With COP27 meeting next week and as the UAE prepares to host COP28, the Emirates Climate Conference, our efforts should focus on a new, bold, realistic and pragmatic pathway that benefits humanity, the climate and the economy,” Dr Al Jaber mentioned. “We need to hold back emissions, not progress.”
Watch the speech right here: https://lnkd.in/d7gT6eVF
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