ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, launched its second ADQ FWD paper that explores the UAE’s transition to clean, sustainable energy.
The paper, Journey to Clean, Sustainable Energy, examines the context of the energy sector both at a global and local level highlighting the technologies and solutions that can lower carbon emissions, fast-track the UAE’s sustainability agenda and unlock investment opportunities.
The paper identifies six key drivers for a successful transition to clean energy in the UAE, enabling the nation to capitalise on robust growth opportunities:
- Wider roll-out of Clean Energy Certificates (CECs): Allowing consumers and industrial players to certify the source of their renewable and clean energy usage
- Leveraging Carbon Capture, Utilisation and Storage (CCUS): Utilising this vital tool in the fight against climate change and achieving low carbon targets globally
- Ensuring a multi-source energy mix: Investing in large-scale infrastructure projects to increase renewable and clean energy sources
- Investing in a Hydrogen ecosystem: Establishing the UAE as a leader in blue and green Hydrogen initiatives to increase the potential of Hydrogen in meeting sustainability targets
- Developing Reverse Osmosis (RO) plants: Promoting RO desalination that is up to 50 per cent more energy efficient than conventional thermal desalination plants to produce potable water
- Collaboration among stakeholders: Collectively taking orchestrated action among the energy and industrial sectors with policymakers, regulators and government to deploy renewables rapidly at scale