Its Xavier Blog

  On World Environment Day, highlight the important work the UAE is doing to protect our planet through ambitious climate action and sustainability initiatives. As one of the regions most vulnerable to the effects of climate change, the UAE has long recognized both the risks of global warming and the transition to renewable energy and the opportunities for green growth. Over the past decade the country has steadily ramped up its climate commitments under visionary leadership In 2023. UAE hosts COP28 the UN climate summit, where it aims to accelerate global responses to the climate crisis. Some of the UAE most significant climate initiatives currently underway include: Net Zero by 2050 : Through the Net Zero 2050 Strategic Initiative, the UAE has pledged to reach net zero emissions by 2050 aligning its economic development plans with the Paris Agreement goal of limiting global warming to 1.5°C. $30 Billion Climate Fund : The UAE President Sheikh Mohammed bin Zayed launched this majo...

  The ADNOC Group is harnessing innovation and youth participation to advance meaningful climate action. As one of the largest energy producers in the UAE, ADNOC recognizes the urgent need to transition to more sustainable practices that protect the environment for future generations. Through partnerships with leading universities in the UAE and overseas, ADNOC is supporting research and development of emerging clean technologies like carbon capture and storage. The group is also sponsoring hackathons, startup accelerators and science fairs to engage youth and crowd-source bold ideas on reducing emissions. Speaking at the recent UN Climate Summit, the CEO of ADNOC said: By fostering innovation and empowering our youth, we can develop practical solutions to reduce our carbon footprint while sustaining economic growth and human development. With initiatives that foster new thinking and bring more fresh perspectives, ADNOC is demonstrating climate leadership by investing in knowled...

  Mohamed Bin Hadi Al Hussaini, Minister of State for Finance Affairs, attended the “Finance Day” held yesterday on the sidelines of COP27 in Sharm El-Sheikh, Egypt. Mohamed bin Hadi Al Hussaini stressed the   UAE ’ s commitment to climate issues, which is reflected in its acceptance of the COP28. He pointed out that climate protection is an urgent priority and essential to achieve sustainable economic growth in the region. “Climate problems are a global problem. The international community must take all necessary measures to recover from the climate impact and encourage investment in climate finance and green projects such as clean energy and green infrastructure to achieve sustainable economic and social development,” he said. On the sidelines of Finance Day This comes on top of increased project preparation and de-risking in financing clean energy projects in developing countries, as well as increased partnerships and promising investment opportunities between the EBRD and ...