• Loading stock data...
 ADIPEC 2022 conference begins in Abu Dhabi today

globalbizmag.com

ADIPEC 2022 conference begins in Abu Dhabi today

Share on:

The globally-awaited Abu Dhabi International Petroleum Exhibition and Conference – ADIPEC 2022 – will begin in Abu Dhabi on Monday.

During the four-day event, which will conclude on November 3, as many as 150,000 experts from 160 countries will participate. There will be more than 350 sessions wherein 1,200 speakers will address the delegates and exchange views on the important investments, strategies and technical innovations in the energy sector.

Besides, the ADIPEC Exhibition will host 2,200 companies, including 54 of the most prominent national and international oil companies and integrated energy companies, displaying their products in 28 international pavilions, making the event the largest energy forum in the world.

In his comments, Suhail bin Muhammad Faraj Faris Al Mazrouei, the UAE’s Minister of Energy and Infrastructure, confirmed that the ministry will start the first review of the energy strategy for 2023, in line with the strategic initiative of the Emirates, to achieve climate neutrality by 2050 and explore more solutions and plans that help achieve this goal.

The Minister said: “The review of the energy strategy includes the expansion of renewable energy, implementation of new projects in areas such as hydrogen energy, hydropower, and waste-to-transformation.”

He added: “The world has witnessed remarkable changes in recent years with regard to climate, and the revision of the energy strategy will contribute to determining the optimal mix for the UAE, to achieve security of supply and reach climate neutrality by 2050.”

He explained that the present power generation is around 35 GW, which is supplied to meet the energy demands in various regions of the country, and will increase in the coming years, as new projects such as the Barakah Nuclear Energy Plants, the Mohammed bin Rashid Solar Energy Complex, and the Al Dhafra solar energy plant, Al Taweelah desalination plant, and other strategic projects, will be commissioned.

He said that ADIPEC 2022 is considered as one of the most important global events, and a main platform for decision-makers, experts and specialists in the global energy sector.
He said that ADIPEC is a global platform that brings together prominent leaders of the various energy sectors, policy and decision makers, innovators, ministers and CEOs of oil companies from all over the world.

He explained that the share of clean energy projects within the service and under construction in the country amounts to 24% of the energy mix, and that the target is to reach 50% by 2050.

The UAE government is working to keep pace with the increasing demand for energy, through its reliance on natural gas and energy sources. Renewable and clean, and the construction of many new power plants, which are highly efficient and environmentally friendly.

He pointed out that in 2017, the country launched its Energy Strategy 2050, which is considered the first unified energy plan in the country, balancing the production and consumption sides, with global environmental obligations, and ensuring an appropriate economic environment that stimulates growth in all sectors, through a mixture of renewable and nuclear energy.

UAE’s Road Map

The UAE has launched a roadmap to achieve leadership in the field of hydrogen, which is a major driver that contributes to providing future solutions to global climate change challenges, coinciding with the country’s announcement of the strategic initiative for climate neutrality 2050.

“The initiative aims to create an effective ecosystem that establishes a new model for the path of climate neutrality. Sustainable economic growth, which promotes research, development, innovation and clean technology. Plans and strategies are being developed, and the necessary initiatives and projects are being implemented by stakeholders in key sectors in the UAE, including energy, economy, industry, infrastructure, transportation, waste, agriculture and the environment,” he pointed out.

The UAE seeks to support low-carbon hydrogen industry, by creating a clear system, supported by policies, incentives, standards and certificates, providing advanced technology through value-added partnerships, and an effective national research and development structure, in addition to strengthening existing government partnerships, and establishing new ones to accelerate The pace of growth of the local system, the provision of infrastructure and land to support local production, and the provision of green financing sources, he added.


Share on:
Avatar

Global business magazine

Related post

Leave a Reply

Your email address will not be published. Required fields are marked *