Sustainability and the Roadmap Towards COP28 - Beacon

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Thursday, June 1, 2023

Sustainability and the Roadmap Towards COP28

The transition to a sustainable economy

Industrial decarbonization was a key theme on the first day of the Make it in the Emirates Forum on Wednesday where delegates addressed the need to reduce emissions in the manufacturing sector.

A panel session titled ‘Industrial Sustainability and the Roadmap Towards COP28’ focused on initiatives being implemented under the UAE’s efforts to enhance industrial sustainability and achieve net zero.

The Make it in the Emirates Forum takes place from 31st May to 1st June at the Abu Dhabi Energy Center under the theme ‘Investment. Sustainability. Growth’. It is being hosted jointly by the Ministry of Industry and Advanced Technology, the Abu Dhabi Department of Economic Development, and ADNOC.

COP28 presents a “real opportunity” to review progress, get the world back on course and accelerate the transition to a sustainable economy, Majid Al Suwaidi, Director-General and Special Representative of COP28, said.

He noted how climate change impacts all industrial and economic sectors, and that adopting sustainability measures in all industrial activities is vital to reducing emissions and building a greener economy. Al Suwaidi added that it is important for countries to invest sustainability as it can positively impact public health.

Also speaking on the session, Engineer Saeed Ghumran Al Remeithi, Group Chief Executive Officer of Emirates Steel described the group’s US$3 million investments in reducing emissions. Speaking on his company’s efforts to cut emissions in the coming decades, Abdulnasser bin Kalban, CEO of Emirates Global Aluminium (EGA), said “reshaping our energy landscape is no longer a choice but a necessity.”

Bin Kalban noted how decarbonizing emission-intensive sectors requires investment in clean energy, and described how EGA is planning to produce green aluminium using solar energy. He also mentioned how COP28 represents a significant opportunity for climate action and environmental sustainability, particularly in the context of industry.

ADNOC’s Yaser Saeed Al Mazrouei, Executive Director of the Upstream Directorate, also urged stakeholders to focus on building “the energy system of tomorrow while meeting the energy needs of today.” He described how ADNOC has previously announced it will invest US$15 billion in reducing emissions by working with natural gas, hydrogen and ammonia.

The panel also included Alan Smith, Chief Executive Officer of Agthia Group, who spoke about sustainability as an important factor in business growth. Agthia, which has 10 factories, has reduced emissions by 4.3 percent and recycled 600 tons of material in the past year, Smith told the audience.


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