WORLD NEWS | MoIAT promotes green tech entrepreneurship at UAE Climate Tech

Abu Dhabi [UAE]12th May (ANI/WAM): The Ministry of Industry and Advanced Technology (MoIAT) today organized three sessions at the UAE Climate Technology Forum to support and promote innovation and entrepreneurship in the fields of green technology and climate action.

The meetings were held ahead of COP28 as part of MoIAT’s contribution to the country’s climate neutrality goals. The three sessions will focus on the UAE’s investment, innovation, technology and entrepreneurship ecosystem, a key pillar of COP28, which will be held at Expo Dubai in November.

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Sarah Al Amiri, Minister of State for Public Education and Advanced Technology, said: “In line with the objectives of the National Industrial and Advanced Technology Strategy, the Ministry of Industry and Advanced Technology is developing an industrial sector based on advanced technology, research and development, and sustainability. The fund It will contribute to the UAE’s climate neutrality goals and the country’s efforts to achieve sustainable economic and industrial development.”

She emphasized that the UAE has taken a pragmatic, pragmatic and realistic approach to decarbonisation at all levels of the value chain, creating an enabling environment to drive climate action through policy, financing, technology and partnerships.

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The minister added: “Promoting entrepreneurship, research and innovation in the industrial sector, particularly in climate technologies, is one of the Ministry’s key priorities to drive climate action. The UAE Climate Technology Forum is an important platform that engages relevant ecosystems Gathering participants to accelerate game-changing climate technology solutions. The forum is in line with the UAE’s preparations to host COP28 and showcases the country’s efforts to transform into a global hub for sustainable industries and advanced technologies.

MoIAT called on entrepreneurs, innovators and tech start-ups to participate in COP28 and explore the investment opportunities the UAE offers in funding climate action. Climate technology will be a key topic at COP28, which will also showcase the UAE’s best practices in industrial sustainability, as well as efforts to encourage the adoption of emerging green technologies.

During the UAE Climate Tech Conference, the ministry shed light on entrepreneurial success stories in the green technology sector, showcasing the UAE’s supportive ecosystem and the opportunities the country offers for start-ups.

The meeting also highlighted incentives and enablers for the growth of technology companies, as well as support for entrepreneurs and investors.

The first session, held in partnership with the COP28 team, explored the conference’s technology and entrepreneurship program and its role in promoting innovation and technology globally to achieve a climate-neutral world.

The conference will focus on showcasing technologies and fostering partnerships to foster entrepreneurship and foster innovation as important pathways to a sustainable economy.

The meeting also outlined the prospects for cooperation at COP28 on priorities for a more successful energy transition and technological advancement to decarbonize at scale and take climate action across the value chain.

Participants also emphasized the importance of partnerships and international cooperation in accelerating technological change.

The Ministry hosted two roundtables entitled “Climate Technology Exchange” which included representatives from climate technology startups, as well as representatives from UAE Development Bank, ADNOC, DEWA, ​​STARTAD programme, Catalyst, Strata, TAQA, IBM, Abu Dhabi Investment Office, Masdar, Bourouge and AIQ Artificial Intelligence.

The roundtable highlighted the UAE’s ecosystem of climate tech start-ups supported through incubation programmes, funding, pilots and partnerships.

The meeting also discussed the role of the government and the private sector in promoting the adoption of climate technologies in line with the UAE’s Sustainable Development Goals.

The third session, led by MoIAT in partnership with the United Nations Industrial Development Organization (UNIDO), included a roundtable on promoting private sector partnerships as part of climate action efforts and showcasing the impact of the industrial sector in delivering innovative technology solutions, To facilitate the energy transition and decarbonisation.

Representatives from MoIAT, UNIDO, Siemens and Schneider Electric attended the meeting.

The UNIDO meeting also addressed the decarbonization of heavy and hard-to-abate industries such as cement, steel and petrochemicals. It also discusses the critical role of advanced technology, finance and policy in growing demand for low-carbon energy and fostering strategic partnerships across markets. (ANI/WAM)

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