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Wednesday, March 22, 2023

Abu Dhabi Global Energy Forum: Geopolitical turmoil impacts energy transition

Abu Dhabi Global Energy Forum: Geopolitical turmoil impacts energy transition

The seventh annual Global Energy Forum, organized by the Atlantic Council, was held in Abu Dhabi, the capital of the United Arab Emirates. Forum participants emphasized the need for caution in the transformation of the energy sector.

When choosing between secure and affordable energy and a sustainable transition, countries must avoid making the wrong choice, especially in light of the geopolitical energy crisis the world is currently witnessing.

Officials at the meeting emphasized that the world still needs more investment to maintain security of supply and acceptable prices amid the global energy transition.

Sultan Al-Jabir, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change, has called for transformation in the race to tackle the climate crisis.

Al Jaber’s speech at the forum came days after he was named president of COP28.

The minister noted that the UAE is responsible and fully aware of the importance of hosting the Conference of the Parties (COP 28) and will focus on contributing to the realization of global aspirations and accelerated climate action, emphasizing the urgent need to implement the Paris Agreement 》 Goal progress.

Al-Jaber called for greater adoption of renewable, nuclear and hydrogen energy.

The minister also highlighted the need to promote solutions for carbon capture and energy efficiency, in addition to producing oil and gas with the lowest possible carbon footprint and utilizing new technologies.

Forum participants who heard Al-Jaber’s speech included Suhail Al Mazroui, UAE Minister of Energy, John Kerry, US President’s Special Envoy for Climate, Qatar Energy Minister and President and CEO of QatarEnergy Saad Sherida al-Kaabi.

Awaidha Al Marar, chairman of Abu Dhabi’s Department of Energy (DoE), was also in attendance, along with several other climate and energy officials.

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