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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

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Total income rose by 12 percent in the same period.

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Dubai emerges as a driving force for a green economy

At the exhibition, many meetings were held between companies, government, private institutions and investors .
  • Dubai had launched an in-depth study that showed how the Emirate can achieve carbon neutrality (net zero emissions) by 2050.
  • The Dubai Net Zero Carbon Emissions Strategy 2050 aim to provide 100 percent energy from clean energy sources by 2050.

DUBAI, UAE – Dubai is consolidating its position as a pioneer in transitioning to a green economy to support the efforts of the UAE and the rest of the world in fighting the consequences of climate change.

Dubai, in October 2021, through the Dubai Future Council on Energy, launched an in-depth study that outlined how the Emirate can achieve carbon neutrality (net zero emissions) by 2050.

This was done following the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to pave the way for the city’s transformation into a carbon-neutral economy in the next three decades.

“The framework for achieving our net zero targets has now been set and will help to strengthen Dubai’s position as a leading enabler of green initiatives that will help combat climate change and create a seamless path towards realizing our vision of economic prosperity that goes hand in hand with environmental sustainability,” said Saeed Mohammed Al Tayer, Chairman of the Dubai Future Council on Energy.

According to Al Tayer, who is also the MD and CEO of Dubai Electricity and Water Authority (DEWA), and Chairman of the Green Economy Organization (WGEO), said that the study is a part of Dubai’s efforts to achieve its sustainability goals as outlined in the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050.

The goals of both the strategies are to provide 100 percent of the energy from clean energy sources by 2050.

These strategies are in addition to a Green Hydrogen strategy that is being developed.

These efforts will help combat climate change and create opportunities for a more sustainable economy.

The World Green Economy Summit (WGES) 2022 will highlight ongoing global efforts, discuss sustainable action plans to fight the ill-effects of changing climatic conditions.

It would also support collaborative initiatives to help the world achieve future sustainability by transitioning into a green economy.

WGES is organized by Dubai Electricity and Water Authority (DEWA), the World Green Economy Organization (WGEO), and the Dubai Supreme Council of Energy, in partnership with international organizations on September 28-29, 2022 at the Dubai World Trade Center.

The Summit will witness prominent thought leaders and experts to share the insights on climate change initiatives covering a wide range of sectors – transport and mobility, green technology, smart cities and urban planning, youth involvement, investments and finance.

The event will help delegates collect key takeaways from case study presentations and discussions on success stories of governments, big businesses and other organizations currently leading efforts to fight climate change.

An essential highlight of the summit will be the release of the eighth Dubai Declaration, which will embody new commitments shaping future strategies and action plans to support climate action and green economy initiatives.

Registration to attend WGES is free to the public and is now open at www.wges.ae.