INSEAD Day 4 - 728x90

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Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Dubai Supreme Council of Energy reviews efforts to achieve net-zero carbon emissions by 2050

The virtual meeting of Dubai Supreme Council of Energy discussed cooperation among organizations to achieve UAE's aim of Net Zero by 2050. (WAM)
  • The meeting discussed a proposal by ENOC to supply petroleum products to Al Maktoum International Airport through the Falcon Station in Jebel Ali.
  • It also discussed the national system for trading carbon credits in cooperation with the Ministry of Climate Change and the Environment.

DUBAI, UAE –  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd meeting held virtually.

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy also participated.

The meeting was attended by Secretary-General of the Dubai Supreme Council of Energy Ahmed Buti Al Muhairbi, and board members Dawood Al Hajri, Director General of Dubai Municipality; Abdulla bin Kalban, Managing Director of Emirates Global Aluminium (EGA); Saif Humaid Al Falasi, CEO of Emirates National Oil Company (ENOC), Juan-Pablo Freile, General Manager of Dubai Petroleum; and Hussain Al Banna, Acting CEO of the Strategy & Corporate Governance Sector at the Roads & Transport Authority (RTA).

Sheikh Ahmed bin Saeed Al Maktoum emphasized the importance of cooperation among the related organizations in the UAE to achieve the objectives of the Net Zero by 2050 strategic initiative.

“At the Dubai Supreme Council of Energy, we are working to implement the roadmap and plans that include national initiatives and strategies to reach net-zero carbon emissions by 2050 and consolidate the foundations for a low-carbon economy,” said Saeed Mohammed Al Tayer.

“This achieves the vision and directives of the wise leadership of Sheikh Mohamed bin Zayed Al Najyan, President of the UAE and Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to address climate change,” he said.

“This is achieved through effective solutions to support local low-carbon sectors, and pioneering projects that support the UAE’s future strategies and aspirations in building a successful green economy model,” he added.

“We discussed the national system for trading carbon credits in cooperation with the Ministry of Climate Change and the Environment,” said Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy.

“We also discussed a classification program for existing buildings to monitor the efficiency of water and electricity use as an optional initiative for residential and commercial buildings,” he said.

“This aims to improve energy performance and raise awareness of the importance of reducing consumption in existing buildings in conjunction with introducing the Dubai Green Buildings Program,” he added.

The meeting also discussed a proposal by Emirates National Oil Company (ENOC) to supply petroleum products to Al Maktoum International Airport through the Falcon Station in Jebel Ali.

ENOC is discussing with the suppliers the possibility of using the Falcon line to supply jet fuel in order to reduce land transport and avoid transportation risks and carbon emissions.