Global Energy Efficiency Alliance:
The UAE has unveiled an ambitious initiative to establish the ‘Global Energy Efficiency Alliance’ during COP29, hosted in Azerbaijan.
- Global Energy Efficiency Alliance aims to double global energy efficiency rates by 2030 and contribute to significant emission reductions.
- It also encourages strategic public-private partnerships and bolster investments in energy efficiency initiatives.
- This initiative aligns with the ‘UAE Consensus’ from COP28, where all 198 participating countries in COP28, organisations, and companies committed to reducing carbon emissions and minimising natural resource consumption.
- The UAE plans to lead the alliance by sharing its expertise in energy efficiency, fostering knowledge transfer, and building effective partnership models with the private sector.
- The alliance is designed to support the reduction of carbon emissions and the sustainable use of natural resources through knowledge sharing, capacity building, and standardization efforts.
- The alliance will focus on compiling and disseminating best practices, with a particular emphasis on assisting African nations.
- This support will extend to developing financing options and technological solutions vital for the continent’s progress in energy sustainability.
