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ABU DHABI, UAE, October 31, 2022, /PRNewswire=KYODO JBN/--

His Excellency Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and

Advanced Technology, Special Envoy for Climate Change and Chairman of Masdar,

called for the world to utilize all available energy sources, including

renewables and hydrogen, to meet the energy needs of a growing global

population.

"If this year has taught us anything, it is that energy security is the

foundation of all progress – economic social and climate progress," Dr Al Jaber

said in his keynote address at the Abu Dhabi International Petroleum Exhibition

and Conference (ADIPEC). With the global population set to reach 9.7 billion

people by 2050, the world will need to produce 30 per cent more energy than

today.

"The world needs all the solutions it can get. It is oil and gas and solar, and

wind and nuclear, and hydrogen plus the clean energies yet to be discovered,

commercialized and deployed," Dr Al Jaber said. "The world needs maximum

energy… minimum emissions. This is why the UAE leadership decided to be a first

mover in renewable energy, over 16 years ago, by launching Masdar."

Masdar, Abu Dhabi's flagship renewable energy company, was launched to support

the diversification of the UAE's economy and energy sources through advancing

the development, deployment and commercialization of renewable energy and clean

technology.

Today, Masdar is one of the fastest-growing renewable energy companies

globally, active in over 40 countries, and invested in projects valued over

US$20 billion. Last year, Masdar expanded the capacity of its clean energy

portfolio 40 percent, to a total capacity of over 15 gigawatts (GW). These

projects can displace 19.5 million tonnes of carbon dioxide emissions annually.

Masdar is targeting a portfolio capacity of 100 GW by 2030 and aims to supply 1

million tonnes of green hydrogen by the end of this decade, cementing its place

as a first mover in this promising industry and position Abu Dhabi as a global

hub for the production and export of green hydrogen.

"With COP27 meeting next week and as the UAE prepares to host COP28, the

Emirates Climate Conference, our efforts should focus on a new, bold,  

realistic and pragmatic pathway that benefits humanity, the climate and the

economy," Dr Al Jaber said. "We need to hold back emissions, not progress."

Watch the speech here: https://lnkd.in/d7gT6eVF

Photo -

https://mma.prnewswire.com/media/1934010/Dr_Sultan_Al_Jaber_Chairman_of_Masdar.jpg

Source: Masdar