17 JAN 2022

Mohammed bin Rashid attends Abu Dhabi Sustainability Week opening ceremony at Expo 2020 Dubai

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today attended the opening ceremony of Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainability hosted by Masdar – Abu Dhabi Future Energy Company.

The opening event was also attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.

His Highness Sheikh Mohammed bin Rashid Al Maktoum welcomed the leaders and experts meeting in the UAE to discuss issues related to sustainability and intensify collaborative efforts to find solutions for moving the world towards a more sustainable future.

Highlighting the importance of ADSW, the first global gathering of its kind after COP26, Sheikh Mohammed said, "Abu Dhabi Sustainability Week lays a pathway for COP28 when the UAE will welcome the world in 2023. The continued success of ADSW, which every year sets the sustainability agenda for the year to come, fully reflects our nation’s leadership in the field of climate action. This year’s convening of ADSW as part of Expo 2020 Dubai provides an opportunity for the convergence of global expertise to stimulate constructive dialogue and push efforts towards implementing innovative solutions."

"The UAE, guided by the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, was and continues to be one of the pioneering countries in the fields of climate action, energy transformation and the adoption of renewable energy as a solution for addressing environmental issues and their impact on people's lives and the health of the planet. The UAE has continued to express this commitment by developing a group of the world’s largest and most innovative clean energy projects. These efforts culminated in the launch of the Net Zero by 2050 strategic initiative, which reflects our commitment to create a future free of emissions," His Highness added.

The opening ceremony, held at the Dubai Exhibition Centre at Expo 2020 Dubai, was also attended by H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs; H.H. Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council; Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and a number of senior officials.

The opening ceremony began with the UAE National Anthem followed by a short film centred on international cooperation to confront global challenges, especially those related to climate change and sustainable development.

Moon Jae-in, President of the Republic of Korea, thanked the UAE for welcoming him to the country and inviting him to participate in the opening ceremony of Abu Dhabi Sustainability Week. In his keynote speech, he said, "As the first event of its kind since COP26, Abu Dhabi Sustainability Week is a kick start to carbon neutrality this year, offering strength through unity. This event holds great significance with the UAE hosting COP28 in 2023 - a milestone for the country’s journey over the next 50 years. The UAE is a powerhouse of sustainable development for the Middle East and beyond, with pathways showing the way for the rest of the world."

He continued, "Last year, the UAE became the first one in the Middle East to commit to carbon neutrality by 2050. Korea too in 2020 declared its commitment to carbon neutrality. And the UAE and Korea both committed to cutting methane by 30 percent by 2030. The UAE and Korea, as special strategic partners, have been working together in the fields of construction, oil field development, national defence, agriculture, health, and much more. This demonstrates the robust relations between our two nations. For our sustainable future, Korea hopes to hold hands together with the UAE even more tightly. Now our two countries are working together to build an economy based on hydrogen - a potential new source of energy in the age of carbon neutrality."

In his keynote address, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, UAE Special Envoy for Climate Change and Chairman of Masdar, addressed the challenge of maintaining economic progress, while turning back the clock on emissions.

He said, "Finding the answers to these questions has been the mission of the Abu Dhabi Sustainability Week and the Zayed Sustainability Prize. A mission that builds on the UAE’s position as a pioneer in clean energy. When we began investing in the renewables space more than 15 years ago, our leadership had a theory of the future that has been proven right over time. Today, the UAE is home to the largest and lowest cost solar plants in the world. And globally the future of renewable energy is just as bright."

The objectives of Abu Dhabi Sustainability Week are in line with the ‘Principles of the 50’, the 10 principles that represent the UAE’s strategic path in a new era and reflect the country’s vision and determination to promote development efforts in various economic, political and social fields.

As one of the largest gatherings concerned with discussing sustainability issues, ADSW provides a global platform for cooperation, knowledge exchange, investment and innovation, as it attracts more than 45,000 participants annually representing more than 170 countries and hosts nearly 1,000 international companies.

Key ADSW dates include: January 15-16 – IRENA Assembly; January 17 – Opening Ceremony and the Zayed Sustainability Prize Awards Ceremony, ADSW Summit; January 17-19 – World Future Energy Summit, Innovate, Youth 4 Sustainability Hub; January 18-19 Atlantic Council Forums; January 18 WiSER Forum, Exclusive Panel Session with the President of COP26 and 27 and Dr. Sultan Al Jaber; January 19 – Abu Dhabi Sustainable Finance Forum.

 
Related-News

28 NOV 2022

Department of Energy Reaffirms Commitment to Abu Dhabi Sustainability Week, returning as Principal Partner for next 2 years

Abu Dhabi Sustainability Week (ADSW), Masdar’s global platform for accelerating sustainable development, today announced that the Abu Dhabi Department of Energy (DoE) has signed an agreement to return as Principal Partner of both ADSW 2023 and 2024. 

Signed by Undersecretary of the DoE, His Excellency Eng. Ahmed Mohammed Al Rumaithi, and Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi, the agreement ensures that the DoE, a Principal Partner since 2019, will continue to support ADSW in its efforts to accelerate sustainable socioeconomic development and positive climate action, in line with the United Arab Emirates’ long-term sustainability vision and net-zero commitments.

Established in 2008 by Masdar, one of the world’s fastest-growing clean energy companies, and hosted every January, ADSW is the year’s first major sustainability gathering. ADSW 2023 will convene global stakeholders 14–21 January in Abu Dhabi to take stock of progress on commitments resulting from this year’s COP27, which concluded last week in Sharm Al-Sheikh, Egypt; and drive forward momentum to next November’s COP28 in the UAE. 

Undersecretary of the DoE, H. E. Eng. Ahmed Mohammed Al Rumaithi, said: “The Department of Energy is keen on promoting global dialogue on sustainability in order to stimulate all components of the energy sector. Dialogue and coordinated action will enable us to connect and exchange visions on the best ways to move the sector towards a carbon-neutral future. The Abu Dhabi Sustainability Week is an ideal platform to achieve this, as it continues to push efforts to combat climate change on the local and international stage, in line with our endeavor to help the UAE achieve its Net Zero 2050 goal. We are pleased to continue participating in this pioneering event and partner with ADSW for the next two editions to help consolidate Abu Dhabi’s leading position in energy transition and sustainability.”

“Climate action continues to top the agenda of policymakers, which increases the need for specialized events such as ADSW that bring together specialists in this field to find solutions to climate challenges posed by the increasing demand for energy around the world,” added H.E. Undersecretary Al Rumaithi.

Masdar CEO, Mohamed Jameel Al Ramahi, said: “Abu Dhabi Sustainability Week and the Department of Energy are united in our long-standing joint efforts to cement the UAE’s position as a pioneering leader of the global clean energy transition. As we look back on this year’s COP27 in Egypt, and ahead to next year’s COP28 in the UAE, ADSW will provide the ideal platform for global stakeholders to hold each other to account and continue to engage on bold climate action and practical innovation.” 

ADSW 2023 also aligns with the DoE’s mission to position Abu Dhabi as a global hub for clean-tech innovation to support the UAE’s economic diversification and decarbonization efforts, for the benefit of future generations. 

With the October 2021 launch of its Net Zero by 2050 strategic initiative, the UAE became the first country in the Middle East and North African (MENA) region to commit to decarbonizing its energy grid by mid-century, in line with the Paris Agreement, which calls on countries to prepare long-term strategies to reduce greenhouse gas emissions and limit the rise in global temperature to 1.5 C compared to pre-industrial levels.

Related-News

11 NOV 2022

Africa Primed to Become Global Green Hydrogen Leader, Landmark Masdar Report Finds

Africa could capture up to 10% of global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as US$120bn to GDP by 2050, report released at COP27 shows
Green hydrogen production on this scale would accelerate deployment of renewable energy across continent and increase electrification rate
Report produced by Masdar and Abu Dhabi Sustainability Week with analytical support provided by McKinsey & Company 


Africa could capture as much as 10 percent of the global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as US$120 billion to the continent’s gross domestic product (GDP), according to a landmark report issued jointly by Masdar and its Abu Dhabi Sustainability Week (ADSW) platform on the sidelines of the 2022 United Nations Climate Change Conference (COP27).  

Africa’s plentiful solar and wind resources could be leveraged to produce 30 to 60 million tonnes per annum (mtpa) of green hydrogen by 2050, about 5 to 10 percent of global demand, according to the report, “Africa’s Green Energy Revolution: Hydrogen’s role in unlocking Africa’s untapped renewables,” produced with analytical support provided by McKinsey & Company.

An African hydrogen industry with that production capacity would likely create 1.9 to 3.7 million jobs and boost GDP by as much as US$60 to 120 billion by 2050, the report finds.

Mohamed Jameel Al Ramahi, Masdar Chief Executive Officer, said, “This report provides a blueprint for African nations to deliver sustainable, low-carbon growth while extending energy access across the continent. Green hydrogen has the potential to reduce emissions, unlock economic opportunities, and create new and valuable jobs for countries across the Middle East and North Africa region. Masdar has long recognized green hydrogen’s potential, with investments as far back as 2008. With several green hydrogen projects underway today around the world – including a number in Africa – we look forward to continuing to work closely with our African partners to maximize the many achievable benefits of green hydrogen highlighted in this report.”  

Africa could be among the most competitive sources for green hydrogen in the world, the report shows, with a cost of US$1.8 to 2.6 per kilogram (kg) in 2030, further decreasing to about US$1.2 to 1.6 per kg by 2050 as hydrogen production technology matures and renewable energy costs continue to decline. 

Proximity to demand centers in Europe and Asia also optimally positions the continent to build an export-oriented hydrogen sector, the report suggests, noting African energy exports via green hydrogen and derivatives would reach 20 to 40 mtpa by 2050.  

The remaining 10-20 mtpa would serve domestic hydrogen demand, helping to boost electrification of African communities and delivering other socioeconomic benefits, including a more sustainable energy grid, expanded clean energy access, and reduced reliance on fossil fuel imports.

Masdar Director of Asset Management and Technical Services, Mohammad Abdelqader El Ramahi, said: “Scaling up green hydrogen is an opportunity to not only build a robust global-export sector on the African continent, but also to accelerate the deployment of renewable energy overall. The grid-connected renewables used for green hydrogen production can feed energy into the grid to provide affordable clean energy to under-resourced areas – notably, in Sub-Saharan Africa, which has an average electrification rate of only 48 percent.” 

Enabling production on the scale of 30-60 mtpa would require between 1,500 and 3,000 terawatt hours (TWh) of renewable energy – equivalent to more than 50 times Africa’s current total production from solar and wind, the report states. The largest share of the investments (US$320- 610 billion) would go to the renewables needed to produce the hydrogen, followed by electrolysis plants (US$115-220 billion). For export projects, most of the needed capital is expected to come from foreign investors, according to the report.

Beyond investments, the report recommends six broad areas for action: development of an integrated master plan; governance, international coordination, and mobilization; establishment of regulatory frameworks for hydrogen exports; investments in infrastructure; sourcing and building a highly skilled workforce; and deployment of project de-risking mechanisms.

Masdar, one of the world’s leading clean energy companies, is actively involved in a number of projects related to green hydrogen production. In April, Masdar and Egypt’s Hassan Allam Utilities signed agreements with leading Egyptian state-backed organizations to cooperate on the development of green hydrogen production plants in the country, targeting an electrolyzer capacity of 4 gigawatts by 2030, and output of up to 480,000 tonnes of green hydrogen per year.

The Masdar-ADSW report on Africa’s green hydrogen potential can be found online  here

Related-News

05 NOV 2022

ADSW Agenda from COP27

Over 120 world leaders and 35,000 delegates gathered in Sharm El-Shiekh, Egypt, for the COP27 climate summit in Nov 2022.

Abu Dhabi Sustainability Week (ADSW) was there in full force too.

As a global initiative championed by the UAE and its clean energy powerhouse Masdar, ADSW is dedicated to engaging impactful dialogue between global stakeholders on practical, pro-climate, pro-growth solutions for a net-zero future.

At COP27, ADSW held a comprehensive suite of events that convened policymakers, clean energy experts, women, young people, inventors, and business leaders.

Events included bringing young people from the UAE, Africa and Europe together to talk about how to boost youth resilience in the face of the climate crisis. Panel discussions between young female professionals, who had spent time in rural Rwanda, explored how to increase access to clean energy in villages. ADSW also hosted speakers who shared sustainability success stories and discussed how to scale up net-zero buildings.

Africa’s potential to become a global leader in green hydrogen was also highlighted in a landmark report published by ADSW and Masdar. The continent could capture 10 percent of the world’s green hydrogen market, helping to create 3.7 million jobs by 2050, the report found.

Following on from the success of its events at COP27, ADSW 2023 will keep the vital climate conversation going. ADSW 2023 runs from Jan 14 to 19.

Download ADSW Agenda at COP27 program