HE Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber of Commerce and Industry, on the power of private-sector partnerships

By His Excellency Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber of Commerce and Industry

In an era where climate change poses one of the most significant challenges to our global community, the United Arab Emirates has pioneered many initiatives for climate neutrality, becoming a leader in environmental sustainability. As exemplified by hosting the COP28 Conference to mobilize global efforts, collective efforts are necessary. The result was the historic UAE Consensus.

At the heart of this leadership, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) champions a vision that aligns closely with the UAE's national climate action agenda, emphasizing the indispensable role of the private sector in realizing these ambitious goals.

The ADCCI’s collaboration with COP28 and the adoption of the UAE Consensus have not only strengthened its sustainability efforts but also significantly impacted the business community. By aligning with the UAE's ambitious climate targets and adopting sustainable practices, companies can position themselves as leaders in transitioning to a greener economy. The long-term impacts of this collaboration are immense, as it has set a precedent for other countries and organizations to follow suit and work toward a sustainable future.

During COP28, the ADCCI actively supported several panel discussions, which addressed the most feasible and available solutions proposed to help SMEs achieve net zero and provided them with access to an advanced set of tools that would enable them to decarbonize and support the global climate goals.

Through its partnership with COP28, the ADCCI has launched several effective initiatives and projects to enhance the private sector’s contribution to achieving climate neutrality. As a result, the ADCCI has extended its support to the COP28 platform and the SME Climate Hub for the MENA region. One of the most notable accomplishments of the ADCCI is establishing a focal point for the sustainability activities of private sector companies in the region. This platform provides companies access to all the necessary resources and tools to help them achieve their sustainable climate goals. It enables them to take constructive actions and measure their progress toward achieving net-zero emissions.

The private sector can help achieve the UAE’s sustainability goals by adopting sustainable practices, investing in sustainable technologies, and collaborating with the government and other stakeholders. By doing so, businesses contribute to the UAE’s sustainability goals and enhance their competitiveness and long-term viability. ADCCI plays a significant role in supporting businesses in adopting sustainable practices and technologies, collaborating with the government and other stakeholders to create a business-friendly environment that promotes sustainable growth.

Businesses, especially small and medium-sized enterprises (SMEs), are at the forefront of innovation and economic diversification. Recognizing their potential, the ADCCI has launched several initiatives aimed at empowering SMEs to transition towards net-zero emissions. Among these, our collaboration with the Australian firm Vyzrd on the 5+5 program stands out as a beacon of innovation, providing SMEs with the tools and knowledge to embark on a sustainable business journey.

Innovation and diversification of investment portfolios are essential in Abu Dhabi’s business ecosystems. We believe that collaborative efforts are crucial to achieve climate goals. Emerging trends and advancements, such as renewable energy and carbon capture and storage, will shape the future of sustainability. The ADCCI is committed to staying ahead and equipping our members to leverage such opportunities.

The Abu Dhabi Sustainability Week remains a critical platform for us to showcase our achievements, share knowledge, and engage with global leaders in climate action. Our participation in this platform underscores our commitment to advancing sustainable development and highlights the UAE's role as a hub for sustainability innovation. The journey toward sustainability is challenging, yet offers unparalleled opportunities for innovation, growth, and leadership. Our progress depends on a collective commitment to reducing climate change and preserving the environment.

The ADCCI remains dedicated to this cause, fostering a business ecosystem where sustainability is not just a goal but a guiding principle for all our endeavors. Together, with collective action and commitment, we can achieve a sustainable future for MENA and the world.