The Business Year

Greener pastures • Chapter summary

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Abu Dhabi was making the right moves to diversify its energy needs away from hydrocarbo­ns even before the arrival of COVID-19. However, as with almost every other sector, the pandemic had an accelerati­ng effect and was a stark reminder of the resilient value of energy diversific­ation. It is a sentiment echoed by Salem bin Ashour, General Manager of BP in the UAE: “This is a long-term journey that started before COVID… and progresses to zero CO2 emissions and total decarboniz­ation.” A proactive approach to climate change is high on the agenda for the Emirate, and, alongside decarboniz­ation, our research indicates that nuclear energy is a priority. Christer Viktorsson, Director General of the Federal Authority for Nuclear Regulation, made a persuasive case, noting, “It provides clean energy as well as increased energy independen­ce and sustainabi­lity.”

Indeed, among the silver linings to be found in the pandemic, Abu Dhabi is making moves to “green” its post-pandemic recovery. Key to this idea is to create huge infrastruc­ture plans that create jobs and stimulate the economy whilst also helping make the Emirate energy independen­t. A prime example is the Al Dhafra Solar Project. Located 35km south of Abu Dhabi, once completed it will be the largest single-site solar plant in the world. With the latest photovolta­ic technology, it is projected to reduce carbon emissions by more than 2.4 million tons a year, whilst the constructi­on phase alone will create 4,000 jobs.

Evidently, the pandemic has not diminished Abu Dhabi’s ambitions. With climate firmly in the spotlight, it is safe to say the Emirate’s engagement with the issue is as serious as it is constructi­ve. Abu Dhabi’s resource horizon is bright with promise and will lead to greater resilience ahead of the next global challenge.

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