Highlights
- New ADQ FWD paper identifies key drivers for a cleaner energy future will include digital Clean Energy Certificates, Carbon Capture Utilisation and Storage, Hydrogen investment, diversified power supply and Reverse Osmosis plants
ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, launched its second ADQ FWD paper that explores the UAE’s transition to clean, sustainable energy.
The paper, Journey to Clean, Sustainable Energy, examines the context of the energy sector both at a global and local level highlighting the technologies and solutions that can lower carbon emissions, fast-track the UAE’s sustainability agenda and unlock investment opportunities.
The paper identifies six key drivers for a successful transition to clean energy in the UAE, enabling the nation to capitalise on robust growth opportunities:
- Wider roll-out of Clean Energy Certificates (CECs): Allowing consumers and industrial players to certify the source of their renewable and clean energy usage
- Leveraging Carbon Capture, Utilisation and Storage (CCUS): Utilising this vital tool in the fight against climate change and achieving low carbon targets globally
- Ensuring a multi-source energy mix: Investing in large-scale infrastructure projects to increase renewable and clean energy sources
- Investing in a Hydrogen ecosystem: Establishing the UAE as a leader in blue and green Hydrogen initiatives to increase the potential of Hydrogen in meeting sustainability targets
- Developing Reverse Osmosis (RO) plants: Promoting RO desalination that is up to 50 per cent more energy efficient than conventional thermal desalination plants to produce potable water
- Collaboration among stakeholders: Collectively taking orchestrated action among the energy and industrial sectors with policymakers, regulators and government to deploy renewables rapidly at scale
ADQ FWD is a platform that highlights ADQ’s commitment to further enhancing priority sectors in Abu Dhabi and the UAE. The platform brings together industry experts, government, and advocacy leaders to discuss matters of economic and strategic importance.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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