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Agreement Signed At Wetex Between Dmcc And Etihad Esco | |
| Staff Writer |
In accordance with the Dubai Clean Energy and Net Zero Carbon Strategy 2050, DMCC, the Government of Dubai Authority on commodities trade and enterprise and master developer of the JLT District, has announced a series of sustainability projects to accelerate the decarbonization of the Jumeirah Lakes Towers (JLT) community.
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Executive Director and Managing Director of DEWA HE Saeed Mohammed Al Tayer was present for the signing. At the Water, Energy, Technology and Environment Exhibition (WETEX) 2022, DMCC and Etihad ESCO, a wholly-owned subsidiary of the Dubai Electricity and Water Authority (DEWA), signed a 20-year agreement following the announcement of the project earlier this year.
DMCC will install solar panels at OneJLT, the DMCC Tea Centre, the DMCC Coffee Centre, and the Jewellery & Gemplex building. Additionally, the JLT District car parks will be fitted with higher-efficiency lighting and ventilation solutions to reduce energy usage. DMCC will also expand its work with Etihad ESCO through other projects that target a 30% increase in energy and water efficiency across the entire JLT community,y.
Feryal Ahmadi, Chief Operating Officer, DMCC, stated, “Representing some of the most salient issues that we collectively face today, sustainability and decreasing carbon emissions have never been more important. This core belief is the driving force behind DMCC’s comprehensive sustainability strategy and this full suite of decarbonization projects that we are announcing today. Through these projects, we look to deliver an increasingly positive impact to the 60,000 people and 21,000 businesses that call JLT home.”
Dr. Waleed Alnuaimi, Acting Chief Executive Officer, Etihad ESCO, added, “We are proud to partner with DMCC on such an important project. Installing solar panels across the JLT district fully supports the various sustainable energy strategies championed by the UAE, allowing Dubai to positively tip the scales for climate change globally.”
DMCC places a strong emphasis on sustainability and related ESG factors. By signing on to the United Nations Global Compact (UNGC), DMCC became the first free zone in the GCC to support ethical business practises all the way through the supply chain. To fulfil its commitment to the UNGC, DMCC releases a sustainability report every year detailing the financial district's achievements in meeting sustainability goals.