This region is witnessing unprecedented momentum for decisive action to tackle energy access in order to address the future needs of a growing population and increased industrialization.
This momentum comes at a time when countries in this region are more committed than ever to their obligations towards climate change mitigation and adaptation, according to the report.
It is a coincidence that it comes with the business opportunities that innovation, renewable energies, and energy efficiency solutions represent.
As further mentioned in the report, through swift technology adoption and integration, political will, and an enabling environment for innovation, the UAE has demonstrated its capability to lead the energy transition in this region.
From being home to some of the largest utility-scale PV solar projects in the world, the UAE is today leading the way in developing a hydrogen economy as a vital building block to transitioning to low-carbon development.
It is therefore critical to continue building on this momentum and to quickly address existing gaps in key areas such as innovation, technology deployment, access to finance, and skills development, among others.
According to the report, Power Week 2023, which will be held at the Taj Exotica Resort & Spa in Dubai, provides a perfect platform for us to reflect on the path to COP28.
Through the co-production of knowledge and the incubation of ideas, speakers will brainstorm on how to guarantee sustainable power access in the Middle East.
During this year’s Power Week, which takes place on March 21st, we will hear from different panels of high-profile power industry executives and analysts, who will be sharing their insights on the power sector, their expertise, and also highlighting innovations and success stories.
The COP28 president-designate, Dr. Sultan Ahmaed Al Jaber, has indicated that this will be a COP of action.