ABU DHABI, 18th August, 2022 (WAM) — A local English daily has said that record growth in renewables, representing over 80% of all new power-generating capacity last year, is the clearest sign yet that the energy transition is gathering pace.
“Recent events have shown that unplugging the current energy system before we have built a sufficiently robust alternative puts both economic and climate progress at risk – and calls into question whether we can ensure a just transition that is equitable to all,” Khaleej Times said in an editorial on Thursday.
A successful energy transition must be built on progress for the economy and the climate together. It must be based on scientific, economic, and engineering facts, appreciate the multiple dilemmas and challenging trade-offs, and accelerate the deployment of practical solutions. “And for that, we need an inclusive approach that leverages the experience of all sectors of society and, critically, does not exclude the energy sector,” it added.
What’s needed is a realistic new strategy that is practical, pro-growth, and pro-climate. The strategy needs to appreciate the complexity of energy and industrial systems, and that the scale of the transition required is colossal, requiring greater alignment and collaboration on everything from capital allocation to product design, public policy, and behavioural change.
This means examining the demand side of the energy system first. Wind and solar power are making great advances, but most energy is used in heavy industry, manufacturing, construction, transportation, and agriculture. These harder-to-abate sectors have the biggest effect on climate and thus require more investment, starting now.
These realities are guiding the UAE’s approach to the energy transition, which involves continuing to meet global needs today while investing in the new energy systems of tomorrow. The UAE has three of the world’s largest single-site solar plants, has invested in renewable projects in over 40 developed and developing countries, and plans to increase its renewables portfolio to 100 gigawatts by 2030.
“We have also invested in nuclear power and are laying the foundations of the hydrogen value chain, which is key to achieving net-zero emissions,” the newspaper pointed out.
The daily continued, “While the UAE remains a reliable supplier of some of the world’s least carbon-intensive oil and gas, we will reduce its intensity by a further 25% before the end of this decade. And, as the first country in the Middle East and North Africa to announce a 2050 net-zero strategic initiative, we are decarbonizing our economy sector by sector. We have established the region’s first industrial-scale carbon-capture program, and all the electricity consumed by our national oil company now comes from zero-carbon nuclear and solar power.
“As this year’s United Nations Climate Change Conference (COP27) approaches, and as the UAE prepares to host COP28 in 2023, we need to focus on practical solutions that will help solve the trilemma of securing accessible, affordable, and sustainable energy supplies. If the COP process is to make good on the pledges of the Paris agreement, we need an inclusive dialogue on the framework for a realistic energy transition.
“This dialogue should bring everyone to the table, from governments and civil society to scientists and the private sector. It must include professionals from across the energy sector, because a rational discussion about the practicalities of an energy transition that reduces emissions without impeding economic progress is not possible otherwise.”
The Dubai-based stated, “But let’s not wait to start this conversation. If we are going to make good on the pledges of the Paris agreement, we need to deliver results now for the climate and the economy. Our ultimate goal should be to hold back emissions, not progress.”
This content was originally posted at Emirates News Agency on the Source link .