UAE Climate Tech: MoIAT to host ‘first-of-its-kind’ forum with ADNOC, Masdar

The Ministry of Industry and Advanced Technology (MoIAT), in partnership with ADNOC and Masdar, will host ‘UAE Climate Tech’, a ‘first-of-its-kind’ forum aimed at bolstering climate action.

The forum will take place on May 10 and 11^, at the Abu Dhabi Energy Center.

The event aims to accelerate efforts to reduce emissions by at least 43 per cent by 2030 in line with the Intergovernmental Panel on Climate Change (IPCC) report.

More than 1,000 global policymakers, CEOs, experts, academics, technology leaders, pioneering disruptors and investors will gather at the forum to enable dialogue and collaboration on innovations and economic opportunities in speeding up decarbonisation across industries.

Joining the race to net zero

Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, said: “The science behind climate change is crystal clear, as stated in the latest IPCC report. The world is losing the race to keep temperatures from rising 1.5 degrees above pre-industrial levels. We have a small window of opportunity to make a massive course correction and shift gears, and we must act now by delivering across the four key pillars of climate finance, human capital, policy and technology.

“Meeting the world’s fast-growing energy needs, while dramatically reducing emissions is one of the most complex challenges that humanity has ever faced. With technological advances at a tipping point, we must act with urgency to develop and deploy these innovations to drive low-carbon solutions and catalyse economic opportunities.

“To accomplish this, we need greater collaboration and UAE Climate Tech offers a unique opportunity to convene industry leaders and policymakers to enable climate action that will transform, decarbonise, and future-proof for a net-zero world.”

Register your interest to attend #UAEClimateTech by scanning the QR code! The first-of-its-kind forum held on 10-11 May will explore disruptive innovations and economic opportunities, supporting the global drive to achieve Net-Zero by 2050 #MakeItInTheEmirates ??? pic.twitter.com/h0fwPvu34k

— وزارة الصناعة والتكنولوجيا المتقدمة (@MoIATUAE) April 11, 2023

Invested in climate action

The UAE has been a major investor in climate action and its approach is underpinned by ADNOC’s $15bn allocation to low-carbon solutions, new energies and decarbonisation technologies. On its part, Masdar is targeting 100 gigawatts (GW) of renewable energy capacity by 2030.

Read: ADNOC earmarks $15bn for low-carbon solutions and decarbonisation tech

Held ahead of the 28^th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), UAE Climate Tech will feature technology, innovation, and investment opportunities while highlighting technologies such as carbon capture, AI, robotics, digitalisation, hydrogen, alternative fuels and new and low-carbon energy solutions for oil and gas and hard-to-abate sectors, from around 60 to 100 companies, many of which will be making their first entry into the UAE.

Read: COP28 will be UAE’s most important event in 2023, says Sheikh Mohammed

The forum will also highlight the UAE’s efforts in driving technology adoption and development to accelerate decarbonisation and create the green industries of the future including climate-critical sectors like renewables, hydrogen, climate-smart agriculture and STEM education.

MoIAT is also creating strategies that will encourage companies in the country to enhance production methods to incorporate decarbonisation.

It is also looking to incentivise the creation of new businesses that prioritise decarbonisation.

Initiatives and alliances driving these goals include the Technology Transformation Program, Industrial Technology Transformation Index, green financing in partnership with Emirates Development Bank, the Industrial Sustainability Alliance, while spreading awareness of green regulations and standards.

Also read: UAE to host COP28 summit at Expo City Dubai

The conference is expected to see over 45,000 participants daily, including heads of state, government officials, international industry leaders, private sector representatives, academics, experts and representatives of civil society organisations.

The selection of Expo City Dubai as a venue for COP28 builds on the legacy of Connecting Minds, Creating the Future, the underlying theme of the Expo 2020 Dubai event.