Energy Minister presents UAE Energy Strategy 2025 at XI KAZENERGY

The United Arab Emirates, UAE, is a world leader and advocate of renewable and green energy around the world, despite being a major international oil exporter, stated Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy, during the plenary session of the XI KAZENERGY Eurasian Forum, a major international event in the energy sector, which was held by Kazakhstan on 7th and 8th September, 2017, in the capital, Astana, under the theme, "Creating the Future Energy."

''The UAE has launched a series of renewable energy projects around the world,'' he added.

While speaking about his ministry's role in shaping the UAE Energy Strategy 2050, Al Mazrouei stressed that the strategy aims to increase the contribution of clean energy to the total energy mix to 50 percent, saving AED700 billion by 2050. It also aims to improve the consumption efficiency of individuals and companies by 40 percent, he added.

The plan is a joint effort by all energy-related authorities and executive councils in the UAE, the minister explained.

The strategy also aims to change the energy consumption culture, by reducing residential energy consumption by 40 percent.

''New projects will seek greater efficiency and introduce the latest technology in production, transportation and distribution,'' he further added.

The Forum, organized by the KAZENERGY Association with the support of Ministry of Energy of the Republic of Kazakhstan, was a key event on the sidelines of the Expo 2017 Astana, which was held from 10th June to 10th September, 2017, under the slogan, "Future Energy."

The XI KAZENERGY Eurasian Forum discussed many issues related to the effective management of sustainable energy sources; control over energy production, the storage and use of energy sources; providing access to energy sources; climate change and the reduction of carbon dioxide emissions; the increased use of alternative energy sources; the introduction of energy efficiency programmes, or "smart" energy, and the innovative development of uranium and the nuclear industry by global energy companies.

The main speakers and attendees of the forum included Bakhytzhan Sagintayev, Prime Minister of Kazakhstan, and Kanat Bozumbayev, Minister of Energy of Kazakhstan, as well as representatives from major international energy companies, organisations and agencies.