The UAE: A High Level Contributor at Baku Energy Week
The UAE is a global leader in promoting clean energy solutions and reducing its reliance on fossil fuels.
This aligns with the growing focus on green energy at Baku Energy Week.
Moreover, the UAE and Azerbaijan announced the start of working on three solar and wind power projects with a total capacity of over 1 gigawatt.
These projects are being developed by the UAE’s Masdar and Azerbaijan’s SOCAR.
COP28 President calls for deeper collaboration between AI and energy sectors to drive climate action
Dr. Sultan bin Ahmed Al Jaber, UAE minister of Industry and Advanced Technology and COP28 President, told delegates at the opening of Baku Energy Week that all stakeholders need to leverage the rise of Artificial Intelligence (AI), the energy transition and the growth of the Global South to accelerate climate-positive sustainable development for all.
Dr. Al Jaber also called on the energy and technology sectors to work more closely together on accelerating the adoption of AI to sustainably meet the world’s growing energy demand and drive decarbonization.
His Excellency Dr. Al Jaber said:
“While AI is driving a surge in energy demand, it is also driving efficiencies that curb emissions.
In fact, the growth of AI is one of three mega-trends that will shape our future, alongside the accelerating energy transition and the rise of emerging markets and the global south.
And the closer the AI and energy collaborate, the more solutions we can unlock to drive decarbonized growth everywhere”.
Highlighting the Troika of COP Presidencies
The UAE is part of the Troika of COP Presidencies, a new initiative that aims to strengthen collaboration between the presidencies of COP28, COP29, and COP30. This platform will promote its commitment to climate action.
Oil and gas companies were invited by Dr. Al Jaber to join the COP28 Methane Pledge.
Mentioning that COP28 Methane Pledge commits signatories to reduce methane emissions by 30% from 2020 levels by 2030.
Dr. Al Jaber also called for increased climate finance from developed countries to make their transition to clean energy easier.
Knowing that the UAE has pledged $30 billion to support climate investments in developing countries.
About Baku Energy Week
- Dates: June 4-6, 2024 (present day)
- Location: Baku Expo Center, Azerbaijan
- It combines three events:
- 29th International Caspian Oil & Gas Exhibition
- 12th Caspian International Power and Green Energy Exhibition
- 29th Baku Energy Forum
Nominations for the sixth edition of the Zayed Prize for Human Fraternity for the year 2025 began today, to honor individuals and entities that work to promote human brotherhood and human solidarity around the world. pic.twitter.com/CLCfhHHiTL
— UAE Voice (@uae_voiceeng) June 3, 2024
- Expected outcomes:
- Showcase the latest advancements in the energy sector across oil, gas, renewables, and green energy.
- Facilitate partnerships and business deals between international companies.
- Provide a platform for discussions on global and regional energy challenges and solutions.
The UAE is playing a significant role in promoting clean energy, collaboration, and climate finance at Baku Energy Week.
These efforts are in line with the UAE’s broader commitment to sustainable development and climate action.
