Climate Neutrality refers to the idea of achieving net zero greenhouse gas emissions.
This is by balancing those emissions so they are equal (or less than) the emissions that get removed through the planet’s natural absorption.
In basic terms it means we reduce our emissions through climate action.
The UAE Aims At Achieving Climate Neutrality
During COP28, the UAE led several international initiatives to increase the industry’s contribution to achieving global carbon reduction targets.
To achieve climate neutrality goals, the UAE Ministry of Industry and Advanced Technology has signed a joint declaration of intent with the German state of Baden-Württemberg to strengthen cooperation in several key areas:
- Industrial accelerators: Supporting the growth of promising startups and businesses in both regions.
- Supply chain resilience: Collaborating to build more robust and adaptable supply chains.
- Advanced technology solutions: Sharing knowledge and expertise on developing and deploying cutting-edge technologies.
- Carbon reduction in the industrial sector: Working together to decrease industrial emissions and achieve climate neutrality.
This agreement was signed during the Munich Security Conference held in Munich, Germany, from February 16-18, 2024.
Signatories:
- H.E. Dr. Sultan bin Ahmed Al Jaber: Minister of Industry and Advanced Technology of the UAE
- Nicole Hoffmeister-Kraut: Minister of Economic Affairs, Labor, and Tourism of Baden-Württemberg
- Thekla Walker: Minister of Environment, Climate Protection, and the Energy Sector of Baden-Württemberg
Key Statements from H.E. Dr. Sultan bin Ahmed Al Jaber:
“In line with the leadership’s vision and strategic direction for sustainable industrial development, the UAE Ministry of Industry and Advanced Technology is keen to strengthen international cooperation to transfer and exchange knowledge, expertise, and successful experiences.
This will contribute to enhancing the sustainability and competitiveness of the industrial sector.
It will also reaffirm the UAE’s position as a leading regional and international hub for industry and innovation.”
“The UAE’s commitment to strengthening cooperation was evident during its hosting of COP28.
Where it led several international initiatives to increase the industry’s contribution to achieving global carbon reduction targets.
One of the most prominent examples is the launch of the Carbon Reduction Roadmap for the Industrial Sector.
Which serves as a pioneering model for phasing out carbon emissions and achieving a 93% reduction by 2050.”
“This cooperation with Baden-Württemberg complements these efforts.
And will also contribute to achieving a smooth and responsible transition in the energy sector.
In addition to increasing the deployment and use of clean energy solutions.
This is in line with both the objectives of the UAE’s Industry and Advanced Technology Strategy and the UAE Net Zero by 2050 Strategic Initiative.”
🇦🇪🇮🇳 #UAE and #India issue a joint statement concluding PM Narendra Modi’s visit. discussions during the World Government Summit. Both nations celebrate strengthened ties, signing agreements in investment, economic corridors, digital infrastructure, maritime heritage, and more. pic.twitter.com/OMb9uUiZeQ
— UAE Voice (@uae_voiceeng) February 17, 2024
Key Statements from Thekla Walker:
“Hydrogen is the ideal fuel for building climate-neutral industrial societies.
We look forward to strengthening cooperation with our strategic partners.
Primarily the UAE, to establish a common market for green hydrogen.
Both the UAE and Baden-Württemberg have the capacity to produce green hydrogen.”
His Highness Sheikh Mohammed bin Rashid Al Maktoum announced that the UAE’s non-oil foreign trade reached 3.5 trillion dirhams (about 953 billion dollars) in 2023.↗️ pic.twitter.com/OvlISKFjwG
— UAE Voice (@uae_voiceeng) February 19, 2024
Key Statements from Nicole Hoffmeister-Kraut:
“Our goal is to strengthen Baden-Württemberg’s position as a global center for industry, business, and technology.
To achieve this, we must meet all supplier requirements, focus more on developing our engineering and industrial capabilities.
And increase our reliance on hydrogen as the fuel of the future.”
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