uae puts spotlight on middle east and north africa’s renewable energy revolution at cop21
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

UAE puts spotlight on Middle East and North Africa’s Renewable Energy Revolution at COP21

Arab Today, arab today

Arab Today, arab today UAE puts spotlight on Middle East and North Africa’s Renewable Energy Revolution at COP21

COP21
Paris - WAM

The Ministry of Foreign Affairs, MoFA, and the International Renewable Energy Agency, has presented fresh evidence of the renewable energy market transformation in the Middle East and North Africa, affirming the technology's role as an unprecedented tool for the region's growing efforts to combat climate change on the sidelines of the United Nations climate change negotiations. The high-level event, featuring leading project developers, energy agency executives, and senior government officials, cited new cost and construction figures that show renewables are rapidly expanding in the region despite low oil prices.

"What started as a bold energy diversification plan in the UAE has become a region-wide phenomenon," said Dr. Thani Al Zeyoudi, Director of Energy and Climate Change at MoFA. "Solar is now the cheapest source of new power in many MENA countries, and we are seeing a snowballing number of proposed projects and policies to capitalise it. Renewables will now be a major part of the climate solution for our countries."

During the event, entitled, "Renewable Energy in MENA", the heads of the International Energy Agency, International Renewable Energy Agency, and UN Sustainable Energy for All cited the world-record low for solar cost in the UAE earlier this year as "an ah-ha moment" for the region, when it was clear that renewables would become a mainstream technology.

The executives of Masdar and ACWA Power, two of the most important renewable energy project developers, further noted that the UAE price is now being replicated in other MENA countries. All speakers agreed that with the cost breakthrough, renewable deployment will continue to accelerate even if oil and natural gas prices stagnate.

"Climate action through renewable energy now makes simple business sense," said Dr. Ahmad Belhoul, CEO of Masdar. "We have passed the tipping point in the market, and the potential in the MENA region is now beyond anyone's imagination even three years ago."

The event also examined key market drivers like public policy, the expected increase of natural gas production, fossil fuel subsidies, competition from nuclear and coal generation, and climate concerns.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae puts spotlight on middle east and north africa’s renewable energy revolution at cop21 uae puts spotlight on middle east and north africa’s renewable energy revolution at cop21

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae puts spotlight on middle east and north africa’s renewable energy revolution at cop21 uae puts spotlight on middle east and north africa’s renewable energy revolution at cop21

 



GMT 23:24 2017 Tuesday ,24 January

Mofida Shiha prefers social TV programs to politics

GMT 21:23 2017 Sunday ,13 August

Fierce clashes between Daesh, SDF in Raqqah

GMT 19:31 2017 Monday ,16 October

Azhar Imam, Mufti to inaugurate international Fatwa

GMT 18:33 2017 Tuesday ,28 March

S. Korea Preparing for N. Korean ICBM Launch

GMT 23:39 2017 Tuesday ,19 September

Iran recruits Afghans, Pakistanis to fight in Syria

GMT 03:51 2017 Saturday ,11 November

'Lazarus' Daly says recovery no miracle

GMT 13:30 2017 Friday ,17 February

Four killed in Kashmir Gun battle

GMT 18:51 2017 Friday ,17 November

FIA WEC Bapco 6 Hours of Bahrain weekend starts
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday