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Dubai carbon reduction – a $10bn opportunity

Dubai carbon reduction initiatives across renewable energy generation, smart grid and buildings’ energy efficiency, will spur government spending and private investment of over $10 billion in the coming years, according to Waleed Salman, Chairman of Dubai Green Economy Partnership.

Salman made his comments at the inaugural Green Leadership and Stakeholders’ Dialogue series, an initiative of the Dubai Green Economy Partnership.

Salman said: “Dubai sets a regional and global example for sustainable economic growth and tangible reductions in carbon emissions thanks to the Dubai Integrated Energy Strategy 2030, which aims to reduce energy consumption by 30% and reducing carbon emissions by over 5 million tonnes.”

Fahad Al Gergawi, Secretary General of Dubai Green Economy Partnership, and CEO of Dubai FDI in the Department of Economic Development in Dubai, presented Dubai Green Economy Partnership 2015 global agenda. He provided insight into how Dubai is forging global partnerships to establish its position as a gateway for regional and global green trade and investments.

The session was moderated by Ivano Iannelli, CEO of Dubai Carbon, and included an overview of Dubai’s enabling ecosystem which helps to accelerate the adoption of green technologies, products and services across the region by Marwan Abdulaziz, Executive Director of TECOM Sciences Cluster.

Stephane Le Gentil, CEO of Etihad Energy Services, a Dubai Electricity and Water Authority (DEWA) venture established this year to support the creation of a viable building energy efficiency services market, shared some eye opening remarks about the business prospects for energy services companies (ESCOs).
She said: “The Dubai ESCOs market will provide new business opportunities for joint ventures, international partnerships as well as engage UAE national entrepreneurs. This will be possible through a diversified supply chain from financial institutions, technology providers and equipment manufacturers to service providers across the project development, management and reporting stages.”



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