Powering the Energy-Efficiency Conversation in the UAE
Energy efficiency is one of the most powerful mechanisms for addressing climate change, in part because it has a relatively lower cost and is easier to implement. McKinsey found that energy efficiency represents about 40% of the global greenhouse gas reduction potential. A study looking at U.S. electric utility companies found that implementing energy-efficiency programs at power plants would cost up to 50% less than building new plants.
These and many other related issues will be the focus of discussions at the inaugural Emirates Energy Efficiency Summit (EEES), the first of two international summits being co-developed by GE and The Prince Albert II of Monaco Foundation. The events are part of a broader initiative called Partners for Progress on Energy Efficiency that will provide a platform for the analysis and debate of global views on energy efficiency. The goal of the initiative – whose founding partners include GE and the foundation – is to develop a call to action for both public and private sector organizations to address climate change by reducing energy consumption and carbon emissions.
Building on the success of similar-themed events held in Monaco, such as the Euro Mediterranean Energy Efficiency Forum, GE and the Foundation will host the Emirates Energy Efficiency Summit (EEES) in Dubai on February 3-4.
The theme of “Energy Efficiency in the UAE: an opportunity for sustained growth and global leadership” will focus the event on three areas: educating and inspiring the youth and informing business on legislation and regulations; motivating behavioral change in consumers and business and increasing accountability through policy, legislation, incentives and measurability.
The content for the EEES event will be shaped with high-level input from a guiding executive council, whose members are drawn from some of the most influential organizations in the UAE. In addition to GE and the foundation, council representatives come from AW Rostamani Lumina, Gas Cities, Zayed International Foundation for the Environment, American University in Dubai, The Change Initiative, Etihad Energy Services and the UAE Government.
The invitation-only event will bring together prominent thought leaders and players in the energy-efficiency sector and senior officials and executives from government, business, industry, academia and the media. The event will feature keynote presentations and outcomes-targeted roundtable discussion, complemented by best-practice case studies in areas such as commercial building management and city environments.
“We see the UAE has the potential to become global leader in the sphere of energy efficiency, demonstrating its true worth as a key component of sustained growth. The event will seek to promote an energy efficiency ethic, with a call to action for both public and private sector organisations to reduce energy consumption and carbon emissions within their operations. I look forward to welcoming you there,” said Erdem Soyal, General Manager Middle East, North Africa and Turkey, GE.
For more on GE’s efforts to support energy efficiency in the UAE, click here.