Despite being one of the world’s top countries for producing hydrocarbons, the UAE has made it apparent that it is focused on clean and renewable energy.
The UAE Energy Strategy 2050, which seeks to lower the carbon footprint of power generation by 70% and save AED 700 billion by 2050, has served as the overall strategy leading this movement. Its goals are to raise the share of clean energy in the entire energy mix from 25% to 50% by 2050. Additionally, it aims to boost individual and corporate consumption efficiency by 40%.
The UAE’s government has established many Sustainable Development Goals (SDGs) that will guide the nation toward a more environmentally friendly future; therefore, sustainability is also a significant factor in the UAE’s overall image.
There are many chances for startups and SMEs to profit from the numerous projects, initiatives, and programs developed by the public and private sectors to assist this expanding industry.
The Catalyst
The Catalyst is Masdar City, Abu Dhabi’s ground-breaking sustainable urban development and innovation hub, and it is the first startup accelerator for clean technology in the area. The Catalyst, backed by oil giant BP and Masdar, supports companies by providing cash, coaching, and training to help them grow their businesses. The Catalyst, a company based in Masdar City Free Zone, accelerates eco-friendly business concepts 1-3 years from commercialization through a comprehensive program that offers entrepreneurs various services and assistance required to establish a firm.
Masdar City Free Zone
Another component of Masdar City’s eponymous Free Zone is a thriving business community home to a diverse, innovative and ambitious collection of companies, from multinationals to SMEs and startups, like solar energy tech company Volts and cleantech venture FortyGuard.
Plug and Play Abu Dhabi’s Industry 4.0 Open Innovation Platform
An industry 4.0 open innovation platform for the emirate was introduced by Plug and Play Abu Dhabi and the Abu Dhabi Investment Office last year.
The platform will highlight tech issues and innovation bottlenecks that entrepreneurs should address as part of accelerator programs and technical challenges. This work will be done in collaboration with key industry players and thought leaders throughout Plug and Play Abu Dhabi’s ecosystem. Additionally, Plug and Play Abu Dhabi will aid in hastening the rollout of cutting-edge pilots, technological fusions, and new products.
Although the platform serves a wide range of industries, energy is a key area of concentration.
Middle East Energy
One of the most respected and well-known events in the energy sector, Middle East Energy has a 45+ year history.
By bringing the global energy community together, Middle East Energy gives you the chance to learn about goods and make contacts with exhibitors from all over the world.
You may learn about the newest energy advancements at the event and take in keynote talks to learn insightful things about how the energy industry will develop in the future. For business owners, it also provides excellent networking possibilities.
The event frequently holds the Energy Startup Hub pitch competition, where energy companies have the opportunity to present their products to an audience of prospective investors and a panel of industry experts.
Abu Dhabi Sustainability Week and World Future Energy Summit
Abu Dhabi developed the Masdar-hosted Abu Dhabi Sustainability Week (ADSW) to promote international cooperation and sustainability. The Abu Dhabi National Exhibition Centre hosts the annual ADSW, a forum for driving global sustainable development (ADNEC).
By organizing many platforms and activities to involve and empower young people, women, and community members to take an active part in bringing about a sustainable future, ADSW adopts a proactive approach at the grassroots level.
With the help of its public and private partners, ADSW organizes many events that draw world leaders in politics, business, and technology. These events give participants a platform to exchange information, highlight innovation, and layout plans for implementing climate change.
World Future Energy Summit, a significant worldwide occasion advancing sustainability and the world’s transition to clean energy, is an important component of ADSW.
The summit brings together leaders, innovators, and global thinkers to discuss ideas for developing the blueprints for a sustainable future. It functions as an exposition, technology showcase, investment incubator, and business forum, all wrapped into one event.
The rapidly growing nation is undoubtedly moving in the right direction to ensure that expansion doesn’t harm the environment and that the UAE continues to set the way for a more sustainable future with these advancements and the other sustainability measures that have been put in place.
These environmentally friendly construction projects in the UAE are a positive move. You may help the environment by making little changes to make your house more “green.”
