Eng. Sharif Al Olama, Under-Secretary of the UAE Ministry of Energy and Infrastructure for the Energy and Petroleum Sector, has stated that achieving the Principles of the 50 and the efforts to enhance the country’s overall stature requires greater cooperation between government authorities and the private sector.
The Under-Secretary made this statement during the launch of the ‘Power-to-Liquids Roadmap: Fueling the Aviation Energy Transition in the United Arab Emirates’, which was drafted in cooperation between the UAE Ministry of Energy and Infrastructure and the World Economic Forum.
The Power-to-Liquids (PtL) roadmap shows the financial, economic, and environmental benefits of PtL in decarbonizing the UAE’s aviation industry.
The event was attended by Eng. Yousef Al Ali, Assistant Under-Secretary for the Electricity, Water, and Future Energy Sector in UAE, and several officials from national airlines and major companies operating in the sector.
“The UAE has exerted significant efforts to launch distinguished projects and initiatives in the energy sector, most notably in clean energy, to support the UAE Net Zero by 2050 Strategic Initiative and in line with the Paris Climate Agreement. The UAE is closely cooperating with regional and international partners, with the aim of achieving sustainability in the energy sector,” Eng. Al Olama added.
The UAE is in an excellent strategic position to build a globally leading PtL industry. The analysis demonstrates that it will be financially beneficial, environmentally necessary, and practical to deploy PtL capacity to decarbonize the UAE aviation industry.
The aviation sector is one of the UAE’ success stories and has a central place within the national and regional economies, helping diversification, tourism, and supporting job creation.