According to the World Bank, the UAE is the sixth largest oil producer in the world and one of the richest countries in the world with a per capita GDP of more than $ 43,000 in 2019. According to Vision 2021, the second economy is dependent on oil and natural gas, and is committed to development Sustainable development to become the most diversified economy in the Gulf Cooperation Council countries. This includes digitizing the economy, which has become a priority during the COVID-19 pandemic.

On the topic: Not the same before: Digital currencies make their debut in the midst of COVID-19

Green Economy for Sustainable Digitization
The first virtual summit of the Sustainable Development Week in Abu Dhabi 2021 was broadcast live in English and Arabic on YouTube, and during the event more than 100,000 views were gathered from participants from more than 175 countries and with the participation of more than 500 influential world leaders. From government, business, and technologies that have explored social, economic and technological opportunities that contribute to sustainable post-pandemic environmental recovery.

During the summit, the leaders of the countries of the Gulf Cooperation Council renewed their pledges to decarbonize “to save the equivalent of 354 million barrels of oil through the use of” renewable energy sources. According to the latest figures from the International Renewable Energy Association, this translates into a 23% reduction in oil consumption to reduce carbon dioxide emissions from the energy sector by 22%.

In his opening remarks, Sultan Ahmed Al Jaber, representative of industrial and advanced technology for the United Arab Emirates, Special Envoy for Climate Change and Chairman of the Clean Energy Company, Masdar, indicated that society is now overseeing the COVID-19 pandemic. Artificial intelligence, machine learning and the digitization of various areas of life around the world. Consequently, electrification, decarbonization and digitization initiatives are becoming increasingly important in all industries.

Masdar Solar Energy Initiatives
New digital technologies require high consumption of electricity, which is currently produced in the United Arab Emirates mainly using fossil fuels, which has a negative impact on the environment. Given the vast hydrocarbon resources in the UAE, Masdar aims to become a major producer of blue hydrogen and contribute to the country’s efforts to reduce carbon emissions by nearly a quarter. Masdar recently reached an agreement with the Abu Dhabi Department of Energy and five other agencies to develop clean hydrogen fuel solutions.

But the UAE’s commitment under the Paris Agreement to reduce carbon emissions by 2050 relies heavily on solar energy to diversify Abu Dhabi’s energy sector into renewable sources. Solar energy is seen as a pillar of Masdar’s renewable energy strategy in many ways. The world’s largest solar power plant is under construction in Abu Dhabi, where deserts are among the best places to collect solar energy. It never lacks sunlight and is rich in silicon, the raw material for the semiconductor that makes solar cells. Another benefit of installing solar panels in the desert, according to a 2018 study, is that it can create a more humid environment that spreads vegetation to combat desertification.

Masdar City: The Space and Green Technology District of the United Arab Emirates
Masdar City in Abu Dhabi, designed by Masdar, is one of the most resilient urban communities in the world, providing a strategic framework within which companies can build their networks locally and globally, explore more investment opportunities and test innovative technologies from the start before implementation. To help the United States. The United Arab Emirates is working to diversify its economy.

The city has a free zone and more than 900 organizations, from international conglomerates to start-ups, developing innovative technologies in the fields of energy, water conservation, mobility, space, blockchain technology and artificial intelligence to solve the world’s most important sustainable development in more than 30 countries.

Emirates Space Agency
The Emirates Space Agency is based in Masdar City and helps support a sustainable national economy by developing satellites used for mapping natural resources, environmental monitoring, spatial planning and security.

Digital economy
The UAE government is prioritizing the digitization of the economy to ensure that authorities are efficient and innovative in the industry and strengthened international leadership.

LEAVE A REPLY