Unlocking the growing clean energy investment opportunities of the Middle East and Africa – two of the world’s most promising renewable energy markets – will be a key focus during the World Future Energy Summit, WFES, being held from January 19th – 22nd in Abu Dhabi.
WFES unites the key players – from industry, technology, finance and government – needed to accelerate commercial opportunities in the renewable energy and clean technology sectors. WFES takes place during Abu Dhabi Sustainability Week, ADSW, from January 17th – 24th, a global platform attracting more than 32,000 delegates to address the interconnected challenges of economic development, water scarcity, poverty, energy and climate change that affect the widespread acceleration and adoption of sustainable development and clean energy.
“As a result of ambitious energy targets, countries in the region are incentivising the rapid scale-up of renewable energy,” said Dr. Ahmad Belhoul, CEO of Masdar, Abu Dhabi’s renewable energy company and host of ADSW. “The development of wind and solar power is a fundamental strategy that supports energy security and creates lasting economic and social opportunity.” The WFES agenda will offer delegates unmatched insight into the growing market opportunities in the Middle East and Africa, home to six of the world’s 10 fastest growing economies.
It includes an examination of how Saudi Arabia – the world’s largest exporter of oil – intends to transform its domestic energy supply to become one of the world’s largest producers of renewable energy. Regional leaders will also discuss the UAE’s roadmap to a diversified energy future and explore how Expo 2020 is driving a holistic sustainability agenda across the country.
African ministers will debate the continent’s vast renewable energy potential, while other sessions will focus on Morocco’s transition from an energy importer to a net energy exporter, provide insight into Egypt’s urgent energy demand needs and examine South Africa’s clean energy growth.
“Now in its eighth year, the World Future Energy Summit is firmly positioned as the gateway to the region’s growing business opportunities in the fields of renewables and clean technology,” said Dr. Ahmad. “Part of the platform’s success is the ability to adapt over the years, taking into account advancements in technology, an evolving energy industry and the interconnectivity of global economies and resources.” WFES is a key element of ADSW, which also includes the International Water Summit, supported by Abu Dhabi Water and Electricity Authority, and EcoWaste, in association with Tadweer, Abu Dhabi’s Centre of Waste Management. The fifth assembly of the International Renewable Energy Agency and the seventh Zayed Future Energy Prize Awards ceremony will also take place during ADSW.
Source : WAM News Agency for United Arab Emirates
