Latest news with #GEEA
Zawya
2 days ago
- Business
- Zawya
UAE chairs Global Energy Efficiency Alliance
The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), announced that it is chairing the Global Energy Efficiency Alliance (GEEA) for the coming years, following the formation of GEEA's General Secretariat. The UAE announced its intention to establish GEEA during the 29th UN Climate Change Conference (COP29) in Baku, in support of the UAE Consensus and the global goal of doubling the energy efficiency improvement rate, from the historical average of 2 percent to over 4 percent annually by 2030. GEEA reaffirms the UAE's commitment to placing energy efficiency at the forefront of the international energy and climate agenda. This effort comes at a critical moment, as the world is currently off track, the global energy efficiency improvement rate remains below 1.5 percent annually, and at this pace, the world will fall short of achieving its decarbonisation and net-zero targets. GEEA complements other high-level initiatives such as the Mission Efficiency partnership, the G20 Energy Transitions Working Group, and regional clean energy platforms. Together, these combined efforts must be mutually reinforcing, not fragmented—ensuring that knowledge, finance, and best practices flow across borders and sectors. Through chairing this ambitious alliance, the UAE underscores its commitment to spearheading international efforts to enhance energy efficiency across various sectors. The UAE aims to strengthen collaboration among governments, the private sector, financial institutions, and research and innovation centers, thereby accelerating the transition toward more efficient and sustainable energy systems. In this context, Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at MoEI, emphasised that the UAE's chairing of GEEA reflects the international community's confidence in the country's ability to lead and coordinate effectively. He noted that GEEA will play a pivotal role in policy development, knowledge and expertise exchange, enhancing access to finance and innovation, and enabling member states to achieve their national and international energy efficiency goals. Al Olama said, 'This alliance serves as a practical and inclusive platform to accelerate the achievement of the global target to double the rate of energy efficiency by 2030, in line with the historic UAE Consensus. We welcome all partners from around the world to join and collaborate for a more efficient and sustainable future. GEEA aims to drive transformative improvements in energy consumption efficiency across key sectors, including buildings, transportation, and industry.' Last February, the UAE hosted a high-level roundtable during the World Government Summit in Dubai, where the general framework of the alliance was discussed with several countries, international organisations, private sector entities, and financial institutions.
Al Etihad
2 days ago
- Business
- Al Etihad
UAE chairs Global Energy Efficiency Alliance
19 June 2025 15:25 DUBAI (WAM)The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), announced that it is chairing the Global Energy Efficiency Alliance (GEEA) for the coming years, following the formation of GEEA's General UAE announced its intention to establish GEEA during the 29th UN Climate Change Conference (COP29) in Baku, in support of the UAE Consensus and the global goal of doubling the energy efficiency improvement rate, from the historical average of two percent to over four percent annually by reaffirms the UAE's commitment to placing energy efficiency at the forefront of the international energy and climate effort comes at a critical moment, as the world is currently off track, the global energy efficiency improvement rate remains below 1.5 percent annually, and at this pace, the world will fall short of achieving its decarbonisation and net-zero complements other high-level initiatives such as the Mission Efficiency partnership, the G20 Energy Transitions Working Group, and regional clean energy platforms. Together, these combined efforts must be mutually reinforcing, not fragmented—ensuring that knowledge, finance, and best practices flow across borders and chairing this ambitious alliance, the UAE underscores its commitment to spearheading international efforts to enhance energy efficiency across various UAE aims to strengthen collaboration among governments, the private sector, financial institutions, and research and innovation centers, thereby accelerating the transition toward more efficient and sustainable energy this context, Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at MoEI, emphasised that the UAE's chairing of GEEA reflects the international community's confidence in the country's ability to lead and coordinate noted that GEEA will play a pivotal role in policy development, knowledge, and expertise exchange, enhancing access to finance and innovation, and enabling member states to achieve their national and international energy efficiency Olama said, 'This alliance serves as a practical and inclusive platform to accelerate the achievement of the global target to double the rate of energy efficiency by 2030, in line with the historic UAE Consensus. We welcome all partners from around the world to join and collaborate for a more efficient and sustainable future. GEEA aims to drive transformative improvements in energy consumption efficiency across key sectors, including buildings, transportation, and industry.' Last February, the UAE hosted a high-level roundtable during the World Government Summit in Dubai, where the general framework of the alliance was discussed with several countries, international organisations, private sector entities, and financial institutions.
Trade Arabia
16-04-2025
- Business
- Trade Arabia
GEEA aims to double annual energy efficiency by 2030
The Global Energy Efficiency Alliance (GEEA) aims to double annual global energy efficiency rates by 2030, in line with the UAE Consensus from the 28th UN Climate Change Conference, reported WAM. UAE Minister of Energy and Infrastructure, Suhail Al Mazrouei, announced the details of the GEEA, approved by the UAE Cabinet. The Alliance seeks to achieve this target through implementing unified policies and criteria that improve sectoral performance, enhance international cooperation to advance knowledge exchange, enable developing countries to adopt energy efficiency solutions, and provide a global platform for sharing successful energy efficiency technologies and initiatives. The Minister underscored that GEEA will steer radical transformation in the global energy efficiency landscape, reducing carbon emissions and minimising natural resource consumption. He said, 'The launch of GEEA reflects the UAE's steadfast commitment to supporting global efforts towards achieving the UN Sustainable Development Goals (SDGs), advancing collective climate action, and preserving natural resources. Through the Alliance, we aim to provide innovative solutions and cutting-edge technologies that can help countries achieve higher energy efficiency rates, particularly in areas that face challenges in securing funding and technological support.' He added, 'GEEA is a global platform to share experiences and knowledge, allowing members to leverage success stories in enhancing energy efficiency. This will contribute to developing unified tools to measure progress in related initiatives. We, in the UAE, will play a leading role in this Alliance through sharing our best practices and presenting our PPP models. The launch of the Alliance was a direct result of a global willingness to increase the efficiency of energy consumption.' Minister Al Mazrouei invited countries and international corporations to come on-board and join GEEA as through collective action, progress can be made. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, said, 'Energy efficiency is a pivotal element in achieving the objectives of the Paris Agreement and the UAE Consensus. The success of GEEA in mobilising international momentum and aligning the efforts will drive climate action and contribute to building a sustainable future for mankind.' He added, 'The UAE will be at the forefront of sharing energy efficiency know-hows, driving cross-border synergies with state and private sector stakeholders, and offering technical support for member countries to achieve the objectives of the Alliance. GEEA also seeks to build related national capacities through offering training on proven energy efficiency measures.'
Al Etihad
16-04-2025
- Business
- Al Etihad
Minister of Energy and Infrastructure reveals details of Global Energy Efficiency Alliance
16 Apr 2025 11:04 DUBAI (WAM)Minister of Energy and Infrastructure, Suhail Mohamed Al Mazrouei, revealed the details of the Global Energy Efficiency Alliance (GEEA), recently approved by the UAE Cabinet. GEEA aims to improve energy consumption across the board to double annual global energy efficiency rates by 2030, in line with the UAE's historic 'UAE Consensus' from the 28th UN Climate Change Conference (COP28).The Alliance seeks to achieve this target through implementing unified policies and criteria that improve sectoral performance, enhance international cooperation to advance knowledge exchange, enable developing countries to adopt energy efficiency solutions, and provide a global platform for sharing successful energy efficiency technologies and Minister underscored that GEEA will steer radical transformation in the global energy efficiency landscape, reducing carbon emissions and minimising natural resource said, 'The launch of GEEA reflects the UAE's steadfast commitment to supporting global efforts towards achieving the UN Sustainable Development Goals (SDGs), advancing collective climate action, and preserving natural resources. Through the Alliance, we aim to provide innovative solutions and cutting-edge technologies that can help countries achieve higher energy efficiency rates, particularly in areas that face challenges in securing funding and technological support.'He added, 'GEEA is a global platform to share experiences and knowledge, allowing members to leverage success stories in enhancing energy efficiency. This will contribute to developing unified tools to measure progress in related initiatives. We, in the UAE, will play a leading role in this Alliance through sharing our best practices and presenting our PPP models. The launch of the Alliance was a direct result of a global willingness to increase the efficiency of energy consumption.'Minister Al Mazrouei invited countries and international corporations to come on-board and join GEEA as through collective action, progress can be for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, Eng. Sharif Al Olama, said, 'Energy efficiency is a pivotal element in achieving the objectives of the Paris Agreement and the UAE Consensus. The success of GEEA in mobilising international momentum and aligning the efforts will drive climate action and contribute to building a sustainable future for mankind.' He added, 'The UAE will be at the forefront of sharing energy efficiency know-hows, driving cross-border synergies with state and private sector stakeholders, and offering technical support for member countries to achieve the objectives of the Alliance. GEEA also seeks to build related national capacities through offering training on proven energy efficiency measures.'
Hi Dubai
16-04-2025
- Business
- Hi Dubai
UAE Launches Global Energy Efficiency Alliance to Drive Climate Action
The UAE has officially launched the Global Energy Efficiency Alliance (GEEA), a bold new initiative aimed at doubling global energy efficiency rates by 2030. The announcement was made by Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, following the UAE Cabinet's recent approval of the Alliance. GEEA aligns with the landmark UAE Consensus from COP28 and is designed to transform global energy consumption patterns. It will do so by setting unified efficiency standards, enhancing international cooperation, and supporting developing nations with access to innovative solutions and funding. 'The launch of GEEA reflects the UAE's unwavering commitment to the UN Sustainable Development Goals and global climate action,' said Minister Al Mazrouei. 'Through this platform, we aim to share cutting-edge technologies and proven models, particularly with countries facing technological and financial barriers.' The Alliance will serve as a central hub for exchanging knowledge and best practices in energy efficiency. It also aims to create unified tools for tracking progress, while offering technical support and capacity-building programs to member states. Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs, emphasized that energy efficiency is a critical lever for achieving the Paris Agreement and the UAE Consensus goals. 'By mobilizing international collaboration, GEEA will accelerate climate action and help build a sustainable future for all.' The UAE will take a leading role in the Alliance, offering its public-private partnership models and energy know-how. Al Mazrouei invited nations and corporations worldwide to join the initiative, underlining that collective action is essential to driving meaningful change. News Source: Emirates News Agency
