The biggest challenge for the UAE’s Minister of Energy and Industry is ensuring water security for the country’s future generations.
Speaking at the inaugural edition of the Global Leaders Forum, held in Dubai on April 3, 2018, His Excellency Suhail Al Mazrouei, the UAE’s Minister of Energy and Industry, said: “The UAE has already put in place a strategy to reduce water consumption. This is the priority for everyone to look at now for the sake of future generations.
“We need to stop taking any water from the ground water resources, especially for agricultural purposes. The current sources need to be replaced to increase the efficiency and keep it for the future generations,” he added.
The minister stressed the need to find new ways of ensuring the availability of clean water.
“We burn gas for water desalination, which does not make sense — economically and environmentally. The world is rallying towards clean energy. The fossil [fuels] of future will be much cleaner than they are today. In the UAE, our target is to produce clean energy by 70 per cent from the current levels,” he said.
The minister said renewable energy is the “choice and destiny” for the UAE.
As part of diversification to sustain growth, the UAE’s leading oil producing company is planning to double its refining capacity and triple its petrochemical manufacturing capacity.
The minister also stressed on the UAE’s initiatives to reduce energy consumption levels by 40 per cent by 2050.
He said this can be achieved by improving the standards of new buildings, retrofitting systems of existing buildings and changing consumers’ behaviour.
Organized by Bloomberg Businessweek Middle East, The Global Leaders Forum addressed challenges and next steps in creating sustainable business and economy. The day-long event explored the challenges that governments, businesses and societies face in fostering innovation and being more sustainable, and the opportunities presented by following a more sustainable agenda.
The forum hosted global leaders, who have successfully led growth and driven innovation. The forum also served as a platform for leaders to engage, network, discuss and learn about best practices from global leaders.
* Source: Bloomberg Businessweek