The UAE has unveiled an ambitious initiative to establish the ‘Global Energy Efficiency Alliance’ during COP29, hosted in Azerbaijan. This move aims to double global energy efficiency rates by 2030 and contribute to significant emission reductions. The initiative builds on the ‘UAE Consensus‘ from COP28, a commitment that brought together countries, organizations, and corporations to reduce carbon emissions and promote sustainable resource management.

The UAE plans to lead the alliance by sharing its expertise in energy efficiency, fostering knowledge transfer, and building effective partnership models with the private sector. The alliance is designed to support the reduction of carbon emissions and the sustainable use of natural resources through knowledge sharing, capacity building, and standardization efforts.

It aims to encourage strategic public-private partnerships and bolster investments in energy efficiency initiatives. The alliance will focus on compiling and disseminating best practices, with a particular emphasis on assisting African nations. This support will extend to developing financing options and technological solutions vital for the continent’s progress in energy sustainability.