UAE well positioned to provide low cost, low carbon energy as demand grows

UAE well positioned to provide low cost, low carbon energy as demand grows

The UAE is well positioned to provide low cost, low carbon energy as global demand returns and is expected to increase in line with economic growth, Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change said.

 

Speaking during a virtual session of the Columbia Global Energy Summit, Dr Al Jaber said that increased demand for cost-efficient, lower-carbon energy positions the UAE at a competitive advantage and the UAE is focusing on low carbon production, a WAM report said.

 

"The UAE's primary crude grade, Murban, is one of the least carbon-intensive in the world, with less than half the carbon intensity of the industry average. This creates a dual advantage for us - low cost and low carbon.

 

"So, in a world that needs more energy with fewer emissions, the UAE is stepping up to expand our low carbon crude capacity," said Dr Al Jaber.

 

In a conversation with David Sandalow, Inaugural Fellow, Center on Global Energy Policy at Columbia SIPA, he explained that oil and gas will continue to play a major role alongside a diversifying energy mix and that diversifying the country's energy mix is not only the responsible way forward, but can provide