Energy resources crucial for sustained growth, says Al Mazrouei

Energy resources crucial for sustained growth, says Al Mazrouei

Astana: Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that energy security is a global issue that affects the entire world. “The availability, accessibility, and affordability of energy resources are essential for the sustained growth and development of our economies,” the minister said at the Astana International Forum. “There are key steps that have be considered to develop effective energy policy between countries, including enhancing international interconnectivity; driving cooperation through forming new bilateral and multilateral agreements and partnerships and expanding the scope of existing ones, enhancing intelligence capabilities by establishing mechanisms for the exchange of data and insights on energy markets to help make informed decisions on energy production, consumption, and investment; building interconnected energy grids and establishing cross-border energy infrastructure will create a more robust and efficient energy system.” The minister underscored the importance of diversifying energy sources to include conventional and renewable sources, and exploring alternative supply routes, such as pipelines, interconnectors, and terminals, to mitigate vulnerabilities and enhance energy resilience. “In 2021, the UAE announced its Net Zero by 2050 Strategic Initiative, with investments of more than 163 billion dollars in clean energy projects until 2050,” noted the minister, noting that the Emirates is