UAE Business: EWEC, ADDED join hands to boost clean energy certificates adoption – Gulf Digital News

UAE Business: EWEC, ADDED join hands to boost clean energy certificates adoption – Gulf Digital News

EWEC (Emirates Water and Electricity Company) and the Abu Dhabi Department of Economic Development (ADDED), today signed a memorandum of understanding (MoU) focused on boosting sustainability best practices and promoting the adoption of Clean Energy Certificates (CECs) across the emirate’s industrial sector.

The joint initiative aims to reinforce the competitiveness of Abu Dhabi’s energy sector and its relationship with the various Industrial and private sector’s manufacturing players.

EWEC will collaborate with ADDED through the Industrial Development Bureau (IDB) to develop new solutions to support innovation in energy products.

The parties will also spearhead the development of proposals to ensure continuous enhancements of the ecosystem to attract new investments and enable sustainable factories to thrive in Abu Dhabi, supporting Abu Dhabi’s long-term strategic plans, including Abu Dhabi Industrial Strategy, by leveraging the full potential of innovative technologies and enhancing sustainability across the ecosystem in line with the UAE Net Zero by 2050 strategic initiative, said the statement.

Abu Dhabi Department of Energy (DoE) issued a Regulatory Policy for Clean Energy Certificates in August 2021, in a bid to drive the transition to a sustainable decarbonised energy sector and marking a foundational step to establishing an Energy Attribute Certificates market and facilitating trading renewable and nuclear