Aldar becomes first real estate entity to join Clean Energy Business Council

Aldar becomes first real estate entity to join Clean Energy Business Council

Abu Dhabi: Aldar Properties (Aldar) became the first real estate industry entity to join the Clean Energy Business Council (CEBC) as a Partner member to work closely with the organisation to enhance energy efficiency in the region, a press statement said on Friday. The CEBC is a non-profit member association working to accelerate the transition towards clean energy in the region by connecting public and private sectors. With assets under management of Dh30 billion and a significant landbank primed for further development, Aldar said it recognises its responsibility to lead and support clean energy transition initiatives. Aldar is set to collaborate with CEBC in its ‘Energy Efficiency’ working group to achieve goals that will promote a sustainable future and support the UAE Net Zero by 2050 Strategic Initiative. CEBC has a strong list of Partner members including major regional companies such as ACWA Power and ENOC and multinationals such as Standard Chartered, TotalEnergies and ENGIE. Dr. Nasser Saidi, Chairman at CEBC, said: “When discussing the energy crisis, the supply side takes most of the attention while the demand side is usually ignored. However, with current energy efficiency technologies, the world is capable of reducing up to 40 per cent of