The United Arab Emirates (UAE) has unveiled an ambitious initiative to establish the ‘Global Energy Efficiency Alliance (GEEA)’ during UNFCCC-COP29, hosted in Azerbaijan.
Key points
- The initiative 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 GEEA 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.
