Oman Sustainability Week - OSW’s Post

🇦🇪 UAE Commits $54 Billion to Sustainable Energy by 2030: Setting a New Global Benchmark The UAE’s recent commitment of $54 billion for sustainable energy investments by 2030 is impressive. This move not only highlights their strong ambitions in green technology development but also serves as a strategic approach that could inspire other nations to follow suit. Announced in the context of COP28, it underscores the region’s proactive role in the global energy transition. The UAE demonstrates that even countries with historically carbon-intensive economies can take significant steps toward sustainability—setting an inspiring precedent for us all. https://lnkd.in/eEt4k769

No #NetZero without #SMEs! Excellent insights for the progress made, yet long way ahead. To speed it up tangible relief of administrative and reporting burden is urgently needed together w/ objective #impact assessment, #SMETest and #competitivenesstest #ThinkSmallFirst

𝐈𝐬 𝐢𝐭 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 𝐭𝐨 𝐚𝐜𝐡𝐢𝐞𝐯𝐞 𝐍𝐞𝐭 𝐙𝐞𝐫𝐨 𝐁𝐲 𝟐𝟎𝟓𝟎 ? Lets see what the Bain & Co Survey Says   The landscape of sustainable energy has undergone significant changes in recent years.   In a recent Energy and Natural Resource Executive Survey conducted by Bain & Company, that many industry leaders are sceptical about achieving 2050 net zero targets – partly due to investment challenges . Survey shows almost two-thirds anticipate that global net zero objectives will not be met until 2060 or beyond. This marks a significant shift in sentiment, with 54% expressing similar doubts in the 2023 survey.   Below survey results shows share of energy and natural resource executives who expect the world to reach Net Zero Carbon emissions by target date.   Data Source : Bain ENR Transition Survey 2023. #sustainability #esg #sdg #emissions

#UAE remains the leader, by most key measures, in #environmental #sustainability and #climate action across the Gulf and Africa, says a new Agility Global report. It concludes that the UAE: 🍃Possesses a “strong base” in green investment, innovation and technology 🍃Scores well in infrastructure and transport and cleaner port infrastructure 🍃Beefed up climate financing regulations and net-zero reporting and monitoring 🍃Boosted nuclear and solar capacity 🍃Focuses on air quality, water scarcity and mangrove conservation to protect its natural environment 🍃Performs well in waste management, innovating to promote circularity and banning single-use plastics in 2024 🍃Demonstrates strong collaboration between the government and private sectors in implementing its environmental sustainability agenda. While further progress is needed in areas such as green finance, lowering barriers to entry in the energy market, and filling remaining regulatory gaps, the country is well positioned to enhance its regional #leadership role. PraeEminere Advisory DWC-LLC | #educationleadership | #financesolutions | #sme | #esg | #internshipprogram | #alumnivolunteerism | #socialimpact | #systemsthinking | #stakeholdercollaboration

UAE’s 2050 Vision: CCS at the Heart of Industrial Decarbonization When the UAE sets a goal, it’s more than a plan—it’s a commitment to leadership and innovation. By 2050, the UAE’s long-term strategy places Carbon Capture and Storage (CCS) as a cornerstone, targeting a 32% contribution to industrial sector decarbonization. That’s 43.5 million tons of CO₂ captured annually, a game-changing move for the global climate agenda. What Does This Mean for the Industrial Sector? Pioneering Change: Heavy industries like steel, aluminum, and cement are among the hardest to decarbonize. The UAE is showing the world how CCS can address this challenge head-on. Emission Reduction at Scale: By 2050, CCS will be pivotal in reducing industrial emissions by nearly one-third, aligning with the UAE’s broader net-zero goals. How the UAE is Turning Vision into Reality Strategic Investments: From cutting-edge CCS hubs to infrastructure supporting CO₂ transport and storage, the UAE is investing heavily to ensure scalability. Policy Support: Government-backed initiatives and partnerships are accelerating the adoption of CCS technologies across industries. Global Collaboration: The UAE’s strategy invites international investors, innovators, and incubators to co-develop solutions that can serve as global benchmarks. Opportunities for Investors and Startups Expanding Markets: With CCS markets growing exponentially, the UAE is an ideal gateway for investment in sustainable industrial practices. Innovation Catalyst: From advanced carbon capture technologies to CO₂ repurposing, the UAE offers fertile ground for innovation and collaboration. This is more than a strategy; it’s a call to action. The UAE is building a future where industries thrive sustainably—and you can be part of the journey. #NetZeroGreenBharat #CarbonHydrogenX #CCSLeadership #Decarbonization #UAE2050 #EnergyInnovation #SustainableIndustry #CarbonCapture #FutureEnergy #ClimateAction #CleanTech #GreenTransition

"The Green Revenue Advantage: Embracing Sustainability to Optimize Profits" Sustainability is no longer a nice-to-have for organisations.  The energy transition presents both challenges and opportunities the world(especially africa) must stay ahead of.  For developed markets carbon pricing, taxes, and stringent environmental regulations are making pollution a direct cost-liability that impacts profitability.  While for developing markets, a suitable carbon market and building carbon solutions would create additional revenue while protecting future generations.  Energy transition is an opportunity for companies to develop and commercialize green solutions to access new revenue streams from low-carbon solutions. Companies who are the first-movers to develop carbon capture, green hydrogen and other decarbonization solutions would likely gain competitive advantages. Embedding sustainability into the revenue management process is now a must.  Revenue managers need to start championing greening operations in their business to reduce risks and increase returns.  It's time to fully embrace sustainability. #netzero #energytransition #nigeria #africa #lowcarbonsolutions #green #climatechange #revenuemanagers #renewableenergy

The renewables revolution in emerging economies is underway as many regions in the Global South are increasingly investing in their abundant renewable energy resources instead of importing fossil fuels. We're now seeing: ☀️ 87% of power investment flowing into clean tech ☀️ Solar and wind growing exponentially ☀️ Demand for fossil fuels has peaked in 1/3 of developing economies This means that developing and emerging economies are currently only five years behind the clean energy transition underway across advanced economies in aggregate. With the lowest fossil fuel reserves per person and highest renewables potential in the world, emerging economies are on a path to gain energy faster, cheaper, and more securely. This is the future we want to see, the future that will benefit us all. But more finance is needed to reach the global goal of tripling renewable energy by 2030. Ahead of COP29 in Baku, Mission 2025 - the global coalition of real economy leaders - is formally asking governments in developed countries to help power up emerging economies at #COP29 by massively scaling finance, particularly in lower-income countries.   Read more: https://lnkd.in/e2sktzwH #Mission2025 | RMI |

𝐒𝐜𝐡𝐧𝐞𝐢𝐝𝐞𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐬 𝐓𝐨𝐩 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐒𝐜𝐨𝐫𝐞𝐬, 𝐁𝐫𝐞𝐚𝐤𝐬 𝟔𝟎𝟎𝐌 𝐓𝐨𝐧𝐧𝐞𝐬 𝐂𝐎𝟐 𝐄𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐁𝐚𝐫𝐫𝐢𝐞𝐫 𝐢𝐧 𝐐𝟐 𝟐𝟎𝟐𝟒 𝐓𝐨𝐩 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧: Named “World’s Most Sustainable Company 2024” by TIME and Statista. 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐦𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞𝐬: Over 600 million tonnes of CO2 emissions saved and avoided. 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐦𝐞𝐧𝐭: Trained 682,000 people in energy management skills. Schneider Electric targets training 1 million people in energy management by 2025, with 682,000 already trained. Partnerships with NGOs and employee volunteerism play crucial roles, such as the collaboration with INCO in Senegal on a digital learning program. credits: ESG News.com #sustainability #EarthEmission #ESG #climateactions

These transformative technologies are steadily gaining momentum, gradually displacing their polluting counterparts in the market. However, ongoing development within these sectors is essential to ensure that they can effectively meet the evolving needs and demands of consumers. Meanwhile, their counterparts continue to fill the remaining market, ensuring that jobs are not abruptly displaced and that there is sufficient supply to meet demand. This gradual transition away from polluting alternatives, marked by careful consideration of societal impacts and economic implications, embodies the concept of a just transition.  https://lnkd.in/daHwg3hK #justtransition #lowcarbontechnology

I’m thrilled to share my @BCG perspective, co-authored with @Miklos Veszpremi, on the opportunities and challenges of decarbonizing heavy industries in the GCC.   With industrial emissions making up 46% of CO2 emissions in the UAE, green technologies like CCUS and green hydrogen are not just vital for sustainability but are also critical for the region’s future competitiveness on the global stage.   Read the full article here on @ESGMena: The Path to Sustainability for GCC Heavy Industries | ESG Mena #BCGintheMiddleEast #BCGForNetZeroandBeyond #Sustainability #Decarbonization #Heavyindustries