The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

World needs green energy and gas to meet future demand: Al Jaber

posted on 22/01/2017: 1299 views



At the heart of the world's sustainable development goals lies one crucial statistic. By 2040, we will require at least 25% more energy than is currently produced to meet the needs of a rapidly growing, global population, a UAE official has said.

He added that keeping pace with this demand in a way that is both economically and environmentally sustainable is one of the central challenges and was the focus of the world's largest gathering on sustainability in Abu Dhabi last week.

"The good news is that the world has already made substantial progress over the past five years towards a sustainable energy future," Dr. Sultan bin Ahmed Sultan Al Jaber, Minister of State stated in an Op-ed published by @CNNMoney on Friday.

The full text of op-ed: World needs green energy and gas to meet future demand By Dr. Sultan bin Ahmed Sultan Al Jaber, Minister of State At the heart of the world's sustainable development goals lies one crucial statistic: By 2040, we will require at least 25% more energy than is currently produced to meet the needs of a rapidly growing, global population.

Keeping pace with this demand in a way that is both economically and environmentally sustainable is one of the central challenges of our time and was the focus of the world's largest gathering on sustainability in Abu Dhabi last week.

The good news is that the world has already made substantial progress over the past five years towards a sustainable energy future.

There has been remarkable growth in wind and solar power, driven by rapidly falling costs. From 2010 to 2015, total solar capacity worldwide increased fivefold and wind power more than doubled. As the economics of wind and solar continue to become more attractive, the growth rate of both will accelerate.

Yet, as renewables have risen, hydrocarbons are also playing a vital role in responsibly providing the world's energy. Natural gas, in particular, has emerged as a primary source of low emission, low cost power.

The potential for wind, solar and natural gas working together is only now being fully understood. In the right formula, they can be combined to supply sufficient sustainable energy. It works like this: wind and solar only generate electricity when the sun is shining or the wind is blowing. That means there needs to be another power source -- a base load that can always be relied on, regardless of weather conditions.

Natural gas is now the most abundant, clean-burning form of base load power. At the same time, renewable supply tends to peak, and be most cost competitive, when demand for electricity is at its highest. Wind and solar can thus trim the cost of power when it is most expensive, resulting in a significant economic benefit.

Rather than working in competition, renewables and hydrocarbons are now maximising the economic productivity of one another. The more renewables we use, the more hydrocarbons can be diverted to create higher value products or used to supply the world's growing energy demand.

This integrated model, driven by a compelling economic case, is what's ultimately driving sustainable development today and will ensure global energy security for decades to come.

In fact, there's evidence that renewables and natural gas have already begun to stabilise or reduce carbon emissions in the world's largest economies -- the U.S. and China -- for the first time in the industrial age.

U.S. emissions in 2015 were 12% below 2005 levels as a result of the gas/renewable power combination. Conversion to natural gas has had an equally profound impact on economic growth. In 2015 alone, gas added $190 billion to the US economy, 1.4 million jobs, and $156 billion in disposable income.

In the Gulf region, where there is no shortage of kilowatt-hours from the sun, we recognise that it makes perfect economic sense to combine renewable and traditional forms of energy. For over 75 years, our region has been the leader of the hydrocarbon industry. Today, we are extending our reach to become a global hub and centre of gravity for all forms of energy.

While oil and gas will remain critical drivers of the global economy for decades to come, we see the immediate and long-term advantages of a fully diversified energy mix. This belief lies at the core of the United Arab Emirates' recently announced 2050 Energy Strategy.

Around the world, we are seeing similar policies take root and bear fruit, bringing together developed and developing nations around a single unifying cause: a sustainable energy future. – Emirates News Agency, WAM -http://www.wam.ae/en/news/emirates-international/1395306199942.html

RELATED ARTICLES

19 June 2017 Zakher Marine International, Quality Marine Services build three offshore barges at cost US$350
19 June 2017 UAE energy strategy to save up to AED700 billion by 2050: Minister of Energy
18 May 2017 ADNOC signs agreement with Penthol for Group III Base Oil Sales into US
17 May 2017 Development of young Emirati talent a priority for ADNOC, says Al Jaber
09 May 2017 UAE produces 208 million barrels of crude during Q1 2017


Most Read