The UAE government is developing a comprehensive legal framework to regulate the energy sector, according to Matar Hamed Al Neyadi, Undersecretary of the Minister of Energy.
“This framework will regulate and defined energy production, energy resources, waste recycling and energy saving and all other issues related to the energy sector,” Neyadi told media on the sideline of World Green Economy Summit which opened in Dubai on Tuesday.
“We are coordinating with all government entities across the UAE to develop these rules and regulations,” he added.
The energy committee which develop the energy policy in the UAE has recently define that 24 per cent of power should be produced by clean resource.
The committee also set rules to recycle 75 per cent of the country’s waste. Currently 90 per cent of the UAE’s waste is dumped, while only 10 per cent are recycled, Neyadi said.
Through a panel discussion at the World Green Economy Summit, Adnan Amin, Director General of IRENA, said that building a green economy is the best way towards clean environment and to improve the lives of the people.
This can’t be achieved without bringing together the public and private sectors, he added.
“By 2020 the world population will reach 8.5 billion; therefore, demand on energy will be increasing,” he said.
“We all have a stake in the green economy and one of the most sobering issues for me is that meeting the increasing demand for energy, as well as averting catastrophic climate change, is possible, but only if we act now and triple renewable energy deployment in the near term,” Amin said.
“People often ask why IRENA is based in a hydro carbon economy. This is because it is here, in the UAE, where the vision is,” he added.