European Union launches ‘EU-GCC Green Transition Project’
ABU DHABI, UAE, 18 April 2024: European Union announced that in a significant step forward for clean energy and climate action, it launched the EU-GCC Cooperation on Green Transition project. Making the announcement through a Press release, the EU said the event took place at the IRENA pavilion during the World Future Energy Summit (WFES) in Abu Dhabi.
The EU said that the project aims to create a joint platform to exchange best practices and expertise between the EU and the GCC region stakeholders, promoting and adopting policies and technologies that support the GCC region’s green transition and fostering a collaborative business environment between EU green tech companies and their counterparts in the Gulf region. The launch of the project signifies a turning point in the global transition towards a clean energy future, marking a critical commitment to collaboration that sets a powerful example for the international community, paving the way for a more sustainable and prosperous future for all, EU further said.
The EU said the launch event featured keynote addresses from distinguished speakers, including H.E. Lucie Berger, Ambassador of the European Union to the United Arab Emirates, Lukasz Kolinski Head, Unit Renewables and Energy System Integration at the European Commission, and Tarig Ahmed, Regional Programme Officer – MENA Region, IRENA. The EU also said the speakers underscored the significance of international collaboration in addressing global sustainability challenges and highlighted the transformative potential of the EU-GCC Cooperation on the Green Transition Project.
The EU said that in her opening speech, H.E. Berger, emphasised the project’s significance in the collective fight against climate change, highlighting the essential role of businesses from the EU and the GCC region countries in implementing the global targets of tripling renewable energy and doubling energy efficiency. The EU also added that she underlined that enhancing the business environment through this project can play a pivotal role in reaching those targets.
Kolinski said: “Collaboration between the EU and GCC region on green transition is essential for achieving our climate goals. This initiative will drive innovation, create new opportunities, and contribute to a more sustainable future.”
Ahmed said: “I strongly believe that the EU-GCC Cooperation on Green Transition Project is timely and is a pivotal initiative to enable renewable energy solutions and encourage regional collaboration. This project is an essential milestone towards achieving a sustainable future for the GCC region and ultimately to our planet.”
The EU said that a key event highlight, echoing this year’s theme of the IRENA General Assembly, was the roundtable discussion titled “Outcome of COP28: Infrastructure, Policies and Skills for Tripling Renewables and Accelerating the Energy Transition.” The discussion, the EU said, focused on how the EU and GCC region can work together to develop robust infrastructure for significantly increasing renewable energy in the region, implement effective clean energy policies and equip their workforce with the necessary skills for the evolving energy landscape. Furthermore, the EU said, the discussion explored avenues for knowledge sharing, technology transfer, and joint project development, paving the way for a more sustainable future.
The EU said that the EU-GCC Cooperation on Green Transition Project is poised to catalyse change. By fostering deeper collaboration, the project aims to increase the deployment of renewable energy sources significantly, stimulate environmental protection efforts, enhance economic growth and diversification, and strengthen resilience in the face of climate change impacts, the EU further said.