- Announcement of ‘EU-GCC Cooperation on Green Transition’ creates a groundbreaking joint platform to support the GCC’s green energy transition
- Startup innovation takes centre-stage as UAE-based Food to Fertiliser highlights patented dehydration technology that converts organic waste into nutrient-rich fertiliser
Abu Dhabi, UAE - April 18, 2024: A fascinating series of potential blueprints for future-proofed policies and solutions relating to eMobility and Smart Cities were explored today at the 16th World Future Energy Summit, hosted by Masdar, as thousands of sustainability, energy, transport, and urban planning professionals descended on Abu Dhabi National Exhibition Centre (ADNEC) for the three-day event’s final leg.
As unbroken sunshine returned to the UAE capital’s skies, the World Future Energy Summit’s closing day was extended to cater for larger-than-expected visitor demand – a consequence of the extreme weather that restricted movement across the country this week.
And with the weather providing a fitting metaphor for the ‘brighter future’ narrative being pressed by global energy experts across X ADNEC halls, the event’s focus switched to eMobility and Smart Cities following two days of explorations relating to Green Finance and the Pathway to 1.5°C.
eMobility and Smart City Forums take top billing
In the dedicated eMobility Forum, a quartet of insightful sessions explored a panorama of critical industry topics, including how autonomous transport is poised to significantly evolve city design and spotlight infrastructure resilience, the importance of enhancing stakeholder collaboration across the clean transport sector, and how the UAE is on-track to achieve 50 per cent new energy vehicle (NEV) sales by 2030.
In the opening panel session, forum attendees heard how the Emirates is leading the global aerial autonomous vehicles movement, with tests currently being conducted in Dubai and Abu Dhabi that are set to prelude a major exercise to map the Emirates’ skies – a core step in creating dedicated sky routes or aerial roads for the next-generation of flying autonomous transport solutions.
The following session came from Naveen Ahmed, Advisor and Transaction Coordinator, Private Financing Advisory Network, who gave a presentation based on a study commissioned by the Pakistan Private Sector Energy Project, supported by USAID and implemented by PFAN, UNIDO and REEEP. It focused on the indigenisation of the EV value chain in Pakistan’s two- and three-wheeler transport segment, which account for around 86 per cent of the country’s total vehicular fleet.
“Essentially, what the study focuses on is Pakistan as an investment opportunity in the e-mobility sector, especially in the two- and three-wheeler vehicle segment, i.e. scooters and rickshaws or tuk-tuks, which is where we see total cost of ownership (TCO) parity,” Ahmed said. “We see an uptake in sales in these segments. In the two-wheeler sector, many are commercially used in courier and delivery services, while the rickshaw three-wheelers are predominantly used for transporting goods.”
Ahmed explained that despite the higher upfront costs of EVs compared to conventional vehicles, net savings in the two-wheeler and three-wheeler sector can be achieved in 6-12 months because of the high mileage travelled. “The operating costs are lower compared with conventional vehicles, so there is TCO parity when you compare the total upfront costs of the EV versus the savings that a user experiences over a period of time. That is a big deal, especially in low-income, developing and emerging markets, which are vulnerable to oil price movements and where budgets are strained. It makes economic sense.”
The study outlines investment opportunities in the EV ecosystem generally, and verticals along the entire supply chain, such as material supply, retrofitting, battery manufacturing, EV manufacturing, infrastructure, IT services and mobility as a service. “We see a billion-dollar opportunity in the two-wheeler segment alone,” Ahmed concluded.
Speaking at the dedicated Smart City Forum, Chris Wan, Associate Director of Sustainability and CSR at Masdar City, stressed how a people-first approach to sustainable master planning is poised to evolve the design, infrastructure, and functionality of future cities and urban communities.
“When it comes to sustainable master planning, Masdar, as an investment company, is doing our best to demonstrate that environmental sustainability is also profitable,” said Wan. “If we are to turn current mindsets into catalysts for change, we believe no-one is going to be fully invested if there’s a chance to lose money.”
Referencing how building science is ushering in transformative health benefits for residents and businesses, Wan added: “If we look at health benefits, we have CO2 sensors in our buildings, and we regulate the injection of fresh air into workplaces and communal areas. We also have other innovations, such as anti-glare window panelling. The feedback we have received from occupants of our buildings is that they feel more energetic, report fewer headaches due to reduced glare, and don’t feel the post-lunch slump as much, which all lead to increased staff wellbeing and better productivity. There is a clear financial impact that comes with these benefits.”
EU-GCC Cooperation on Green Transition Project Announced
Elsewhere, a groundbreaking new project announcement was hailed as a significant step forward for clean energy and climate action. The ‘EU-GCC Cooperation on Green Transition’ aims to create a joint platform to exchange best practices and expertise between the EU and GCC stakeholders, promoting and adopting policies and technologies that support the Gulf’s green transition, and fostering a collaborative business environment between EU-based green tech companies and their GCC counterparts.
The project announcement 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.
The launch featured keynote addresses from Her Excellency Lucie Berger, Ambassador of the European Union to the United Arab Emirates; Lukasz Kolinski, Head of Unit Renewables and Energy System Integration at the European Commission; and Tarig Ahmed, Regional Programme Officer - MENA Region at IRENA. The trio each underscored the significance of international collaboration to address global sustainability challenges.
“I strongly believe the EU-GCC Cooperation on Green Transition Project is timely and acts as a pivotal initiative to enable renewable energy solutions and encourage regional collaboration,” said Ahmed. “This project is an essential milestone towards achieving a sustainable future for the GCC region and, ultimately, for our planet.”
UAE startups shine in dedicated zones
This year’s Summit hosted numerous dedicated areas championing innovation across the startup ecosystem, including the Green Hydrogen Innovation Zone, the Masdar Innovation Zone, and the Climate Innovations Exchange (CLIX) initiative – a curated platform for 22 female-led, run, or founded startups and SMEs to demonstrate their game-changing products and solutions to the investors and the wider industry.
Susan Payne, COO at Sustainable Planet, a CLIX participant, said: “As a smart business focused on agriculture and food technology, we specialise in growing high-quality plant-based proteins, which helps the environment and reduces carbon emissions by cutting waste and working efficiently with nature. The UAE is a great place for women-led SMEs, especially in energy and sustainability, where women remain under-represented. With the right support, women in these fields can do amazing things and CLIX is a unique special platform committed to fairness and inclusivity.”
With dozens of startups showcasing an assortment of game-changing sustainability-themed products and solutions, UAE-based startup Food to Fertiliser highlighted a range of custom machines that use patented dehydration technology to convert food and other organic waste into nutrient-rich fertiliser.
With one-third of all food produced globally currently going to waste, Food to Fertiliser leveraged the World Future Energy Summit to seek investment for an initial manufacturing run of its new Food Cycler product – a consumer-friendly unit intended for residential use.
“While our commercial machines range from 15 to 1,500 kilogrammes in capacity, the Food Cycler has a five-kilo capacity, which is ideal for eco-conscious consumers in their own homes,” said Harris Qureshi, Co-Founder, and GCC Director at Food to Fertiliser. “On average, our dehydration technology saves 1.9kg of CO2 for every kilogram of food diverted from landfill, so the benefits are abundantly clear in terms of reducing food waste, creating valuable fertiliser stock, reducing greenhouse emissions, and contributing to a healthier environment.”
World Future Energy Summit organisers praise industry commitment to tackle climate challenges
Leen AlSebai, General Manager of RX Middle East and Head of the World Future Energy Summit, said: “The post-COP28 mandates, and what action is needed to deliver on promises made, especially around the Pathway to 1.5C, was very much at the forefront of discussions over the past three days. We have seen some incredible partnerships cemented at the event that will aid the world’s journey to tripling renewables by 2030 and beyond.
“I would also like to thank the industry at large for its unwavering dedication this week, given the unprecedented weather seen across the country. Our international participation has increased by 55 per cent over last year and our speaker faculty has grown to more than 350 speakers, highlighting the importance of our expanded Forum line-up this year,” added AlSebai.
-ENDS-
About World Future Energy Summit
The annual World Future Energy Summit in Abu Dhabi is the world’s leading business event for future energy, clean-tech, and sustainability. Bringing together government and business leaders, through its exhibitions and conferences, it showcases pioneering solutions and ground-breaking initiatives in clean energy, water, ecowaste, smart cities and climate change.
As a global hub for business, innovation, and knowledge exchange, the World Future Energy Summit inspires the advancement and transfer of ideas, technologies, and investment across borders and between the public and private sectors worldwide. The exhibition and industry conferences help stimulate sustainable growth for all stakeholders. For more information, please visit www.worldfutureenergysummit.com
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About RX (Reed Exhibitions)
RX is in the business of building businesses for individuals, communities and organisations. We elevate the power of face-to-face events by combining data and digital products to help customers learn about markets, source products and complete transactions at over 400 events in 22 countries across 43 industry sectors. RX is passionate about making a positive impact on society and is fully committed to creating an inclusive work environment for all our people. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. www.rxglobal.com
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