The Italian Embassy in Abu Dhabi organized a seminar titled “Italy and the UAE towards COP28 : the commitment of the private sector to the energy transition.” The objective of this seminar was to identify new collaboration opportunities and solutions to address the energy transition between Italy and the United Arab Emirates. This declaration was signed by Italian Deputy Prime Minister and Minister of Foreign Affairs Antonio Tajani and Dr. Sultan Al Jaber, Minister of Industry and Advanced Technologies and designated President of COP28.
Energy transition: a major challenge for Italy and the United Arab Emirates
Italian companies are renowned for their clean energy technology solutions.
The energy transition is a major challenge for Italy and the United Arab Emirates. The two countries have a strong partnership in the energy field, but there is significant growth potential that both countries intend to exploit. Italian companies in the sector are ready to collaborate with those in the United Arab Emirates to develop mutually beneficial projects.
The Italian Ambassador to the United Arab Emirates, Lorenzo Fanara, emphasized the importance of collaboration among all stakeholders, including the private and public sectors.
Lorenzo Fenara stated,
We need the contribution of everyone.
He also praised the United Arab Emirates’ commitment to inclusivity in COP28, involving youth and the private sector.
Partnerships for climate action
During the first roundtable titled “The Road to COP28: building partnerships for climate action”, experts such as Umberto Tavolato and M.Heilpern discussed the strategic partnership between the two countries. Mr. Heilpern explained how Italian know-how is exported to help the United Arab Emirates develop the circular economy at the industrial scale. He gave the example of the polymer recycling plant in the Kezad industrial area in Abu Dhabi. He also mentioned other initiatives, such as the construction of a low-carbon ammonia plant in the TA’ZIZ industrial district.
During the second roundtable moderated by Laura La Posta, editor-in-chief and special projects manager at the financial magazine Il Sole 24 Ore, several guests participated in a discussion on sustainable development and the cost-benefit analysis of the ecological transition between Italy and the United Arab Emirates.
Participants discussed the importance of sustainable development and the need to take action to protect the environment. They also emphasized the importance of international cooperation in achieving common goals.
Finally, the discussion focused on collaboration between Italy and the United Arab Emirates to promote sustainability, as well as the initiatives and policies in place to encourage companies to adopt more environmentally friendly practices.
It is clear that the green transition offers great opportunities. Indeed, Italian companies in the sector are ready to collaborate with those in the United Arab Emirates to develop mutually advantageous projects.