ABU DHABI, — The UAE has succeeded in reducing the cost of producing electricity from solar resources to record lows as it continues to deliver on its commitment to support all initiatives to ensure sustainable development and energy supplies for all and achieve a green economy, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said on Friday.
“The World Energy Day is an opportunity to increase awareness of the importance of rationalising energy, reducing carbon emissions and protecting the environment. It is also a reminder for institutions and individuals to combine efforts to curb practices damaging the environment, preserve natural resources and ensure sustainability for the coming generations,” he said in a statement on the occasion.
Observed every year on 22nd October, the World Energy Day was declared in 2012 during the World Energy Forum in Dubai and was first endorsed by Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, along with representatives of 54 countries, the United Nations, the League of Arab States and the African Union Commission, through the “Dubai Declaration – Energy for All”.
The UAE cut gasoline and diesel and gasoline subsidies in 2015 as part of efforts to achieve sustainability and preserve natural resources, Minister Al Mazrouei added.
The UAE will host the 24th World Energy Congress 2019 in Abu Dhabi as part of efforts to transform into the world’s capital for energy.
Source: Emirates News Agency