ABU DHABI, The Department of Energy has launched the 'Abu Dhabi Integrated Energy Model' today, at an event coinciding with the Abu Dhabi Sustainability Week 2019, to provide a roadmap for the energy sector in the upcoming period, in line with the Abu Dhabi Economic Vision 2030.
Bearing the theme, 'Energy: A Power that Shapes the Future', the launch event brought together prominent strategic partners with a common interest in setting a strategy for the sector in the upcoming period.
The model helps outline a holistic plan for the energy sector, determine the main tenets of sustainability in collaboration with all partners, set strategies and action plans to promote sustainability in various sectors and ensure efficient use of all energy resources, drive the transition towards renewable and clean energy, and promote new consumption habits.
Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy, said, "Our approach to our work is clear; it draws inspiration from the vision and directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council. We strive to lead the energy sector, rallying local and international talent and maintaining flexibility in the face of global transformations, which we embrace and transform into success stories that inspire the world and cement Abu Dhabi's active role in redrawing the map of traditional and renewable energy sources."
"We are at a pivotal stage in redrawing our strategies for the future," Al Marar added. "With that in mind, we are working to ensure synergy and integration between our plans and those of the UAE Ministry of Energy. We are committed to collaborating with our strategic partners to set a new model for the energy sector that is unprecedented in the region. The Abu Dhabi Integrated Energy Model includes a new approach to the future that resonates with the major transformations sweeping across the sector, as well as a dynamic vision for optimising the use of renewable resources by tapping smart technologies and solutions that improve efficiency."
The Abu Dhabi Integrated Energy Model presents a framework that lays the groundwork for expanding the energy sector while still bringing it together as one integrated unit, encompassing everything from oil, gas and nuclear energy, to water, electricity and renewable, clean energy. It asserts the Department of Energy's critical role in integrating efforts from all strategic partners in the sector, paying special attention to the issue of energy security, which will be a priority over the coming period, where various scenarios will be outlined to balance supply and demand in Abu Dhabi's energy sector.
The model provides an analytical tool that compares potential policies for Abu Dhabi to adopt to address such issues as cost, supply chain security, economic development, and environmental impact, among others. This, in turn, provides decision-makers with accurate data to use in order to overcome challenges and achieve Abu Dhabi's vision. It helps decision-makers draw a holistic picture covering all aspects of the energy sector while aggregating all data that boost the sector's competitiveness and attract foreign investments.
The committee would include strategic partners and relevant authorities in Abu Dhabi to harmonise efforts towards ensuring the success of the Abu Dhabi Integrated Energy Model and to inform policy options, in collaboration with a task force from the Abu Dhabi Department of Energy, raising awareness of the benefits the model provides, which, in turn, maximises value and return for all key partners.
Source: Emirates News Agency