Abu Dhabi Sustainability Week set to drive business opportunities


Filed under
Event
 
 
Share this story
 
 

Get the latest news and market insights delivered to your inbox.

 
The 2017 edition of Abu Dhabi Sustainability Week (ADSW) is set to take place from 16-19 January 2017 and along with the World Future Energy Summit (WFES) will also see the return of important co-located events that promote a complete cycle of sustainability, including the 5th International Water Summit, supported by Abu Dhabi Water and Electricity Authority (ADWEA), and the 4th EcoWaste exhibition and conference, held in partnership with Tadweer, The Centre of Waste Management in Abu Dhabi (CWM). business-opportunitiesHosted by Masdar, the forthcoming ADSW theme is ‘Practical Steps Towards a Sustainable Future’. The week’s anchor event, the World Future Energy Summit, will be celebrating its 10-year anniversary with a strong focus on technology, innovation and finance, the organisers announced. “The rapidly falling cost of renewable energy has transformed the business case for the ‘green economy’, unlocking an increasing number of investment opportunities. Last year, global investment in renewables reached an all-time high of nearly 300 billion US dollars. Competitive bids for solar energy projects in the UAE have twice broken records for the lowest price for solar power generation at less than three US cents per kilowatt-hour,” as per the statement. Renewable energy, including solar energy and wind, is now widely seen as having reached the critical mass needed to complement conventional energy sources in the global energy mix. Recent bids represent an enormous fall in price from around 8 to 9 cents per kilowatt-hour at the end of 2014, which is encouraging established energy companies to diversify and increase investment in renewable projects. “I am honoured to say that ADSW has consistently delivered on motivating global action for a more sustainable future,” said Mohamed Al Ramahi, CEO of Masdar. “This is reinforced by the strong momentum in the renewable energy sector, which has achieved commercial viability, and is now recognised as a mature, mainstream industry. This year’s ADSW will continue to build on the event’s unique ability to enable dialogue between policy makers, business and academia, bringing collaboration and shared actions across the interconnected dependencies of energy, water and waste.” The four-day event is likely to host around 880 companies from 40 countries. More than 50 percent of exhibitors at the event are small and medium sized enterprises (SMEs) from leading clean tech nations including Germany, France, Japan, China, the USA and the UK, further illustrating the commercial dynamism and maturity of the sector. Energy is the centrepiece of the UAE’s expanding green economy. Renewable energy projects already announced or developed in the UAE will amount to 7 percent of installed capacity by 2020. This in turn is pushing investment in new, energy efficient desalination methods to secure the nation’s water supply. In addition, waste management targets aim to divert 75 per cent of waste from landfill by 2021. “Our strategy is focused on renewables, and that needs to be the case with both of our core businesses: water and electricity,” said His Excellency, Eng. Mohammed Bin Jarsh, General Manager of Abu Dhabi Water and Electricity Company. “Our water supply relies on desalination, most of which is achieved through co-generation, using the waste heat from thermal power stations to evaporate seawater. Alongside our commitment to solar energy, our future investments in water desalination will therefore need to use new technologies, such as the latest advances in reverse osmosis, to meet growing demand and ensure a truly sustainable water supply.” “Ecowaste is an ideal platform for knowledge and best practices exchange, along with launching new technologies and projects for waste management,” said H.E. Eisa Saif Al Qubaisi, General Manager of Tadweer. “We strongly believe that the organisation of this exhibition enables the future strategic planning framework locally and regionally; Ecowaste highlights the challenges and opportunities within the waste management industry, and helps us find the ideal options to transform waste into economic drivers.”