♦ The UAE has unveiled an ambitious initiative to establish the ‘Global Energy Efficiency Alliance’ during COP29, hosted in Azerbaijan on 16 November 2024. This aims to double global energy efficiency rates by 2030 and contribute to significant emission reductions. 

♦ The initiative builds on the ‘UAE Consensus‘ from COP28, a commitment that brought together countries, organizations, and corporations to reduce carbon emissions and promote sustainable resource management.

♦ The UAE plans to lead the alliance by sharing its expertise in energy efficiency, fostering knowledge transfer, and building effective partnership models with the private sector. The alliance is designed to support the reduction of carbon emissions and the sustainable use of natural resources through knowledge sharing, capacity building, and standardization efforts.