UAE launches Etihad 7 plan to fund renewable energy projects within Africa at Abu Dhabi Sustainability Week 2022
Ministry of Foreign Affairs plus International Cooperation and Workplace of the Special Envoy just for Climate Change aim to provide clean electricity to one hundred million people by 2035
Abu Dhabi, UAE – 17 January 2022: The particular UAE Ministry of International Affairs and International Assistance (MoFAIC) today announced the particular launch of Etihad seven at Abu Dhabi Durability Week 2022. Etihad seven, a UAE-led innovation system, is dedicated to securing financing for renewable energy projects within Africa.
The program aims to provide clean electricity to hundred million people by 2035. The program will raise money from the public and personal sectors for clean power investment with guidance plus coordination from the UAE’s MoFAIC and Office of the Particular Envoy for Climate Alter.
The ambitious initiative develops on the UAE’s longstanding plus deep ties with The african continent and will be a focal point from the country’s efforts to lead towards the global sustainability plan over the next decade.
Activities on the initiative, His Excellency Sheikh Shakhboot bin Nahyan Al Nahyan, Minister associated with State, Ministry of International Affairs and International Assistance, said: “United by financial, cultural, political, and people-to-people ties, our two locations are inextricably linked, along with enormous potential for further assistance in the years to come. One of the tips to unlocking that possible, supercharging Africa’s economies, plus allowing millions of people to lead to building a prosperous continent can be electricity–specifically, renewable energy.
As the very pleased host of COP twenty-eight next year, the UAE is certainly committed to partnering with Sub-Saharan African nations to achieve lasting development and promote the particular welfare of the larger area by advancing together in neuro-scientific renewable energy. ”
Crucially, the particular Etihad 7 initiative can help African nations meet fast-growing energy needs without the related surge in greenhouse fuel emissions.
“With Etihad seven, the UAE consolidates the UN Sustainable Development Objective 7 efforts for The african continent under a single initiative. Good UAE’s foreign policy plus development goals, the program helps sustainable development by resolving key challenges that prevent clean and affordable energy within emerging markets, ” Their Excellency added.
His Excellency Sheikh Shakhboot continued: “The robust relationship between the UAE and Sub-Saharan Africa is certainly reflected in our partnerships plus development projects. Today, the particular UAE is deeply committed to the prosperity and well-being of the entire African country.
We will leverage our current relationships in Sub-Saharan The african continent, including diplomatic, humanitarian, plus development cooperation, to share the particular UAE’s renewable energy expertise to progress economic and human advancement. ”
Furthermore, His Excellency noted that the UAE currently has a number of agreements in position with Sub-Saharan African companions under Etihad 7 to participate them in pursuing their own clean energy and financial aims.
“Etihad 7 is really a truly collaborative program, one which acknowledges and adapts towards the needs and requirements in our partner nations…The UAE significantly appreciates the contributions of African nations in this discussed journey of development, and in the UAE look ahead with enthusiasm and confidence to a future in which our own countries channel our assistance into creating new strategies for our peoples to flourish, ” His Excellency came to the conclusion.
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