Energy & Green Economy
From The Report: Sharjah 2023
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Sharjah is playing a crucial role in the UAE’s drive to achieve net-zero carbon emissions by 2050, leveraging its strategic location. The emirate is emphasising carbon capture and storage, renewable energy sources, waste-to-energy initiatives and sustainable finance to support its green programmes. The energy transition in Sharjah aligns with the UAE Energy Strategy 2050. This framework focuses on creating jobs, attracting investment and increasing the share of clean energy sources to 32% by 2030. Highlighting the integral link between energy and water efficiency, the strategy aims to reduce consumption, addressing water scarcity challenges in the country. Sharjah is also actively participating in international climate efforts, hosting the COP28 UN Conference on Climate Change in 2023 and committing to significant reductions in greenhouse gas emissions.

This chapter includes interviews with Hatem Al Mosa, CEO, Sharjah National Oil Corporation; and Khaled Al Huraimel, Group CEO and Vice-Chairman, BEEAH.

Articles from this Chapter

Overview

Sustainable changes: Various initiatives are helping the emirate become a global centre for the production of renewable energy sources
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Sharjah’s energy sector is undergoing a period of dynamic change as the emirate develops its existing resources, and transitions towards clean and renewable energy sources. In pursuing its goals along with those of the wider UAE, Sharjah is well positioned to leverage its strategic location as a gateway to the Northern Emirates, making it a key centre for power transmission, gas pipelines and gas storage. At the same time, the emirate continues to play a leading role in the UAE’s drive to reach…

Analysis

Waste management: Advanced technologies are helping create new renewable energy sources to further support the green transition
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Sharjah is actively contributing to the global energy transition through its advancements in waste-toenergy technology and investment in innovative solutions. These efforts demonstrate the emirate’s commitment to creating a sustainable future. Green Power Sharjah’s BEEAH Group has made significant strides in exploring the intersection between waste management and power generation through its waste-to-energy plant. Formed through a joint venture with Abu Dhabi’s Masdar, and operated and managed…

Interview

On target: Hatem Al Mosa, CEO, Sharjah National Oil Corporation (SNOC), on efforts to achieve sustainable aims and the importance of cybersecurity as digitalisation picks up pace
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Interview: Hatem Al Mosa What opportunities and challenges do you identify for the oil and gas sector in terms of achieving net-zero emissions goals? HATEM AL MOSA: While SNOC is a national oil company, it has set its own net-zero target for operations by 2032. Although this places SNOC ahead of the UAE’s 2050 target, our aspirations are fully aligned. There is a need for sustainability to coexist with energy security and affordability. As such, investing in sustainable hydrocarbons while ensuring…

Interview

Sustainable path: Khaled Al Huraimel, Group CEO and Vice-Chairman, BEEAH, on opportunities for growth in green finance
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Interview:Khaled Al Huraimel In what ways can waste-to-energy innovations help meet objectives related to long-term energy security and environmental sustainability? KHALED AL HURAIMEL: The region has seen significant advancements in the waste-to-energy segment in recent years, with various opportunities for energy recovery from waste being identified and pursued. These innovations have made a considerable impact in Sharjah, contributing to the UAE’s long-term energy security and environmental…

Analysis

Decarbonisation solutions: The Gulf looks to carbon capture and hydrogen to drive the transition to clean energy production and net-zero emissions
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As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and cleaner sources of energy to make their activities less carbon-intensive and support the energy transition. Gulf NOCs’ low-cost production advantages and massive hydrocarbons resources mean that CCUS can reduce emissions for the coming decades as the world continues to rely on oil and gas…