UAE’s EWEC, ADDED Join Forces to Enable Adoption of Clean Energy Certificates
The Emirates Water and Electricity Company (EWEC) and the Abu Dhabi Department of Economic Development (ADDED) signed a memorandum of understanding (MoU) to promote the industrial sector's use of Clean Energy Certificates (CECs).
The Abu Dhabi Department of Energy issued the Regulatory Policy for Clean Energy Certificates in August 2021 to drive the transition to a sustainable, decarbonised energy sector. This marked the first step in establishing an Energy Attribute Certificates market and facilitating trade in renewable and nuclear energy products in the emirate.
According to the state news outlet WAM, EWEC will partner with ADDED via the Industrial Development Bureau (IDB) to develop new energy product innovation-supporting solutions.
It supports the emirate's long-term strategic initiatives, including the Abu Dhabi Industrial Strategy, and leads the development of proposals to ensure continued ecosystem improvements, attract new investments, and foster the growth of sustainable manufacturing in Abu Dhabi.
Rashed Abdulkarim Al Blooshi, ADDED Under-Secretary, said:
“We continue to actively pursue partnerships and alliances with both public and private sector market players to ensure that Abu Dhabi’s smart and circular economy is on track to achieve its objectives and, in turn, meet the UAE’s sustainability goals.”
As the market regulator and enabler, IDB of ADDED has launched several initiatives with its strategic partners to ensure further industrial growth through a smart and circular economy, such as the Electric Tariff Incentive Programme (ETIP) to assist industrial facilities in increasing their productivity through the more efficient use of energy.
Othman Al Ali, CEO of EWEC, said:
“The new strategic partnership with ADDED is a significant opportunity to enhance Abu Dhabi’s economic competitiveness, with sustainability at its core. Abu Dhabi’s CEC scheme has already shown the significant impact it can have in helping companies decarbonise their energy consumption and take tangible action on climate change.”
Source: Gulf Business