Dewa and RTA sign deal to enhance transition towards green economy

Dubai Electricity and Water Authority (Dewa) has announced the signing of a sponsorship agreement with the Roads and Transport Authority in Dubai (RTA).

According to the agreement, RTA will be the Platinum Sponsor of the World Green Economy Summit (WGES), which is organised by the World Green Economy Organisation (WGEO), Dewa, and the Dubai Supreme Council of Energy, for three sessions from 2023 to 2025.

The move supports the shared vision of Dewa and RTA to support the transition to a green economy and consolidate Dubai’s position as a global platform for sustainability.

The agreement was signed by Saeed Mohammed Al Tayer, MD & CEO of Dewa and Chairman of the WGEO; and Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA.

MD & CEO of Dewa and Chairman of the World Green Economy Organisation, said, “The World Green Economy Summit plays a fundamental role in supporting the UAE’s outstanding efforts in climate action, as well as supporting its firm commitment to sustainability, unwavering support for energy and climate change issues, and the development of sustainable solutions to environmental challenges.”

He added, “We are pleased with RTA’s sponsorship of the World Government Summit. This supports our shared vision to be part of the UAE’s efforts in climate action and the transition to a sustainable green economy. This year’s edition of the Summit supports the UAE’s preparations to host the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 28) in Dubai Expo City later this year.”

Saeed Mohammed Al Tayer said that since its launch in 2014, World Green Economy Summit had succeeded in galvanising global efforts to promote the shift towards a green economy and has provided a strategic platform to support international cooperation to face global challenges, promote sustainable development and investments in the green economy, encourage adoption of effective policies, plans, and initiatives in this area, and discuss pressing issues including climate change and global warming.

World Green Economy Summit helps align energy policies with the Sustainable Development Goals, exchanging views on successful sustainability strategies, systems and policies, and using available opportunities to support the transition to a green economy.

World Green Economy Summit brings together many leaders, experts and specialists in various areas related to a green economy and sustainable development.

For his part, the Director-General and Chairman of the Board of Executive Directors of RTA said, “We are pleased to sponsor this global event. This sponsorship stems from RTA’s keenness to support efforts to raise the profile of Dubai as a global hub in matters related to sustainability and the green economy. It yielded a road map that is bound to result in zero emissions by 2050, in all aspects related to green mobility, infrastructure and the circular economy. This event showcases the role of the UAE in achieving sustainable development and developing solutions to environmental issues and climate change.”

Mattar Al Tayer added, “RTA attaches special attention to sustainability and has therefore embodied it in its vision and mission to provide safe and seamless transportation and develop innovative and sustainable road and transport services.”

“Roads and Transport Authority in Dubai is undertaking a host of initiatives related to energy and the green economy, such as fully converting taxis to environmental-friendly vehicles (hybrid, electric and hydrogen-powered) by 2027.

“The drive is part of a master plan to reduce carbon emissions in taxis in line with the requirements of the Dubai Supreme Council of Energy, and migration to the green economy. Projects in this regard also include the operation of the Air Taxi in 2026 to ease the transportation of individuals in a safe, smooth and sustainable manner integrated with the public transportation network in Dubai.”

Dubai Electricity and Water Authority, which is listed on the Dubai Financial Market (DFM), reported that its shareholders approved the payment of total dividends of Dhs4.77 billion with a record date of 20th April 2023.

This approval came during Dewa’s general assembly, on March 10, 2023. The meeting, chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of Dewa, was attended by Saeed Mohammed Al Tayer, MD and CEO of Dewa and Members of the Board of Directors of Dewa as well as 91 per cent of the shareholders.

WAM