Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched the Solar & Renewable Energy Business Group, to drive the uptake of renewable energy amongst businesses and the private sector in the emirate.
With renewable energy at the forefront of the government agenda, the chamber’s establishment of the new Solar & Renewable Energy Business Group is a significant step in supporting the UAE as it prepares to host the COP28 conference in 2023.
The move is in line with the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai as they are representatives and advocates for their respective business sectors.
Maha Al Gargawi Executive Director Business Advocacy Dubai Chambers
“As the world shifts to renewable energy and a decarbonized economy, the establishment of the Solar & Renewable Energy Business Group is timely and relevant. It comes at the heels of UAE’s COP28 presidency, highlighting the importance of the country’s Energy Strategy 2050 and Dubai’s Clean Energy Strategy. The business group will foster a better understanding of these clean energy targets amongst local businesses while providing them insights to drive the shift to renewable energy. This will boost their efforts to support and accelerate Dubai’s energy transition and the ambition of making the emirate a hub for the green economy.”
Business groups play a crucial role in recommending policy changes to improve a sector’s competitiveness and attractiveness while promoting international best practices and supporting economic growth. Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023.
Dubai launched its own Clean Energy Strategy in 2015, to produce 75 percent of its energy demand from clean sources by 2050, making Dubai a hub for the green economy.
One landmark project in solar energy is the Mohammed bin Rashid Al Maktoum Solar Park in Dubai which is expected to have a production capacity of 5,000 MWh by 2030, as per the statement.
