At first glance, Abu Dhabi may not be the obvious candidate to host an event like the World Future Energy Summit.
The emirate’s fast economic growth and show of wealth is built around it having eight per cent of the world’s proven oil reserves. A new skyscraper or luxury hotel seemingly appears everyday and I’ve seen more AMGs on public roads in the past three days than I have in my entire lifetime.
But it’s the can-do attitude of the emirate that has led to the World Future Energy Summit, now in its fourth year. That ‘get things done and quick’ attitude has seen the emirate host an F1 grand prix that rivals Monaco for glamour and attracted major international tennis, golf, football and cricket matches in the past couple of years.
Now it’s turned its attention to renewable energy and is showcasing its efforts with the fourth annual World Future Energy Summit.
To become a big player on the global stage Abu Dhabi knows it needs to reduce its emissions and crude oil consumption despite such healthy reserves. The Abu Dhabi Economic Vision 2030 outlines the emirate’s plans to increase its non-oil economy from 40 per cent to 60 per cent by 2030, centring on “knowledge-based, value-added industries such as renewable energy and sustainable technologies”.