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WAM Dubai, May 31st, 2010 (WAM) — The Dubai Electricity and Water Authority (DEWA) is determined to reduce the Carbon output as part of its strategy to minimize the environmental impact and to lessen the carbon footprint.
A joint initiative in November 2009 by DEWA along with investors from different sectors and with the collaboration of the United Nations Development Program (UNDP), Dubai Carbon Centre of Excellence (DCCE) offers expertise as well as carbon technical ‘&’ knowledge support to firms trying to adopt cleaner technologies that help them to assess and reduce their emissions of carbon dioxide.
“The DCCE, the first of its kind in the Middle East in term of specialization in Carbon Emission Reductions, will provide the public and private sector with the highest level of expertise to quantify and operationalize environmental upgrades,” said Saeed Mohammad al Tayer, the DEWA’s Managing Director and Chief Executive Officer.
Carbon offsetting has gained significant appeal and momentum among consumers who have become aware and concerned about the potentially negative environmental effects of energy-intensive lifestyles and economies.
“We are establishing a leading knowledge repository on Carbon matters in the region, which will be accessible to all concerned parties in order to create a Climate Change Venture Capital Fund to provide capital and incentives and to attract global leading technology companies to Dubai” he added .
“We aim to create a portfolio of Environmental credits, structuring, investing and advising emission reduction projects, to meet the needs of Dubai and regional institutions and achieve “Carbon Neutrality”, he stated.
DEWA focuses on adopting eco-friendly technologies to increase the efficiency of its electricity production and water desalination plants.
The Dubai Carbon Centre of Excellence (DCCE), established jointly with investors from different sectors, would establish a formal framework to address carbon emissions in the emirate.
The DCCE has three confirmed strong founding shareholders, namely; DEWA, DUBAL, and ENOC. Further alliances are currently under discussion with different Governmental parties ‘&’ other industries.
WAM/ES/AM
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