The Finance World Magazine| Edition: March 2023

The National Sustainable
Aviation Fuel Roadmap
was recently made public
by the Ministry of Energy
and Infrastructure with the goal of
accelerating the decarbonization of
the aviation industry. The strategy
helps the UAE become a regional
centre for sustainable aviation fuel
by helping the nation meet its goals
for carbon neutrality, improving fuel
efficiency, and sustaining it in one of
the key industries supporting national
economies.
The roadmap was developed based
on a number of key tenets, including
accelerating the aviation sector’s
decarbonization, making the nation a
regional hub for low-carbon aviation
fuel, fostering international cooperation
in this crucial area, and developing
local capabilities to increase local
value in this sector. Through the state’s
membership in ICAO and support of
initiatives pertaining to renewable fuels
and energy in other nations, it also
quickens the transfer of technology
and innovation while aiding in the
worldwide transition to low-carbon
fuels.
H.E. Engineer Youssef Al Ali,
Assistant Undersecretary for the
Electricity, Water, and Future Energy
Sector, H.E. Engineer Sharif Al Olama,
Undersecretary of the Ministry of
Energy and Infrastructure for Energy
and Petroleum Affairs, H.E. Saif Al
Suwaidi, Director General of the General
Authority of Civil Aviation, and other
officials involved in the sector, as
The UAE plans to achieve net-zero
domestic carbon emissions by 2050,
investing billions in the development
of renewable energy sources that will
meet half of its demands.
well as leaders of the national airlines
and major companies operating, were
present when the announcement was
made.
On this occasion, H.E. Engineer
Sharif Al Olama said: “Thanks to the
directions of the wise leadership led
by His Highness Sheikh Mohamed bin
Zayed Al Nahyan, President of the State,
and his brother, HH Sheikh Mohamed
bin Rashid Al Maktoum, Vice President,
Prime Minister and Ruler of Dubai,
to promote future solutions to global
climate challenges, the latest of which
was the announcement of the UAE
Net Zero 2050 strategic initiative, the
Ministry of Energy and Infrastructure
is keen to cooperate closely with its
partners and proceed according to the
existing plans aimed at expanding the
areas of environmentally friendly energy
use and launching quality initiatives and
ambitious projects, especially those
related to renewable (clean) energy
aimed at supporting the country’s
goals and future vision.” The ministry
collaborates closely with its local,
national, and international partners
to advance climate neutrality, achieve
sustainability in the energy sector, and
speed up its transition.
H.E. Saif Mohamed Al Suwaidi,
Director General of the General
Authority of Civil Aviation, said: “The
civil aviation sector in the UAE supports
all strategic environmental goals set by
ICAO. The decisions of the 41 General
Assembly of the organization came
to stress the international aviation
community’s commitment to the
ambitious long-term goal of net zero
2050 strategic initiative. Accordingly,
we must all work hard to prepare the
infrastructure for our sector in order to
March 2023 www.thefinanceworld.com 41