(Daegu) – UAE’s Undersecretary of Energy addressed panel at the World Energy Congress in South Korea. During his address, H.H. Dr Matar Al Niyadi, said the country is a leader in energy diversification and that its robust and diverse energy policy would ensure the country remains attractive for foreign investment and continues to support future economic development.
Alongside a panel entitled “Transition a country in a decade”, Dr Al Niyadi said the UAE’s innovative energy policy rests on four pillars — diversification, conservation and efficiency, security of supply and managing talent in the industry. This approach is geared towards mitigating risk to energy security, future economic prosperity and climate change.
The broader panel discussion addressed the world’s growing need to develop robust strategies to address rapid rises in global energy demands and the need for established hydrocarbon exporters to lead the transition. The panel included Leonhard Birnbaum, vice-chair of Europe WEC and member of the executive board of Germany’s E.ON; Makoto Yagi, president of Japan’s Kansai Power Company; and Gudni Johannesson, chair of the Icelandic National Member Committee.
