UAE is committed to its responsible role in energy markets: Sheikh Mohamed at G20 Summit in Bali

The UAE is committed to its responsible role in energy markets, including its priorities in the clean energy sector, UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, said while addressing attendees at the main session of the G20 Summit which started in Bali today.

Chaired by Indonesian President Joko Widodo, the 17th G20 Heads of State and Government Summit is a platform for world leaders and officials to engage in dialogue and address major global issues.

In his speech at the summit, Sheikh Mohamed began by thanking Indonesia for its presidency of the G20 and its efforts in leading and coordinating the group's work. He then conveyed his best wishes to India as it prepares to take over the presidency next year.

The President then turned to the topic of the session, which was titled 'Food and Energy Security,' stating, "We in the UAE believe that a balanced approach is the most successful in achieving sustainability.

"The UAE is committed to its responsible role in energy markets, including its priorities in the clean energy sector. We have reflected this commitment with investments worth $50 billion in clean energy in more than 40 countries around the world."

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Sheikh Mohamed went on to explain that the UAE has established the Mangrove Climate Alliance in partnership with the Republic of Indonesia, as well as launching the Energy Transition Accelerator Financing (ETAF) platform in cooperation with the International Renewable Energy Agency (IRENA).