Abu Dhabi Fund for Development (ADFD) has become the first institution in the Mena region to receive the United Nation Small Island Developing States Partnerships Award on behalf of the UAE. ADFD claimed the first place in the economic category for ADFD’s initiatives – the UAE Pacific Partnership Fund and the UAE-Caribbean Renewable Energy Fund. 

 

The award was received by Mohamed Saif Al Suwaidi, Director General of ADFD, at the Annual Global Multi-Stakeholder SIDS Partnership Dialogue in New York, on the margins of the UN High-level Political Forum on Sustainable Development.

 

The initiative was nominated through submissions by ADFD, which allocated $100 million to them. These initiatives, representing strategic partnerships between the UAE’s Ministry of Foreign Affairs (MoFA), ADFD, and Abu Dhabi Future Energy Company (Masdar), as well as a university and 26 governments from Small Island Developing States, have been critical in accelerating the transition to renewable energy, reducing fossil fuel dependence, enhancing energy security, and expanding climate action in the Caribbean and Pacific regions, leading to significant economic development.

 

This collaboration focused on advancing solar, wind, and other renewable energy projects in SIDS, driving innovation, creating employment opportunities, promoting gender equality, and strengthening climate resilience.

 

Legacy of sustainable development

In his acceptance speech, Al Suwaidi highlighted the UAE’s legacy of sustainable development instituted by the UAE’s founding president, the late Sheikh Zayed, and carried forward by our wise leadership through numerous strategic vision and prudent policies, accelerating the energy transition and economic transformation of the SIDS.

 

Al Suwaidi said: “Under the guidance of Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of ADFD, ADFD is committed to supporting the UAE’s mission to minimise the effects of climate change through the promotion of clean energy in Small Island Developing States and globally.”

 

He added: “International cooperation is central to our mission to achieve global energy and sustainable development goals, and we are grateful to all contributors for the recognition we have achieved in this field. We reaffirm our commitment to support the island states on their journey towards a sustainable and resilient energy future.”

 

Major projects

One of the major projects financed by ADFD includes the $5.4 million wind farm in Samoa. The bespoke, one-of-its-kind farm boasts cyclone-proof turbines, delivering uninterrupted energy to 75% of the country’s population. The project notably saves 183,000 litres of diesel each year, thus helping the country reduce its carbon footprint by 506 tonnes.

 

Likewise, the hurricane-resistant hybrid power plant in Antigua and Barbuda is designed to withstand the fiercest winds, providing a reliable and sustainable supply of electricity for the entire population on the island, and supporting the nation’s goal to produce 86% of its electricity from renewables by 2030. The plant also enables the country to reduce annual diesel consumption by 406,000 litres and cut carbon dioxide emissions by more than 1 million kilograms.

 

The 600 kW solar power plant in the Marshall Islands built on a reservoir near the capital Majuro increases the water storage capacity of the artificial lake by over 20 percent. The project saves 236,000 litres of diesel annually and reduces annual CO2 emissions by 652 tonnes.

 

Similar renewable energy projects in Nauru, Solomon Island, Micronesia, Nauru, Kiribati, Fiji, Tuvalu, and Tonga have brought equal environmental and economic benefits.--TradeArabia News Service