Italy and UAE Energy Companies Discuss Partnerships toward COP28

Hosted by the Embassy of Italy in Abu Dhabi, in partnership with Il Sole 24 Ore, Italy’s leading business newspaper, the seminar “Italy and the UAE towards COP28 - private sector engagement for energy transition” focused on identifying new opportunities of collaboration and solutions to address the energy transition.

Italian companies are willing to contribute to the energy transition and to make COP28 a COP of Action and a COP for All. This agenda has gained strength following the declaration on enhanced cooperation towards COP28 between Italy and the UAE.

The declaration was signed by Italian Deputy Prime Minister and Minister of Foreign Affairs Antonio Tajani and Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and President-designate of COP28,

Commenting on the seminar Antonio Tajani, Italian Deputy Prime Minister and Minister of Foreign Affairs, said “Together with Prime Minister Meloni, in early March I signed with the UAE Minister of Industry and President-designate of COP28, Sultan Al Jaber, a declaration to strengthen cooperation between Italy and the Emirates in view of COP28.

Italy Supports Dubai Government’s Vision to Build Sustainable Future

The seminar organized by the Embassy in Abu Dhabi, in collaboration with Il Sole 24 Ore, is an immediate operational follow-up to this declaration.

Italy and the UAE already have a solid energy partnership. But there are significant growth margins that we intend to pursue. The green transition, for example, offers great opportunities.

The Italian companies in the sector, which boast globally recognized technological excellence, are ready to collaborate with those from the UAE and to develop mutually beneficial projects together".

The event started with the welcoming remarks of H.E. Lorenzo Fanara, Ambassador of Italy to the UAE, and Mirja Cartia d’Asero, CEO Gruppo Sole 24 Ore.

Underlining the importance of the commitment of all stakeholders, H.E. Lorenzo Fanara, Ambassador of Italy to the UAE, said: “If we want to win it the challenge of the energy transition, we have to change our approach, bringing together all the parties of our community, including the private sector and our public opinion.

"We would be destined to fail if we thought that governments alone could tackle climate change. We need the contribution of all.

“The UAE has pledged to adopt an inclusive approach, making COP28 a COP for action and a COP for all. The youth and the private sector are two crucial actors that need to be involved.”

The event was moderated by Laura La Posta, Managing Editor Head of Special Projects at Il Sole 24 Ore

Hanan Balalaa, Senior VP, New Energies and Hydrogen ADNOC; Marco Piredda, Head of International Affairs Analysis; Nikolas Meitanis, Executive Director of Strategy and Corporate Development Masdar; Niccolò Heilpern, Region VP MAIRE; Ruggero Arico’, Head of International Institutional Affairs ENEL; Umberto Tavolato, Director of International Relations Med-Or Foundation, shared their views around the topic “The Road to COP28: building partnerships for climate action”.

Umberto Tavolato, Director of International Relations at the Med-Or Foundation, said: “The signing of a strategic partnership is the culmination of an incremental engagement reflecting the importance of the UAE for Italy. The UAE has emerged as a leading player in the Arab world and can be an invaluable partner for Italy in the Broader Mediterranean.”

Discussing how Italian know-how is being exported to help the UAE develop the circular economy on an industrial scale, Niccolò Heilpern, Region Vice President MAIRE, illustrated how the Group has been supporting the United Arab Emirates since the 90s in the development of the energy transformation industry.

As part of the energy transition, last November Maire inaugurated a polymer (plastic) upcycling plant in the Kezad industrial area in Abu Dhabi. This new plant is able to recycle various types of polymers and convert them into products with higher added value.

The second panel saw on stage Mr. Zouheir Sabra, Group Chief Financial & Investment Officer BEEAH; Daniela Gentile, CEO Ansaldo Green Tech; Alessandro Motta, Head of Public Affairs SAIPEM; Giovanni Chianetta, CEO Global Solar Council; Andrea Lovato, Senior Vice President, Global Head of Hydrogen ACWA Power; and Pietro Calugi, General Manager Intesa Sanpaolo Abu Dhabi branch, IMI Corporate & Investment Banking Division, led by Ms La Posta in the discussion around the topic “Italy and the UAE: the business case for the green transition”.

Zouheir Sabra, Group Chief Financial & Investment Officer BEEAH, said: “As a sustainability pioneer based in the UAE, BEEAH Group is driven to support the national agenda and global agenda for climate action.

"We continue to develop our end-to-end, integrated approach to the waste management chain and further contribute to the circular economy. We see a ‘zero-waste’ future as essential to achieving net-zero targets.

"By producing alternative material and products, reducing the extraction of resources from the earth, minimising dependence on landfills and exploring waste-to-energy solutions, we can create an environment that is free of waste and accumulating emissions.”

Daniela Gentile, CEO of Ansaldo Green Tech said: “UAE has an ambitious energy policy which plans to reach 14 GW from renewable sources by 2030, of which about 8 GW from photovoltaic plants, sources that are by their nature intermittent and we are well aware that the energy they generate can be synchronized with peak demand.

"To make renewable energy usable, storage systems are needed, which represent the first real urgency for the energy transition.

“Ansaldo Green Tech responds to this urgency with various energy storage technologies, together with the development of electrolysis technologies for the production of hydrogen."

Talking about the collaborations between Italian companies and the UAE, Alessandro Motta, Head of Public Affairs, SAIPEM, said: “Saipem has a historical presence in the UAE dating back to the 1970s.

"We have carried out numerous large-scale engineering and construction projects. We are present with an important project execution hub and a logistics base for our naval assets in Abu Dhabi and with a branch in Sharjah.

"We are proposing solutions innovative technologies - including CO2 capture technologies and our remote-controlled drones, for inspections, monitoring and repairs of subsea infrastructures - to reduce the carbon footprint both in the construction phase and in the operation phase of the plants".

The seminar was part of the “ROAD to TRENTO 2023”, the countdown roadshow to the 2023 edition of the Trento Festival of Economy (Trento, 25 to 28 May 2023), that includes a series of international meetings to anticipate the issues and theme of the Festival, create networking spaces between Italian and local companies.

Read More: COP28 UAE Presidency Launches International Youth Climate Delegate Program