Page 297 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

UAE Independent Climate Change Accelerators

(UICCA) concludes first Carbon Border

Adjustment Mechanism advisory session

• UAE Independent Climate Change Accelerators (UICCA) concludes first Carbon Border
Adjustment Mechanism advisory session

Led by Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO
of UAE Independent Climate Change Accelerators (UICCA), the first of a two-part event session
focusing on the Carbon Border Adjustment Mechanism (CBAM) was successfully concluded as
part of the ongoing UICCA Policy Hacks series.

Co-hosted with the UAE Ministry of Economy (MoE) and supported by the British Embassy in
the UAE, the session aims to raise awareness, consolidate insights, and shape policy
recommendations to help UAE industries navigate the complexities of CBAM while fostering
sustainable economic growth.

Entitled CBAM Policy Hack: UAE’s Path Forward, the event took place at the Jumeirah Saadiyat
Island Resort in Abu Dhabi, bringing together more than 70 policymakers, industry experts, and
thought leaders from the public and private sectors.

Key objectives of the event included raising awareness by engaging UAE stakeholders on
upcoming CBAM policies, consolidating insights by discussing gaps, challenges, and best
practices within UAE industries, and shaping policy recommendations through the formulation of
insights to be shared with the MoE, and the Ministry of Climate Change and Environment
(MoCCaE).

Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of
UICCA, said: "Given the expected impact of CBAM, it is crucial that we deepen our
understanding of global carbon pricing regulations and their implications, especially for
industries that are hard to abate. We must prepare and adapt to these new regulations to
ensure that the UAE remains competitive on the global stage while also upholding our
commitments to environmental sustainability. I am confident that through our collective efforts,
we will develop strategies that support our national industries and align with global standards.”

Edward Hobart CMG, British Ambassador to the UAE, said: “It is inspiring to see stakeholders
from a range of fields collaborate and engage in dialogue to understand the impact of CBAMs
and identify policies and strategies to reduce emissions. The problem of climate change
requires all of us – private and public sector to work together. The UK is delighted to partner
with the UAE on our respective journeys towards net zero and we are proud to be supporting
UICCA in this important and timely event.”

His Excellency Juma Al Kait, Assistant Undersecretary for International Trade Affairs at MoE,
said: “The Ministry of Economy is dedicated to ensuring that UAE industries are prepared for the
challenges and opportunities presented by the Carbon Border Adjustment Mechanism (CBAM).
Through convenings like UICCA’s Policy Hacks, we are engaging with key stakeholders across
sectors to ensure our policies support our industries' competitiveness while advancing our
commitment to sustainability and the UAE's Net Zero by 2050 goal."

https://www.mediaoffice.abudhabi/en/environment/uae-independent-climate-change-
accelerators-uicca-concludes-first-carbon-border-adjustment-mechanism-advisory-session/