Abu Dhabi: Aldar Properties (Aldar) and the Ministry of Climate Change and Environment (MOCCAE) have co-hosted a real estate-focused National Dialogue for Climate Ambition (NDCA) meeting, where 29 real estate and construction companies from across the UAE signed Aldar and MOCCAE’s Real Estate Climate Pledge.
Signatories to the pledge are supporting the UAE’s Net Zero by 2050 Strategic Initiative by committing to publish their own decarbonization targets before COP 28, which will be held in Dubai.
The NDCA meeting, held under the banner of “Decarbonizing the Buildings Sector,’ was the ninth sector-focused gathering organised as part of a program of events to support the UAE’s Net Zero strategy. The event was held at Aldar Square, the company’s headquarters on Yas Island.
The NDCA is a platform launched by MOCCAE to define and advance the ‘UAE Net Zero by 2050 Strategic Initiative’ and support the UAE’s international climate commitments, including the Paris Agreement. NDCA aims to provide policy recommendations for supporting the net-zero transition and the UAE’s commitment to achieving net zero by 2050.
Mr. Essa Abdulrahman Al Hashmi, Assistant Under-Secretary for the Sustainable Communities Sector and Acting Assistant Under-Secretary for Green Development & Climate Change Sector at the Ministry of Climate Change and Environment, commented that “as this is the year of sustainability and the year the UAE is preparing to assume the Presidency of COP28 in November, the NDCA takes a participatory approach to raising sectoral climate ambitions. This nationwide open dialogue aims to tackle the complex challenge of decarbonizing key sectors, and its outcomes will inform the UAE’s Net Zero by 2050 Strategic Initiative.
“These pledges will help the UAE government engage with entities that are keen to make an active contribution to our climate neutrality movement and align their efforts to achieve our common objective,” Mr. Al Hashmi added.