Dubai: Mr. Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), and Mr. Ricardo Hausmann, Harvard’s Growth Lab Director and Professor of the Practice of International Political Economy at Harvard Kennedy School, have discussed advancing cooperation and exchanging best international practices to explore the relationship between economic growth and clean energy.
The meeting was attended by officials from DEWA and Harvard’s Growth Lab. During the meeting, Mr. Al Tayer has emphasized DEWA’s pioneering and innovative initiatives and projects that aim to achieve the vision and directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.
Mr. Al Tayer has observed that DEWA works to achieve the goals of the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy to provide 100 percent of Dubai’s total power production capacity from clean energy sources by 2050. To achieve this, DEWA has several green programs and initiatives, including the Mohammed bin Rashid Al Maktoum Solar Park, which is the largest single-site solar park in the world based on the Independent Power Producer (IPP) model.
The solar park will have a production capacity of 5,000 MW by 2030. Mr. Al Tayer underscored DEWA’s dedication to research and development and its endeavours to cultivate collaborations with renowned global institutions.
Mr. Hausmann has praised DEWA’s achievements and lauded Dubai’s steadfastness towards sustainable development. The Professor provided valuable insights from the Growth Lab’s research on the correlation between energy and economic growth, highlighting the importance of innovative strategies to tackle climate change and ensure energy security. Mr. Hausmann has also expressed keen interest in fostering deeper collaboration and knowledge exchange between DEWA and Harvard’s Growth Lab.