DP World has cuts carbon emissions from its UAE operations by nearly 50% this year by accessing renewably produced power from the Dubai Electricity and Water Authority (DEWA).
DEWA has issued more than 200,000 International Renewable Energy Certificates (I-RECs) to DP World so far this year. These guarantee that the electricity consumed is generated from renewable sources, with each equivalent to 1MWh of electricity.
I-RECs from DEWA are generated by the Mohammed bin Rashid Al Maktoum Solar Park. These power DP World’s UAE operations which include Jebel Ali Port, Jebel Ali Free Zone (JAFZA) and Drydocks World. Today, these are all 100% powered by renewables. The switch this year puts DP World well ahead of the UAE’s country wide target to reduce carbon emissions by 42% by 2030.
Decarbonisation is the core focus
Decarbonisation is a core focus for DP World. The business has already committed to becoming carbon neutral by 2040 and net zero by 2050, in line with the UAE’s 2050 net zero initiative.
Among its global initiatives, DP World has reduced its carbon emissions by electrifying its terminals in Rotterdam and Jebel Ali, alongside pioneering the use of biodiesel in its Southampton port in the UK, which recently recorded its greenest-ever year on record. Recently, the company announced that it cut global carbon emissions by 5% in 2022, with a 4% reduction in energy consumption.
At COP 27 last year, DP World announced that it had joined the Green Shipping Challenge and committed to investing up to $500 million to cut CO2 emissions by nearly 700,000 tonnes over the next five years. The business has also entered a strategic partnership with the Maersk McKinney Moller Center for Zero Carbon Shipping and joined the UN Global Compact’s Think Lab on Just Transition.
Maha AlQattan, DP World’s Group Sustainability Officer, said: “We are committed to supporting and progressing the global climate change agenda, by investing in zero carbon technology, implementing responsible business practices, and working with the right partners to achieve this.”
He added, “We regularly take stock of our impact and aim to reduce our carbon footprint and improve the sustainability of our operations. Renewable energy supply is part of our wider strategy to decarbonise our operations, and I am proud that over 60% of electricity consumed by DP World globally comes from renewable sources. We remain steadfast upon our decarbonization strategy and look forward to sharing more milestones in the years to come.”
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: DP World
