Renewable Energy DP World cuts carbon emissions by 50% in UAE By Pramod Kumar November 21, 2023 Wam DP World is using renewable energy generated by the Dubai Electricity and Water Authority DP World cut carbon emissions from its UAE operations by nearly 50 percent in 2023 using renewable energy generated by the Dubai Electricity and Water Authority (Dewa). The Dubai utility provider has issued more than 200,000 international renewable energy certificates (I-RECs) to DP World so far this year, the global ports operator said in a statement. The certificates guarantee that the electricity consumed is generated from renewable sources, with each equivalent to one megawatt-hour of electricity. Mena ports among world’s most efficient, says UN DP World to hire banks for 10-year debut green sukuk DP World and Rosatom to develop new shipping route I-RECs are generated by the Mohammed bin Rashid Al Maktoum Solar Park. DP World’s UAE operations, which include Jebel Ali Port, Jebel Ali Free Zone and Drydocks World, are 100 percent powered by renewables, beating the UAE’s country-wide target to cut carbon emissions by 42 percent by 2030. DP World 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 using biodiesel at Southampton port in the UK. At Cop27, the ports operator 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 UAE will host Cop28 later this month at the Expo City Dubai.