Dewa sells 20,760 international renewable energy credits to Unilever
The move will support Unilever Middle East's strategy to be carbon-neutral across its regional operations by 2030
Dubai Electricity and Water Authority (Dewa) has signed an agreement with Unilever to sell 20,757 of its international renewable energy certificates as part of its commitment towards the environment and encouraging clean energy use.
According to Dubai Media Office, the agreement, which was facilitated by Dubai’s Investment Development Agency, supports Unilever Middle East's strategy to be carbon-neutral in all its operations by 2030.
Dewa's international renewable energy certificates work as tradeable credits in the renewable energy markets, and can be purchased and sold between different parties.
With the purchase of international renewable energy certificates from Dewa, Unilever Middle East will be able to cover 100% of the energy consumption requirement of two of its key manufacturing sites – its personal care products factory in Dubai Investments Park and Lipton Factory in Jebel Ali.
The deal also covers Unilever's Mena headquarters, which will be able to cut 9,116 tonnes of CO2 emissions through the .
Commenting on the partnership, Dewa’s chief executive officer and managing director, HE Saeed Mohammed Al Tayer, said: “At Dewa, we work in line with the vision and directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform Dubai into a global hub for clean energy and green economy.
“We also support the Dubai Clean Energy Strategy 2050, which aims to provide 75% of Dubai’s total power output from clean energy sources by 2050 and make Dubai the city with the lowest carbon footprint in the world.”