Government initiative to boost recovery will drive green economy, says Graded Spa
Dubai, UAE, 11 January 2021: The governments in the Middle East region are taking the appropriate measures towards boosting economic recovery following COVID-19, said Giuseppe Gregorini, representative of Graded Spa, an energy solutions provider headquartered in Italy. Gregorini said that in the current development model, governments in the region are boosting public investments in strategic areas, such as economic sectors that add significant value to the economy, the green and innovative economy and inclusive human capital and infrastructure that contribute to greater productivity.
Gregorini said, “Investments may look to phase out fossil fuel subsidies, strengthening the water, food and energy nexus, building the resilience of communities. Public policies and financial decisions may more consciously take account of exposure to climate risks and seek to preserve the region’s natural capital.” He emphasised that the newly created themes serve as fertile ground for the expansion of HVAC technologies and products, which the company has specialised in. “In this historical moment, the collaboration with university research institutes of excellence in the UAE is very important, both for expansion opportunities and for entry into the sector at the forefront of technology,” he said, adding that this will be reflected in the highly anticipated World Expo, scheduled to take place in Dubai in 2021.
Gregorini said that Graded continues to view the UAE as a crucial part of the company’s expansion plans with a focus on renewable energy. “Innovation and new technologies are key in order to keep pace with a market that is expanding at a level that the UAE is,” he said. “To develop these projects, we make use of partnerships with Italian universities and, above all, with research institutes and universities in the UAE, particularly in Dubai and Abu Dhabi.” He said that in addition to renewable energy, Graded intends to promote the development and growth of geothermal energy through its GeoGrid Project, which aims to reduce costs and consumption and is tailored to the Emirates.