The United Arab Emirates has set ambitious goals for its energy sector and plans to invest about $163 billion (about 600 billion Dh) in clean energy to support its climate neutrality goals.
This was done on his behalf by Engineer Yousef Al-Ali, Assistant Secretary of State for Electricity, Water, and Future Energy, Ministry of Energy and Infrastructure, and by Energy Policy Expert Fahd Al-Hammadi. stated in the speech given. became a ministry.
Energy and climate-related measures taken are a top priority on the national agenda and among the UAE’s goals for the next 50 years, the ministry said.
They are also key elements of the “net zero by 2050″ strategy that the UAE has put in place to reduce emissions. Emirates is the first country in the Mena region to declare a goal of becoming carbon neutral.”The UAE has ambitious plans in the energy sector, especially in the clean sector, with the state planning to invest around $163 billion in clean energy to support carbon neutrality goals.”
“Furthermore, the nation is now in a position to reassess its national priorities by tackling climate change, exploring new opportunities for economic growth, increasing social benefits, and ensuring sustainability over the next 30 years. “We are working on it,” Al-Hammadi said in a speech at The Journey to Net Zero conference hosted by the Khaleej Times on Wednesday.
The forum was sponsored by the Clean Energy Business Council, Middle East Solar Industry, and Energy Industries Council Mena, as well as sustainability partner Accenture, gold sponsor Trane Technologies, silver sponsor Fugro, and the Clean Energy Business Council, Middle East Solar Industry, and Energy Industries Council Mena.This forum is officially endorsed by the Dubai Supreme Energy Council.
Al-Hammadi added that the UAE is a global leader in clean energy, supporting environmental sustainability, and reducing carbon emissions. He revealed that the Al-Reyadah project is the first facility in the Mena region to capture, use, and store carbon on a commercial scale.
“However, the electricity consumed by the national oil companies comes from carbon-free nuclear and solar power,” he said.
Al Hammadi has invested in renewable projects in more than 40 developed and developing countries, as well as in peaceful nuclear energy. The country also invests in hydrogen energy, which is essential for achieving net zero emissions. We made sure we had a solid foundation.
He called for greater cooperation between the UAE and its strategic partners (local, regional, and global) to harness innovation, modern technology, and the 4th industrial revolution in developing the energy, power, and water sectors.
