Renewable energy: UAE launches plan to achieve net zero emissions by 2050

This makes it the first country in the Middle East and North Africa to launch concrete initiatives to achieve climate commitments.

this Gulf countries In the past year, which coincided with the country’s 50th anniversary, a number of measures were introduced to attract investment and foreigners to help the economy recover from the effects of the COVID-19 pandemic.

These economic measures also come at a time when economic competition with Saudi Arabia, a neighboring Gulf country, is becoming increasingly fierce as the region’s trade and business center.

Sheikh Mohammed bin Rashid Al said: “We are committed to seizing the opportunity to consolidate our leadership in climate change in the region, and use this key economic opportunity to promote development, growth and New job opportunities.” UAE Vice President and Prime Minister and Chief of Dubai Maktoum.

UAE, one OPEC The government stated that the member has invested US$40 billion in clean energy over the past 15 years.Its first nuclear power plant, Barakah, has been connected to the national grid and UAE The company stated that its goal is to produce 14 GW of clean energy by 2030, up from about 100 MW in 2015.

No more details about the 600 billion dirham investment were provided.

Sultan Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change, stated that the UAE will use the net-zero road as a way to create economic value, improve industrial competitiveness and increase investment.

The UAE is bidding to host the COP28 global climate negotiation in 2023.