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The UAE’s Net Zero Strategic Plan to 2050 aims to support the country’s dynamic economic growth and positive impact on the environment
The UAE launched a game-changing initiative on Thursday aimed at achieving net zero carbon emissions by 2050, making the country the first country in the Middle East and North Africa (Mena) to embark on such a future journey.
In the presence of His Royal Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the “UAE 2050 Net Zero Strategy” was announced at the 2020 Dubai Expo. The initiative” aims to consolidate the country’s vitality and economic growth while having a positive impact on the environment.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Chief of Dubai, commented on this landmark plan: “We are committed to seizing opportunities to consolidate our presence in our region and As we move our economy and country to net zero, we will use this critical economic opportunity to drive development, growth, and new job opportunities.
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Our investment in renewable energy exceeds AED 600 billion, and our vision for a clean future is clear. “
Sheikh Mohamed bin Zayed said that with the announcement of the plan to achieve climate neutrality by 2050, the UAE continues to play an effective role in climate control issues, through a series of effective community and economic measures, to increase our commitment to mitigation Support of international efforts on climate change.
“In order to achieve climate neutrality in the UAE by 2050, our goal is to develop an example that can both promote sustainable economic growth and work together to create a better future for mankind.”
As the UAE enters a new 50-year growth cycle, the announcement is in line with the 50 principle-the UAE’s roadmap for accelerating national economic development to commemorate the country’s golden jubilee. The major economic opportunities provided by the Net Zero Road directly support the vision of developing the UAE into the most dynamic economy in the world.
Present at the announcement ceremony were Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler, Deputy Prime Minister and Minister of Finance of Dubai; and Sheikh Mansu, Deputy Prime Minister and Minister of Presidential Affairs Al bin Zayed Al Nahyan.
Minister of Cabinet Affairs Mohammad bin Abdullah Al Gergawi also attended the ceremony; Minister of State for International Cooperation and Director General of Expo 2020 Dubai Reem bint Ibrahim Al Hashemy; Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei; Minister of Industry and Advanced Technology and Special Envoy for Climate Change Dr. Sultan bin Ahmed Al Jaber; Abdullah bin Touq Al Marri, Minister of Economy; and Mariam Hareb Almheiri, Minister of Climate Change and Environment.
“The UAE Net Zero Strategy Initiative openly invites the world to cooperate with the UAE to develop practical solutions that promote multilateralism and create opportunities for sustainable socio-economic development,” said Minister Al Jaber.
The UAE’s Net Zero Strategy Initiative by 2050 is aligned with the Paris Agreement, which calls on countries to develop long-term strategies to reduce greenhouse gas (GHG) emissions and limit global temperature rise to 1.5 degrees Celsius compared to pre-industrial levels.
“The UAE is focused on balancing the requirements for economic growth, social inclusion and cohesion, and limiting the impact of climate change on our environment and natural resources,” said Minister Alm Khalid.
The Ministry of Climate Change and Environment will lead and coordinate efforts to implement the UAE’s Net Zero Strategy Initiative to 2050.
issacjohn@khaleejtimes.com
Isaac John
The editorial director of Khaleej Times is a well-connected Indian journalist and economic and financial commentator. He has worked in mainstream journalism in the UAE for 35 years, including 23 years in Khaleej Times. He is a graduate of English major and a graduate of economics major, and has won more than 20 awards. He is widely praised for his real and insightful analysis of global and regional business and economic trends, and is respected for his keen understanding of local business scenarios.
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