The UAE plans to invest AED 200 billion in sustainable energy initiatives over the next six years aiming to decarbonize its economy and achieve net-zero emissions by 2050. Minister of Energy and Infrastructure, Suhail Al Mazrouei highlighted the nation's commitment to diversifying its energy mix and increasing reliance on clean energy sources.
Source: Utilities Middle East
The UAE also aims to reduce carbon intensity in its oil and gas operations by 25% over the next decade. Al Mazrouei emphasized that the country is a global model for a practical transition to clean energy while continuing to meet current energy demands. The UAE has already made significant investments in clean energy projects with many more under development.