The UAE is investing Dh600 billion ($163.5 billion) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.
It is building the world’s largest solar plant in the Al Dhafra region of Abu Dhabi with a capacity of 2 gigawatts, as well as the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, with a 5-gigawatt capacity.
The UAE, which is home to the Mena region’s first nuclear power plant and one of the world’s biggest renewable energy company Masdar, is incentivising private sector to make sustainability and circularity core of their business.
The country hosts the next UN Cop28 climate summit, starting at the end of November 2023.
The private sector is vital for global efforts to put the world on track by 2030, if it is to achieve its net-zero goals by the middle of this century, the director general of the UAE's presidency of Cop28 has said.
The UAE has made tremendous strides in sustainability, carbon neutrality, and environment preservation with a series of ambitious initiatives and projects designed to shape an economy based on renewable and clean energy, advanced technologies, and eco-friendly business.
The latest among these are the UAE Net Zero by 2050 Strategic Initiative, which aims to achieve net-zero emissions by 2050, making the UAE the first country in the region to do so.
No comments:
Post a Comment