The UAE is investing AED200 billion ($54.4 billion) over six years to meet its growing sustainable energy needs. This substantial investment supports the country’s goal of net-zero emissions by 2050. The investment aims to diversify the energy mix and increase reliance on clean energy sources. This will reduce carbon intensity in oil and gas operations by an additional 25% over the next decade.
The UAE’s investment is part of a broader regional push to increase renewable energy capacity. Middle East and North African countries are on track to triple renewable energy capacity by 2030, driven by solar photovoltaic expansion. The UAE’s efforts align with these goals, positioning the country as a leader in sustainable energy.
