2023-11-28 22:21:08
His Excellency Suhail Al Mazrouei, Minister of Energy and Infrastructure, said that the UAE aims to triple the contribution of renewable energy over the next seven years, and pump investments worth 200 billion dirhams to ensure meeting the increasing demand for energy in the country due to rapid economic growth, and increase the share of installed clean energy to 30%. By 2030.
He added in a speech he delivered during the opening of the activities of the ninth session of the World Green Economy Summit that the summit proves that it is the driving force behind the global transition to the green economy.
Pointing out that the UAE is focusing on enhancing readiness for the future, preparing policies and strategies, and adopting a proactive approach that supports global leadership, as it has announced many policies and strategies that support the proactive approach, including the UAE Energy Strategy 2050, and the National Hydrogen Strategy.
Improve efficiency
His Excellency added: “We aim to reduce energy consumption by improving efficiency by up to 45% by 2050. The National Hydrogen Strategy is part of the country’s initiatives and projects to invest in clean energy sources and support global efforts to enhance environmental sustainability. It represents a decisive tool for achieving the country’s goals to reach Climate neutrality by 2050.
This strategy also aims to enhance local capabilities to produce 1.4 million metric tons per year of low-emission hydrogen by 2031, and increase production to 15 million tons per year by 2050.”
Clean energy
His Excellency the Minister said: “The areas of energy and infrastructure are at the heart of the transition to a green economy, including energy, infrastructure, transportation, and buildings, each of which has multiple opportunities for deep decarbonization, as clean energy is the main requirement for building a strong green economy, and the UAE is investing In the transition to clean energy.
Many projects are now being fed into the network, and there are other projects under development, and in the next seven years, we aim to increase our clean energy capacity to 19.8 gigawatts.”
Transport
Regarding the transportation sector, His Excellency the Minister of Energy and Infrastructure said: “We plan to increase the share of electric and hybrid vehicles to 50% of the total vehicles on our roads by 2050, and to achieve this goal, we are constantly working to expand our network of electric car charging stations, and we may be the first country It establishes a pricing mechanism that will be announced soon, which will stimulate the private sector to invest in electric vehicle charging stations.
His Excellency pointed to the infrastructure sector’s focus on developing low-carbon building materials and implementing sustainable building practices, with a focus on the circular economy.
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