News from the Middle East

Business monthly (Egypt) - - INSIDE -

Of­fi­cials in the United Arab Emi­rates signed off last month on a $163-bil­lion en­ergy strat­egy that aims to cut the coun­try's car­bon emis­sions by 70 per­cent in the com­ing decades. In ad­di­tion to im­prov­ing en­ergy ef­fi­ciency, the UAE En­ergy Plan 2050 wants 44 per­cent of en­ergy con­sump­tion to be met by re­new­ables, 38 per­cent from nat­u­ral gas, 12 per­cent from “clean coal” and 6 per­cent from nu­clear power. At present, more than 90 per­cent of the coun­try's en­ergy is gen­er­ated from gas, but the UAE re­cently in­vested in sev­eral large so­lar plants, and there are plans to bring a nu­clear power sta­tion on­line later this year. “En­sur­ing the sus­tain­abil­ity of en­ergy re­sources means en­sur­ing the sus­tain­abil­ity of the coun­try’s growth,” said Sheikh Mo­hammed bin Rashid, vice pres­i­dent and ruler of Dubai, ac­cord­ing The Na­tional. Dubai re­cently set an even more am­bi­tious tar­get, aim­ing for 75-per­cent clean en­ergy by 2050.

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