UAE clean energy share exceeds 15% of total mix

WAM

The share of clean energy capacity reached 15.6 per cent of the UAE's total energy mix in 2022, and the target is to raise it to 30 per cent by 2030.

That's according to Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, speaking on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

He added that over the past 15 years, the UAE has invested more than $40 billion in clean energy projects, and this figure is likely to range between $150-200 billion through 2030.

Al Mazrouei also underscored the country's commitment to reduce greenhouse gas emissions and achieve net-zero targets by 2050.

The minister pointed out that the UAE ranked second globally in the Energy Transition pillar of the Green Future Index 2023, which is a testament to its leading contributions and growth rate in renewable and clean energy generation.

The index compiled by MIT Technology Review offers a comparative ranking of 76 nations and territories on their ability to develop a sustainable, low-carbon future.

It measures the degree to which their economies are pivoting toward clean energy, industry, agriculture, and society through investment in renewables, innovation and green policy.

More from Business News

  • India reviewing allegations of antitrust breaches by IndiGo

    India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.

  • DXB and DWC boost winter schedules with new routes

    Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.

  • Amazon in talks to invest in OpenAI

    Amazon.com IncĀ is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.

  • DXB to welcome over 4.2 million guests over next two weeks

    Dubai International Airport (DXB) is gearing up to accommodate a surge in travellers over the next two weeks, marking one of the busiest travel periods of the year.

Blogs