The UAE has unveiled a three-decade energy plan that will aim to save Dh700 billion and invest Dh600 billion to sustain economic growth.The plan balances the UAE’s economic needs and environmental goals.
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the launch of the plan on his Twitter page.
The UAE Energy Plan for 2050 aims to boost consumption capabilities by 40 per cent, as well as increasing the contribution of clean energy by 50 per cent.
The equation targeted by the plan is as follows: 44 per cent clean energy, 38 per cent gas, 12 per cent clean coal and 6 per cent nuclear.
“He who does not think of energy is not thinking about the future. The UAE government has made an achievement in drawing up a unified energy strategy for the country,” tweeted Shaikh Mohammad.
“The Gulf countries are similar in their economic structure, and we hope that we will one day have a unified GCC energy strategy in order to ensure sustainable growth for our people and global influence for our
economies,” he tweeted.