International
The United Arab Emirates plans to invest 160 billion dollars in renewable energy
Seetao 2022-12-16 10:09
  • Dubai is building Mohamed bin Rashid Solar Park with a capacity of 5 GW in Dubai
  • The United Arab Emirates is pursuing the goal of reducing its carbon footprint and will become the first country in the Middle East to set a net zero goal in 2021
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Dubai's transition to clean energy is accelerating as the emirate seeks to achieve net zero emissions by 2050. Last month, Sheikh Hamdan Bin Mohammed, Crown Prince of Dubai, made a plan to make public transport in the emirate zero emissions by 2050, which is closer to its ambition to become a green economy center. An ambitious future plan will focus on eliminating 8 million tons of carbon dioxide emissions, saving the equivalent of $816.8 million.

Dubai is already one of the world's leading clean energy infrastructure cities and is rapidly achieving this goal, the DMO statement said. The United Arab Emirates, OPEC's third largest oil producer, is pursuing the goal of reducing its carbon footprint and will become the first country in the Middle East to set a net zero goal in 2021.

The United Arab Emirates plans to invest US $160 billion in clean and renewable energy in the next three decades. It is building a 5000 megawatt Mohamed bin Rashid Solar Park in Dubai, one of the major infrastructure projects of the Dubai Electricity and Water Authority.

Abu Dhabi is developing a two gigawatt solar power plant in the Al Dhafra region, and has set a target of 5.6 gigawatt solar photovoltaic capacity by 2026. In 2017, the United Arab Emirates launched an energy policy to promote the development of clean energy and reduce dependence on natural gas for power generation.

The 2050 energy plan of the United Arab Emirates aims to reduce carbon dioxide emissions by 70%, increase the use of clean energy by 50%, and improve energy efficiency by 40% by the middle of this century, thereby saving a value of 190.6 billion dollars.

The target of the policy to provide energy for local consumption by 2050 is set as 44% from renewable energy, 38% from natural gas, 12% from clean fossil and 6% from nuclear energy. In November, the Dubai based National Oil Company of the United Arab Emirates signed a preliminary agreement with the Japanese heavy industry manufacturer IHI to explore the establishment of a low hydrocarbon and green ammonia plant in the United Arab Emirates to support the energy transformation efforts of the United Arab Emirates. The fuel produced will be exported to Japan and supplied in the United Arab Emirates and the wider region for refueling and other purposes.

This makes Enoc the latest UAE company to set foot in the booming hydrogen energy industry, which is expected to be worth about 183 billion dollars by 2023. Hydrogen can be produced from renewable energy and natural gas. With the transition of economy and industry to a low-carbon world to mitigate climate change, it is expected to play a key role in the next few years.

Low carbon ammonia is made of nitrogen and clean hydrogen. It is the most promising carrier for large-scale hydrogen production and a potential clean fuel. It is suitable for a wide range of applications, including transportation, power generation and fertilizer production. The upcoming COP28 Climate Conference will be held in Dubai World Expo City.

At the 28th meeting of the Conference of the Parties, officially known as COP28, leaders will be urged to commit themselves to taking tougher action on climate change, including reducing the use of coal-fired power stations, reducing the reliability of fossil fuels and increasing renewable energy. DMO said that the meeting would provide an opportunity for the United Arab Emirates and Dubai to showcase their unique clean energy projects and achievements in reducing dependence on non renewable energy.Editor/Xing Wentao

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