UAE to invest $35bn in clean energy by 2021
Energy minister's aim is to increase the share of renewable energy to 30% and to reduce that of natural gas to 70%
Low oil prices are prompting the hitherto fossil-fuel addicted Gulf oil producers to re-evaluate energy strategies. In the latest sign of the region’s tilt towards heightened energy efficiency, UAE energy minister Suhail al-Mazrouei told an Abu Dhabi energy conference 4 October that the country would invest $35bn in clean energy by 2021, with the focus on nuclear and solar projects. Mazrouei’s aim is to increase the share of renewable energy to 30% and to reduce that of natural gas to 70%, compared with its near 100% share of power generation feedstock. Energy efficiency has found renewed traction on the Arabian peninsula recently, with economic arguments to the fore in driving policy. The
Also in this section
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
