UAE declares 2050 net-zero target
Opec member announces initiative ahead of Cop26
The UAE has announced an initiative to reach net-zero emissions by 2050. In a statement released by the Emirates News Agency, Awaidah Murshid al-Marar, chairman of the Department of Energy, highlighted that the UAE has installed over 3.1GW of solar over the past decade and is developing the Barakah nuclear power plant—which will supply 25pc of the country’s energy demand. Marar expects nuclear to power 47pc and solar 7pc of the UAE’s electricity by 2025, thereby halving CO₂ emissions from the domestic energy sector. This would take the UAE past the 50pc clean energy target set out in its National Energy Strategy 2050. The UAE also aims to reduce electricity consumption by 22pc and water cons
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions