The UAE is a pioneer in the transformation of the responsible and sustainable energy sector
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The UAE has established a unique model for a practical and responsible transformation in the energy sector, launching numerous supporting initiatives and strategies to achieve its 2050 climate neutrality goals.
In 2017, the UAE launched its Energy Strategy 2050, the country’s first unified energy strategy that is based on supply and demand. In collaboration with all stakeholders, the strategy was updated after its first review to take into account developments in the energy sector and ensure access to reliable, sustainable and affordable energy.
He National Hydrogen Strategypresented as part of this update, aims to support local low-carbon industries, contribute to achieving climate neutrality and enhance the UAE’s position as one of the largest hydrogen producers by 2031.
He UAE Energy Strategy 2050 aims to triple the contribution of renewable energy and invest between AED 150 and 200 billion by 2030 to meet the country’s growing energy demand as a result of a rapidly growing economy.
It also aims to increase individual and institutional energy consumption, achieve financial savings of AED 100 billion, create 50,000 new green jobs and achieve a grid emission factor of 0.27 kg CO2/kWh by 2030.
He National Hydrogen Strategy is a long-term plan to make the UAE a leading and reliable producer and supplier of low-carbon hydrogen by 2031. The strategy serves as a crucial tool to help the UAE achieve its commitment to achieving net zero emissions by 2050 and accelerate global hydrogen growth. economy.
This strategy emphasizes the importance of economic growth and will help create thousands of jobs in the hydrogen sector by 2050, as well as reducing emissions in hard-to-reduce sectors such as heavy industries, land transport, aviation and shipping, to 25 percent by 2031.
The Barakah Nuclear Power Plant plays a key role in energy production and achieving sustainable development by generating abundant carbon-free electricity for the UAE power grid under an integrated renewable energy sources approach. It has added significant amounts of clean electricity, of which 75% comes from nuclear energy, making the UAE an ideal host for the “Net Zero Nuclear Summit” held during COP28.
In the same context, the Barakah plant is an important part of the UAE’s efforts to diversify its energy sources and will provide clean and efficient energy to homes, businesses and government facilities while reducing the country’s carbon footprint. When fully operational, the Barakah nuclear power plant is expected to avoid up to 22 million tonnes of carbon emissions each year, which is equivalent to removing 4.8 million cars from the roads.
The Abu Dhabi Future Energy Company “Masdar” has played an active role in combating the effects of climate change for 17 years. Its renewable energy projects and investments in sustainable urban development contribute positively to achieving climate neutrality.
The company’s current project portfolio produces more than 20 gigawatts (GW) in 40 countries across six continents and is valued at more than AED 110 billion. These projects help reduce carbon emissions by 30 million tonnes per year, which is equivalent to powering 5.25 million homes or taking 6.5 million cars off the road.
Masdar aims to consolidate its position as a world-leading renewable energy and green hydrogen company, as it works to expand its portfolio to increase its total production capacity and exceed its target of 100 GW by 2030, and double it in the future.
COP28 dedicated a day to “Energy, Industry and Just Transition” with high-level events reflecting the UAE’s climate action efforts and those of relevant parties in the energy sector, aligning with global initiatives to accelerate emissions reductions.
News source: Emirates News Agency
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