UAE clean energy share exceeds 15% of total mix

WAM

The share of clean energy capacity reached 15.6 per cent of the UAE's total energy mix in 2022, and the target is to raise it to 30 per cent by 2030.

That's according to Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, speaking on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

He added that over the past 15 years, the UAE has invested more than $40 billion in clean energy projects, and this figure is likely to range between $150-200 billion through 2030.

Al Mazrouei also underscored the country's commitment to reduce greenhouse gas emissions and achieve net-zero targets by 2050.

The minister pointed out that the UAE ranked second globally in the Energy Transition pillar of the Green Future Index 2023, which is a testament to its leading contributions and growth rate in renewable and clean energy generation.

The index compiled by MIT Technology Review offers a comparative ranking of 76 nations and territories on their ability to develop a sustainable, low-carbon future.

It measures the degree to which their economies are pivoting toward clean energy, industry, agriculture, and society through investment in renewables, innovation and green policy.

More from Business News

News

  • 'Peace is not far away' says Erdogan after Putin meeting

    Turkish President Tayyip Erdogan, fresh from a meeting with Russia's Vladimir Putin, said he hopes to discuss a Ukraine-Russia peace plan with US President Donald Trump, adding that "peace is not far away".

  • UAE, Serbia deepen ties with new political agreement

    His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Serbia’s Foreign Minister Marko Đurić. have agreed to deepen political coordination after signing a Memorandum of Understanding (MoU) during talks in Abu Dhabi.

  • UAE strengthens child protection measures

    The UAE has introduced changes to its laws governing the care of children of unknown parentage, expanding custody options and strengthening child protection measures.