Dh600 billion to be invested by UAE in clean energy

UAE plans to invest around $163 billion (nearly Dh600 billion) in clean energy to support the goals of climate neutrality as it sets ambitious targets for the energy sector. This was stated during a speech by engineer Youssef Al Ali, Assistant Undersecretary for the Electricity, Water and Future Energy Sector at the Ministry of Energy and Infrastructure, which was delivered on his behalf by engineer Fahad Al Hammadi, an energy policy expert at the ministry.

The ministry said that the measures taken in relation to energy and climate are a top priority on the national agenda and ranks high among the UAE's goals for the next 50 years and they are also a major element in the Net Zero by 2050 strategy that the UAE rolled out to cut down emissions. 

The Emirates is the first country in the Mena region to announce its goal to achieve climate neutrality.