UAE clean energy spending may hit AED 734b (USD 200b) by 2030

By 2030, the amount spent on clean energy projects in the UAE may reach AED 734B (USD 200B). Suhail bin Mohammed Al Mazrouei, the Minister of Energy and Infrastructure, said that in 2022 the country's share of installed clean energy capacity reached 15.6% of the total energy in the UAE. He added that, in accordance with the updated UAE Energy Strategy 2050, the goal is to raise it to 30%.

During the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2023), Suhail bin Mohammed Al Mazrouei mentioned that the UAE was ranked second on the Energy Transition list of the Green Future Index 2023. This is a comparative ranking of 76 countries that shows each one's ability to create a sustainable and low-carbon environment.

Such a high ranking of the UAE shows the leading position of the country concerning renewable and clean energy initiatives. According to the minister, the UAE has invested over AED 147B (USD 40B) in clean energy projects in the last 15 years. Between AED 550B (USD 150B) and AED 734B (USD 200B) will be spent by 2030. By 2050, the UAE plans to have reduced greenhouse gas emissions and achieved net-zero targets. The energy sector will play an important role in achieving this goal.

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