UAE commits US$54 billion in energy initiatives to meet growing demand

carbon net zero

As part of its goal to achieve net zero emissions by 2050, the United Arab Emirates (UAE) has announced plans to invest up to $54 billion in renewable energy projects over the next seven years.

During this period, the UAE aims to triple the proportion of energy generated from renewable sources, with a particular focus on harnessing hydrogen as a clean power source.

Furthermore, the government has approved the establishment of a financial stability council, which will oversee risk monitoring, assist in managing potential financial crises, and develop precautionary measures to safeguard the country’s economic and financial system.

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