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.
