UAE To Become a Global Hub for Green Energy
- Publish date: Tuesday، 08 March 2022
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Yousif Al Ali, Assistant Undersecretary for the Electricity, Water and Future Energy Sector at the UAE Ministry of Energy and Infrastructure, has reiterated the UAE’s commitment to supporting the energy transition through domestic and foreign investment with an investment of $163 billion to diversify the country’s energy mix.
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Over the next decade, the UAE will focus on driving clean electrification through solar and nuclear, implementation of transparent policies, improving energy efficiency, reducing carbon and methane emissions, and turbocharging innovation to commercialise hydrogen technology and accompany these actions by strategies to unlock capital flows in support of clean energy transition to ensure affordability and reliability.
Elsewhere on the agenda on the opening day were high-level panel discussions and presentations, including the Roadmap the Decarbonisation led by Ras Al Khaimah Municipality’s Executive Director of Energy Efficiency & Renewables, Andrea Di Gregorio.
#UAE determined to lead decarbonisation, sustainability of fossil fuel sector: Global Energy & Utilities Forum.#WamNews https://t.co/Nx06QcpxZ8 pic.twitter.com/W08YopsAMg
— WAM English (@WAMNEWS_ENG) March 7, 2022
A recent report stating that green hydrogen could stimulate $200billion of revenue in the GCC alone by 2050, there is the potential for the region to emerge as a global hub for green hydrogen.