November 5, 2024
1 min read

UAE to invest DhD200b to meet sustainable energy demand

Suhail Al Mazrouei affirmed that the UAE serves as a model for an ambitious and practical transition to clean energy sources….reports Asian Lite News


Suhail Al Mazrouei, Minister of Energy and Infrastructure, stated that the UAE plans to invest up to AED200 billion to meet sustainable energy demand over the next six years, aiming to “decarbonise our economy and achieve net-zero emissions by 2050.”

In his remarks on the occasion of the launch of ADIPEC 2024 today, Suhail Al Mazrouei added that “our efforts to diversify the energy mix and increase reliance on clean energy sources align with our goal of reducing carbon intensity in our oil and gas operations by an additional 25% over the next decade.”

He affirmed that the UAE serves as a model for an ambitious and practical transition to clean energy sources. ‘’We continue to meet today’s global energy needs while heavily investing in clean energy systems for the future. We already have significant investments in clean energy projects in operation and others under development,” he said.

ALSO READ: UAE approves national anti-drug strategy

Previous Story

‘Unprecedented humanitarian crisis unfolding in Lebanon’

Next Story

Abu Dhabi CP attends World Without Hunger ConferenceAbu Dhabi CP attends World Without Hunger Conference

Latest from -Top News

Trump Lashes Out Over Fragile Truce

Trump mentioned that both countries “violated” the ceasefire that was announced late Monday….reports Asian Lite News US President Donald Trump on Tuesday issued a stern warning to both Israel and Iran, accusing

Global Brands Linked to Uyghur Labour Abuse

Labour rights experts warn that global brands are failing to account for the realities of their operations…reports Asian Lite News A recent investigation by The Bureau of Investigative Journalism has found that

Jaishankar Pays Tribute to Kanishka Victims

Jaishankar emphasised that the anniversary of the attack is a “stark reminder of why the world must show zero tolerance towards terrorism and violent extremism.”….reports Asian Lite News On the 40th anniversary

Taliban Severs Oil Deal with China Amid Growing Friction

Several countries have recently withdrawn from Chinese-funded infrastructure and resource deals, citing quality concerns, lack of transparency, and limited benefits for local populations….reports Asian Lite News The Taliban has cancelled a $540

Qatar Summons Iran Envoy Over Base Strike

Qatar’s Ministry of Foreign Affairs affirmed to Iranian Ambassador Ali Saleh Abadi that it reserves the right to respond to this flagrant violation in accordance with international law. Qatar on Tuesday summoned
Go toTop

Don't Miss

Dubai Sees 21% Rise in International Tourist Arrivals

Dubai’s international visitor performance bolstered its ranking as the No.1

LIC International, Policybazaar team up to drive insurance growth

Through this partnership LIC International aims to gain a significant