The UAE Energy Plan 2050 aims to cut carbon dioxide emissions by 70 per cent, increase clean energy use by 50 per cent and improve energy efficiency by 40 per cent by the middle of the century, resulting in savings worth Dh700 billion. Sarah Dea / The National
The UAE Energy Plan 2050 aims to cut carbon dioxide emissions by 70 per cent, increase clean energy use by 50 per cent and improve energy efficiency by 40 per cent by the middle of the century, resultShow more

UAE Energy Plan aims to cut CO2 emissions 70% by 2050



ABU DHABI // Ambitious plans to boost clean energy and slash dependence on natural gas to generate power are at the centre of the UAE’s new energy policy for the next three decades.

The UAE Energy Plan 2050 aims to cut carbon dioxide emissions by 70 per cent, increase clean energy use by 50 per cent and improve energy efficiency by 40 per cent by the middle of the century, resulting in savings worth Dh700 billion.

The policy’s targets for the source of energy for local consumption by 2050 have been set at 44 per cent from renewable energy, 38 per cent from gas, 12 per cent from clean fossil and 6 per cent from nuclear energy. At the moment, more than 90 per cent of UAE’s energy needs are met by natural gas.

“Ensuring the sustainability of energy resources means ensuring the sustainability of the country’s growth,” said Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announcing the plan on Tuesday.

“The government has made an accomplishment in drafting the first unified energy strategy for the UAE covering production and consumption.

“Those who don’t think about energy aren’t thinking about the future.”

The integration of renewable, nuclear and clean fossil energy will be funded with investment of Dh600bn over the next 33 years, equating to an annual spend of more than Dh17bn.

Sheikh Mohammed said the first national energy strategy would ensure a balance between economic needs and environmental targets.

He said the plan would require the participation of all institutions and bodies in the energy sector, and all executive councils.

Despite being one of the top oil producers and exporters, the UAE is also looking to nuclear power to meet its increasing energy demands, with its first nuclear power plant, Barakah, completed this year.

The four-reactor plant will produce 25 per cent of the UAE’s energy needs when it is fully operational.

Sheikh Mohammed also called for a region-wide energy policy. “Gulf countries are similar in terms of economic structure and we hope to have a unified GCC energy strategy to ensure the sustainable development of our peoples and the global strength of our economies.”

This will be supervised by the Ministry of Energy and the Ministry of Cabinet Affairs and the Future.

Dr Thani Al Zeyoudi, Minister of Climate Change and Environment, said the policy was a great step towards the future for which the UAE strives.

“Our reliance on sustainable energy is a guaranteed step towards a better future for us and for future generations,” he said.

Sultan Al Jaber, Minister of State and chief executive of Adnoc, the Abu Dhabi National Oil Company, said the new policy was an important step towards energy security, which was the backbone of all economic and development activity.

“It specifies the energy mix components and includes both clean energy and gas, which is cleaner hydrocarbon fuel, clean coal and peaceful nuclear energy,” Dr Al Jaber said.

Mohammed Atif, the Middle East and Africa regional manager for energy consultancy DNV GL, said the policy was a significant increase on the previously announced targets.

“There were expectations within the industry that specifically, renewable energy targets would increase, but it is quite impressive to see the ambitious approach to energy efficiency as well,” he said.

“We are aware that a number of reforms and implementation plans are either under way or in early stages of execution so we look forward to a bright future.”

This is the UAE’s first nationwide energy strategy reaching 2050, with previous national energy targets looking to generate 30 per cent of power from clean sources by 2030.

However, Dubai set out its own plan two years ago to have clean energy sources make up 75 per cent of the emirate’s energy by 2050.

According to the latest figures from the International Energy Agency in 2014, half of the world’s energy supply came from oil and gas, close to 30 per cent from coal and nuclear at 5 per cent. Renewables – including hydropower, geothermal, solar, wind and heat – accounted for just 3.8 per cent of the total supply.​

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- Diriyah’s first of 42 hotels, the Bab Samhan hotel, will open in the first quarter of 2024
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- The $63.2 billion Diriyah project will contribute $7.2 billion to the kingdom’s GDP
- It will create more than 178,000 jobs and aims to attract more than 50 million visits a year
- About 2,000 people work for the Diriyah Company, with more than 86 per cent being Saudi citizens

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Getting there

The flights

Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.

The stay

Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net 

Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama

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Engine: 2-litre 4-cylinder petrol (V Class); electric motor with 60kW or 90kW powerpack (EQV)
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Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

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Based: Dubai, UAE
Industry: art and e-commerce
Funds raised: undisclosed amount raised through Waverider Entertainment

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Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
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Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

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Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
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Number of employees: 8
Industry: Sustainability & Environment
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The specs

Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

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SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
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Specs

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Battery: 25.7kWh lithium-ion
0-100km/h: 3.4sec
0-200km/h: 11.4sec
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