The UAE recorded the largest increase in renewable energy capacity worldwide over the past decade, a new index has revealed, reflecting the government's key focus on enacting initiatives to achieve its net-zero ambitions.
Capacity in the Emirates surged to 2,540 megawatts in 2020 from a modest 13MW in 2011, Australia-based aggregator Compare the Market said in its “Green Fuel Index” report.
“Countries are increasingly relying more on renewable sources, such as wind and solar, for their energy as they attempt to go green,” the report said.
“The UAE — where renewable capacity has grown by almost 20,000 per cent over the last decade — has traditionally relied on its plentiful supplies of oil but has recently made a big effort to shift away from fossil fuels.”
The UAE is expanding efforts to shift to greener technologies under its Net Zero 2050 Strategic Initiative, which calls for Dh600 billion ($163bn) to be invested in clean and renewable energy sources in the next three decades.
The plan was announced in the run-up to the Glasgow Cop26 summit in November. The UAE won the bid to host Cop28 in 2023.
The plan is a follow-up to the Energy Strategy 2050 programme introduced in 2017 — the first unified energy strategy in the country to be based on supply and demand — which aims to increase the contribution of clean energy in the total energy mix from 25 per cent to 50 per cent by 2050.
It also seeks to reduce the carbon footprint of power generation by 70 per cent, thus saving Dh700bn by 2050, as well as increase consumption efficiency of individuals and corporates by 40 per cent.
The strategy is aiming for an energy mix of 44 per cent clean energy, 38 per cent gas, 12 per cent clean coal and 6 per cent nuclear to meet the UAE’s economic requirements and environmental goals.
Aside from harnessing solar energy, the UAE made history with the opening of the Barakah Nuclear Energy Plant in April 2021, becoming the Arab world's first country to run a nuclear programme.
In its first year, Barakah's Unit 1 prevented the release of more than five million tonnes of carbon emissions, equivalent to more than one million cars driven for a year.
The UAE's efforts are being spearheaded by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and the Emirates' special envoy for climate change, who has continuously championed the benefits of renewable energy and encouraged an inclusive approach that will serve as the foundation for the future economy.
Masdar, Abu Dhabi's clean energy company which Dr Al Jaber is chairman of, has advanced clean energy, sustainable real estate and green technology initiatives and projects in the Emirates and throughout the world. Masdar is active in more than 35 countries globally, and has invested over $20 billion in renewable energy projects with its partners.
Saudi Arabia has also invested heavily in boosting its renewable energy capacity and was ranked second after the UAE in the Compare the Market study. The kingdom's renewable energy capacity surged to 413MW from 3MW over the past decade, it found.
“Like the UAE, Saudi Arabia is another country that has had a strong reliance on oil for its energy needs but has been pushing towards more renewable alternatives with an increase of over 13,000 per cent in the last 10 years,” the report said.
Barbados, Malta and Bahrain ranked in the top five countries that reported the largest increases in renewable energy capacity and are the only ones that recorded a capacity growth of at least 10-fold since 2011.
In terms of producing the highest amount of renewable energy capacity per person, Iceland ranked first globally, generating 7,830MW for every one million people. The majority of this comes from hydropower, with a significant amount also coming from geothermal, the report said.
Norway, Sweden, Canada and Austria rounded out the top five in the list dominated by European countries, with EU member states sourcing an average of 22 per cent of their energy from renewables — two percentage points ahead of the goal they set in 2009 — according to the World Economic Forum.
Norway, meanwhile, is the country that relies the most on green energy at 97.4 per cent, followed closely by Iceland (97.3 per cent), Andorra (96.9 per cent), Costa Rica (86.8 per cent) and Switzerland (81.6 per cent).
When ranked by renewable energy segments, Norway was the top producer of hydropower during the 10-year period, while South Korea topped the list in terms of marine power. Denmark produced the most wind power, Australia generated the most solar power and Iceland topped the rankings globally for geothermal energy.
More from Rashmee Roshan Lall
Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press
UAE currency: the story behind the money in your pockets
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
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%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
BUNDESLIGA FIXTURES
Friday (All UAE kick-off times)
Borussia Dortmund v Eintracht Frankfurt (11.30pm)
Saturday
Union Berlin v Bayer Leverkusen (6.30pm)
FA Augsburg v SC Freiburg (6.30pm)
RB Leipzig v Werder Bremen (6.30pm)
SC Paderborn v Hertha Berlin (6.30pm)
Hoffenheim v Wolfsburg (6.30pm)
Fortuna Dusseldorf v Borussia Monchengladbach (9.30pm)
Sunday
Cologne v Bayern Munich (6.30pm)
Mainz v FC Schalke (9pm)
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
WandaVision
Starring: Elizabeth Olsen, Paul Bettany
Directed by: Matt Shakman
Rating: Four stars
Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
Juliet, Naked
Dir: Jesse Peretz
Starring: Chris O'Dowd, Rose Byrne, Ethan Hawke
Two stars
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory