International
Focus on Clean Energy Investment Partnership at UAE Green Economy Summit
Seetao 2022-08-22 09:24
  • Dubai to provide 100% clean energy production capacity by 2050
  • The projects will also contribute to the realization of the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Emissions Strategy 2050
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The World Green Economy Summit in Dubai in September will focus on developing investment partnerships and promoting green project financing, as governments around the world step up efforts to reduce emissions to protect the environment. The two-day summit, taking place on September 28-29, will also highlight the UAE's efforts to increase green investment as the country prepares to host the Cop28 conference in 2023.

The UAE has committed $400 million to help developing countries transition to clean energy, which will positively impact 100 million African citizens by 2035. It has pledged to raise $4 billion to invest in technologies that transform agriculture and food production to limit climate change. The Arab world's second-largest economy is ramping up investment in the development of new renewable energy projects, including the world's largest solar power plant in Abu Dhabi's Al Dhafra region with a total capacity of 2 GW, and a 5,000 megawatt solar farm in Dubai Watt Mohammedbin Rashid Solar Park. Invest 50 billion dirhams.

The UAE has been committed to incorporating the UN's 2030 Sustainable Development Goals into its vision for the future and achieving its ambitions for the next 50 years, said Saeed Al Tayer, Deputy Chairman, Managing Director and Chief Executive Officer, Dubai Supreme Energy Council, Dubai Electricity and Water. said the Executive Officer of the Bureau and Chairman of WGES.

Pioneering transformational projects, such as the construction of solar power plants, the use of environmentally friendly electric vehicles, and the building of sustainable low-carbon urban communities, support the strategy to achieve a sustainable future for key sectors of the UAE.

As part of this effort, the circular economy represents a key economic driver and has seen tangible growth under the auspices of the newly established UAE Circular Economy Council and its Policy Committee. To date, the group has developed a roadmap that includes 22 solutions and initiatives to support the circular economy. Keywords: engineering news, overseas news

These policies will help address challenges in four key areas, namely manufacturing, green infrastructure, transport, and food production and consumption, while also driving an overall green transition. Direct and indirect jobs in the global renewable energy sector are estimated at 12 million in 2020, up from 11.5 million in 2019, according to the International Renewable Energy Agency and the International Labour Organization.Editor/XingWentao

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