The United Arab Emirates wants nearly half the energy consumed in the federation to be “clean energy” by 2050.
The federation will invest the equivalent of $160 billion to meet energy demand growing at 6%/year and to promote sustainable economic growth.
The energy plan unveiled by UAE Vice-President and Prime Minister Mohammed bin Rashid Al Maktoum, emir of Dubai, aims to double the clean-energy share of the energy mix from the present level and to cut carbon dioxide emissions from power generation by 70% by 2050.
The plan seeks energy shares of 44% unspecified clean energy, 38% natural gas, 12% clean coal, and 6% nuclear by the target year. It also pursues a 40% cut in residential energy use.
Mohammed bin Rashid said the effort will save the equivalent of $190 billion.
Late last year, the UAE produced about 3.1 million b/d of crude oil, mostly from Abu Dhabi.
