Sheikh Mohammed bin Rashid Al Maktoum said that the UAE Energy Plan 2050 is targeting an mix that combines renewable, nuclear and clean energy sources. He added that the UAE aims to invest AED600bn by 2050 to meet growing demand and ensure the sustainable growth of the UAE economy. “Our new energy plan balances supply and demand, and takes into consideration our international commitments in terms of the environment,” he said. “It also seeks to ensure a conducive economic environment for growth across sectors.”
The strategy aims to increase the contribution of clean energy in the total energy mix to 50%, which is intended to enable savings of AEDbn by 2050. The strategy aims to increase consumption efficiency of individuals and corporates by 40%.
The plan is a joint effort of all energy-related authorities and all executive councils in the UAE, and was developed under the supervision of the federal government represented by the Ministry of Energy and the Ministry of Cabinet Affairs & the Future.
“Ensuring the sustainability of energy resources guarantees the sustainability of our country’s growth,” said the prime minister. “Drafting the first unified energy strategy in the country based on supply and demand is a significant achievement of the government. He who does not think of energy is not thinking about the future.”
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