7DAYS.ae: Dhs50 billion clean energy drive launched for Dubai

This content was originally posted in 7DAYS UAE website at: Dhs50 billion clean energy drive launched for Dubai Three quarters of Dubai’s energy will come from clean sources by 2050 under plans unveiled yesterday by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Sheikh Mohammed launched a Dhs50 billion Dubai Clean Energy Strategy 2050 during the inauguration of the second phase of the Mohammed bin Rashid Al Maktoum Solar Park at Al Marmum in Dubai. The strategy, which aims to make the emirate a global centre of clean energy and green economy, has set goals of providing 7 per cent of Dubai’s energy from clean sources by 2020. The target increases to 25 per cent by 2030 and 75 per cent by 2050. The strategy is based on five main pillars: infrastructure, legislation, funding, building capacities and skills and environment friendly energy mix. “The strategy that we are launching today will shape the energy sector in Dubai over the next three decades,” said Sheikh Mohammed. “It aims to provide 75 per cent of the emirate’s energy through clean energy sources by 2050, reflecting our commitment to establish a sustainable model in energy conservation which can be exported to the whole world, and support economic growth without damaging the environment and natural resources. “Our goal is to become the city with the least carbon footprint in the world by 2050.” He added: “Every investment in the development of clean energy sources is at the same time an investment to protect the environment for future generations. It is an effort to build our sustainable economic sectors which do not depend on non-renewable energy resources and are unaffected by volatile energy prices. “Through this strategy, which is based on innovation, research and development, we aim to explore the future of the energy sector to unveil initiatives that will make use of the scientific and technological developments in this sector and take the lead in their development and application.” news@7days.ae Read original post at: Dhs50 billion clean energy drive launched for Dubai