Thursday, 7 October 2021

#UAE Sets 2050 Net-Zero Goal, First Among Major Gulf Petrostates - Bloomberg

UAE Sets 2050 Net-Zero Goal, First Among Major Gulf Petrostates - Bloomberg


The United Arab Emirates has become the first of the Persian Gulf’s petrostates to commit to eliminating planet-warming emissions within its borders.

“The UAE net-zero initiative will provide us with precision and boost our efforts to accelerate the energy transition,” the Department of Energy of Abu Dhabi, the capital, said in a statement.

Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, earlier said the UAE would invest almost $165 billion in clean energy by 2050.

The new target aligns the UAE with most major economies and the deadline scientists say gives the world some chance of avoiding the worst effects of global warming. The commitment is the latest from countries ahead of United Nations-sponsored climate talks starting later this month in Glasgow, Scotland, and known as COP26.

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