THE United Arab Emirates (UAE) government said it plans to invest around $54.5-B or the equivalent of up to 200-B dirhams within the next 10 years.
The strategy is aimed at tripling the contribution of renewable energy by 2030.
The government recently approved a national strategy that is aimed at increasing the country’s investments in hydrogen which recently emerged as one of the most important types of clean energy.
Accelerating the hydrogen economy will enhance the global position of the UAE among the world’s largest producers of low-carbon hydrogen.
It also aims to increase the share of clean energy to 30% of the national total by 2031.
The ambitious target was announced as the country prepares to host the Climate Change Conference (COP28) in November.
