The UAE continues to solidify its position as a global leader in the renewable energy sector, actively driving worldwide sustainable energy growth through substantial investments. With an impressive commitment exceeding $50 billion in renewable energy projects spanning 70 nations, the UAE is poised to inject an additional $50 billion into these initiatives over the coming decade.
From November 30th to December 12th, 2023, the UAE is set to host the 28th Conference of the Parties (COP28), a pivotal event emphasizing collaborative international efforts to combat climate change. COP28 underscores the UAE’s transformative investments and projects, aligning with its unwavering dedication to supporting nations in establishing crucial sustainable ventures rooted in clean energy solutions.
Having pioneered renewable energy solutions for over 17 years, the UAE stands as a regional trailblazer. It was the first country in the Middle East and North Africa to launch a strategic initiative targeting climate neutrality by 2050.
The Abu Dhabi Future Energy Company (Masdar), founded in 2006, serves as a prime example, directing over $30 billion into sustainable projects that deploy innovative technologies to advance global sustainability goals. Masdar’s clean energy portfolio has exceeded 20 gigawatts (GW) in production capacity, spanning more than 40 countries and preventing 30 million tonnes of carbon dioxide emissions annually, equivalent to removing 6.5 million cars from the roads.
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