‘US$50bn investment a milestone in UAE’s climate action efforts’

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  • The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts
  • The amount will be utilized to scale up climate action efforts through the deployment of clean energy solutions in UAE and abroad

UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri said the announcement by President Sheikh Mohamed bin Zayed Al Nahyan of plans to invest an additional US$50 billion through clean energy solutions at home and abroad is another milestone in the country’s track record.

The UAE President made the announcement on Friday as part of his participation in the Leaders Meeting of the Major Economies Forum on Energy and Climate.

“Due to the future-oriented vision of its wise leadership, the UAE has joined the countries at the forefront of the fight against climate change. We have issued environmental protection laws and strategies and rolled out relevant initiatives,” Almheiri said.

“We have also adopted a proactive approach to promoting clean energy solutions as the sustainable, alternative energy sources of tomorrow,” she said.

The minister said that with its commitment to climate action and the Paris Agreement, the UAE has introduced multiple roadmaps along the way that reaffirm its keenness to build a sustainable future.

These include the UAE Hydrogen Leadership Roadmap that seeks to position the country as a leading producer and exporter of green and blue hydrogen in pursuit of net zero, and the UAE Net Zero by 2050 Strategic Initiative, the first of its kind in the MENA region.

Almheiri said, “Our country has repeatedly underscored its dedication to developing and implementing long-term strategies aimed at reducing greenhouse gas (GHG) emissions and limiting global warming, as is evident in its Nationally Determined Contribution (NDC).”

She said, “As we gear up to host the 28th UN Climate Change Conference (COP28) next year, we remain determined to enhance environmental protection and advance government agendas.”

Almheiri said that the UAE is determined to, “boost the participation of the private sector through driving innovation and developing cutting-edge climate-smart technologies in the agriculture and food sectors to conserve natural resources.”

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