Search Site

Trends banner

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

Climate change fight a priority for COP 28 host

  • Abu Dhabi has committed more than $20 billion to renewable energy programs through Masdar, which has expanded the UAE’s renewable energy portfolio 400 percent in the last 10 years.
  • The UAE has three of the world’s largest solar plants and is rapidly building more.

The United Arab Emirates will host the COP 28 next year, which will be focusing on solutions to climate change.

To contribute toward the global efforts at containing climate change, the UAE is one of the leading countries in the world that have invested heavily in clean energy and emission-cutting technologies, making  such efforts as the essential part of its transformative vision.

Solar energy, according to the government, is available at 1.35 cents per kilowatt hour. The UAE has three of the world’s largest solar plants and is rapidly building more.

Abu Dhabi has committed more than $20 billion to renewable energy programs through Masdar, which has expanded the UAE’s renewable energy portfolio 400 percent in the last 10 years.

Masdar focuses on the development and commercialization of technologies in renewable energy, energy efficiency, carbon management and monetization, water usage and desalination.

Dubai is implementing a “Smart City” strategy, focusing on 1,000 government services and development in six main areas.

Here is a look at how UAE is playing a role in combating climate change: