UAE Energy Strategy for 2050

Law passed

The aims of the Energy Strategy for 2050 are to increase the contribution of clean energy in the total energy mix to 50 percent by 2050, and to increase consumption efficiency of individuals and corporates by 40 percent. &nbsp; &nbsp;The target for the 2050 energy mix is as follows: 44 percent clean energy, 38 percent gas, 12 percent clean coal and 6 percent nuclear. The current energy needs are met by a mix including over 90 percent natural gas. &nbsp; &nbsp;The strategy is expected to creating savings of AED700 billion (USD190 billion) by 2050. It will be funded with investment of Dh600bn (USD163 biliion) over the next 33 years. &nbsp; &nbsp;The strategy is expected to result in the reduction of 70 per cent in carbon emissions over the next three decades. &nbsp;