Dubai Clean Energy Strategy 2050 on track
The plan, which seeks to make Dubai a global centre of clean energy and green economy, was officially launched in 2015
The implementation plan for the Dubai Clean Energy Strategy 2050 has been revealed by the Supreme Council of Energy in Abu Dhabi this week.
The plan, which seeks to make Dubai a global centre of clean energy and green economy, was officially launched in 2015 by HH Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The announcement was made as part of the Dubai Supreme Council of Energy’s participation in the World Future Energy Summit (WFES), being held in Abu Dhabi from 16–19 January, 2017.
The strategy intends that 7% of Dubai’s total power output eventually come from clean energy by 2020, 25% by 2030 and 75% by 2050, according to Dubai Media Office.
HE Saeed Mohammed Al Tayer, Vice Chairman of the Supreme Council of Energy said: “In adherence with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Supreme Council of Energy has announced the plan to implement the Dubai Clean Energy Strategy 2050, to ensure the strategy is implemented on time, according to the standards outlined within the framework of the strategy.”
The plan consists of five main pillars that include Infrastructure, legislation, funding, building capacities and skills.
The strategy also includes a $27bn (AED100bn) investment in the Dubai Green Fund, which will provide, through its financial resources, easy loans for investors in the clean energy sector in the emirate at reduced interest rates as well as a $14bn (AED50bn) investment in the second phase of Mohammad Bin Rashid Al Maktoum Solar Park by 2030.