In November 2015, Sheikh Mohammed launched Dubai Clean Energy Strategy. Under this strategy, Dubai aims to produce 75 per cent of its energy requirements from clean sources by 2050. The strategy also aims to make Dubai a global centre of clean energy and green economy. It consists of five main pillars: infrastructure, legislation, funding, building capacities and skills, and environment friendly energy mix.
The infrastructure pillar includes initiatives such as Mohammed Bin Rashid Al Maktoum Solar Park, which is the largest generator of solar energy in the world from a single location with a capacity to produce 5,000 MW by 2030 and a total investment of AED 50 billion.
The legislation pillar focuses on the establishment of a legislative structure supporting clean energy policies in two phases.
The funding pillar includes the establishment of Dubai Green Fund worth of AED 100 billion which will contribute through its financial resources easy loans for investors in the clean energy sector in the emirate at reduced interest rates.
The fourth pillar aims to build human resources capabilities through global training programmes in the field of clean energy in cooperation with international organisations and institutes such as International Renewable Energy Agency (Irena) as well as international companies and R&D centres.
The fifth pillar is focused on creating an environment friendly energy mix comprising solar energy (25 per cent), nuclear power (7 per cent), clean coal (7 per cent) and gas (61 per cent) by 2030. The mix will gradually increase the employment of clean energy sources to 75 per cent by 2050, making Dubai the city with the least carbon footprint city in the world.
Updated on 25 Jul 2022