UAE to invest $163bn in renewables January 11, 2017 - 15:08 AMT PanARMENIAN.Net - The United Arab Emirates has said that it intends to invest $163bn in projects to generate half of the nation's power needs from renewables, BBC News reports. The major oil producing Gulf state is hoping to get close to this by 2050 and says it wants to balance economic needs against environmental goals. The UAE has considerable solar power potential and is eager to reduce its use of fossil fuels. The country ranks high in per capita greenhouse gas CO2 emissions. The UAE is eighth on the World Bank's worldwide list of CO2 emissions per capita, below Qatar, Kuwait and Bahrain. UAE Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said it is hoped that by 2050, 44% of the country's energy needs will be provided by renewables, with 38% from gas, 12% from cleaner fossil fuel and 6% from nuclear energy. Writing on Twitter, he said: "The plan aims to increase usage efficiency by 40% and boost clean-energy contributions to 50%. "He who does not think of energy is not thinking about the future. The UAE government has made an achievement in drawing up a unified energy strategy for the country." Dubai and Abu Dhabi in particular have been at the forefront of the UAE's push to plough resources into renewables. Related links:   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Related sections Latest news Armenian, Saudi Foreign Minister meet in Riyadh  The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”.U.S. doesn’t see Russia as contributing to peace in Caucasus Patel made the remarks when asked about the implications of Russia’s withdrawal of peacekeepers from Karabakh.Up to 1% cashback when shopping on Wildberries with IDBank cards IDBank is launching an exclusive campaign on Wildberries for online shopping enthusiasts. |
