UAE to invest $35bn in clean energy by 2021
Energy minister's aim is to increase the share of renewable energy to 30% and to reduce that of natural gas to 70%
Low oil prices are prompting the hitherto fossil-fuel addicted Gulf oil producers to re-evaluate energy strategies. In the latest sign of the region’s tilt towards heightened energy efficiency, UAE energy minister Suhail al-Mazrouei told an Abu Dhabi energy conference 4 October that the country would invest $35bn in clean energy by 2021, with the focus on nuclear and solar projects. Mazrouei’s aim is to increase the share of renewable energy to 30% and to reduce that of natural gas to 70%, compared with its near 100% share of power generation feedstock. Energy efficiency has found renewed traction on the Arabian peninsula recently, with economic arguments to the fore in driving policy. The
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