UAE leads on global climate action through green economy plans

  • Date: 23-Jun-2021
  • Source: Emirates Business
  • Sector:Economy
  • Country:UAE
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UAE leads on global climate action through green economy plans

DUBAI / WAM

The UAE attaches great importance to protecting the environment in its development policy, an approach it has adopted since 2012 through the 'UAE Green Growth Strategy', to transform its economy into a green economy by utilising modern technologies, knowledge, and innovation. The green and digital economy will become the starting point for recovery after the Covid-19 pandemic, the UAE has announced. The leadership considers the green economy as a tool to control economic growth and direct it towards sustainable development. It also focuses on protecting the environment, climate, natural resources and improving the quality of life. The UAE has won international leadership positions in the competitiveness indicators of the energy sector in general, and clean energy in particular, after seven international references agreed to classify it among the top 10 countries in the world with 18 sector-specific indicators in 2020. Despite the major challenges and economic slowdown worldwide in 2020, renewable energy has surfaced as a real alternative that heralds a better future.

The International Renewable Energy Agency (IRENA), stated that production capacity from renewable energy reached record levels surpassing past amounts and estimates. Some 260 gigawatts (GW) of renewable energy were added globally, making around a 50 percent