UAE among top 10 across 12 energy transition indicators

  • Date: 21-Apr-2021
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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UAE among top 10 across 12 energy transition indicators

The UAE has been ranked in the top 10 in 12 of the World Economic Forum's (WEF) indicators for fostering energy transition as the country attempts to move towards clean energy.These indicators include the electrification rate, solid fuels use, quality of electricity supply, share of electricity from coal generation, diversification of import counterparts, wholesale gas price and factors relating to energy imports, laws and infrastructure.The WEF stated that the UAE ranks second regionally after Qatar and 64th globally on the Energy Transition Index (ETI) 2021 and that the country's performance has seen a very positive and steady improvement over the last decade, indicating its readiness towards full energy transition.Is also said that the UAE leads on the stability of institutions and regulatory framework, which are critical enablers of energy transition and is making strong progress on economic growth and energy security components remain strong.The country, which announced in 2017 that it aims to use 50 percent clean energy by 2050, can make further improvements by targeting reduction in carbon intensity of the energy mix, and by pursuing pathways to decouple economic growth from energy consumption, and it must take steps to diversify away from fossil fuel, the WEF said.“The UAE's