UAE to invest $160bln in clean, renewable energy sources in next 30 years

UAE to invest $160bln in clean, renewable energy sources in next 30 years

The expert dialogue was on the collaborative action Middle East leaders must take to navigate between net-zero ambitions and socioeconomic realities. It came at a critical time, with the next two United Nations Climate Change Conferences, COP27 and COP28, both set to be hosted in the region, by Egypt and the UAE respectively.

Moderated by The National Editor-In-Chief, Mina Oraibi, the session convened leaders in government and business to share their insights on the path to a more resilient and sustainable future.

Besides Al Marri, the key participants included Faisal Alibrahim, Minister of Economy and Planning in Saudi Arabia, Badr Jafar, the CEO of Crescent Enterprises, Yousuf Mohamed Al Jaida, the CEO of Qatar Financial Centre and Lamya Al Haj, the Associate Professor of Molecular Biology at Sultan Qaboos University.

"The creation of the company Masdar, the implementation of solar panels, global projects helping the world to diverse their energy supply, all show the UAE’s investment in future energy security. The investment in diversifying energy aspects is important and vital for any future development of the region," he added.

According to experts, the Middle East and North Africa (Mena) is one of the most climate-vulnerable regions, with the destructive impact of climate change becoming