UAE leads global renewable energy efforts

UAE leads global renewable energy efforts

The Global Renewables Outlook: Energy Transformation 2050 report issued by the International Renewable Energy Agency (Irena), in April this year indicated that the transition to renewables, efficiency and electrification could drive overall socio-economic development, supported by comprehensive policies to cut carbon emissions. The use of hydrogen and synthetic fuels, direct electrification, advanced biofuels and carbon management will be crucial ways to cut CO2 emissions beyond 2050, along with innovative business models, structural changes and behavioural adaptation.The post-Covid recovery An agenda for resilience, development and equality also issued by Irena showed that every one million dollars invested in renewables would create three times more jobs than in fossil fuels. It also notes that increasing government and private sector spending on renewables will provide 19 million jobs by 2030.Strategic planning