QIA investing in zero-emission power generation projects – The Peninsula Qatar

QIA investing in zero-emission power generation projects – The Peninsula Qatar

Doha: In a bid to address the global challenge of climate change, Qatar Investment Authority (QIA) is investing in zero-emission power generation projects.

“As of 2021, almost 50% of Qatar Investment Authority’s infrastructure power generation projects are zero-emission investments with plans to continue to shift further towards greener assets,” the Government Communications Office said in a tweet.

The GCO said that from zero-emission investments to excluding hydrocarbons, the State of Qatar is implementing business-friendly practices to promote sustainable economic growth in the country, in alignment with both Qatar National Vision 2030 and Qatar National Environment and Climate Change Strategy.

The country is marking Qatar Environment Day today.

“The State of Qatar continues to implement business-friendly measures to drive sustainable economic growth and develop its entrepreneurial environment,” it added.

The GCO said that in 2020, QIA announced it would no longer invest in hydrocarbons. “In 2020, Qatar announced its first large scale solar power plant Al Kharsaah. It will provide sustainable, affordable and clean energy expected to be fully commissioned by early 2022.”

In 2019, H H the Amir announced Qatar’s contribution of $100m to support small islands developing states and least developed countries to address climate change and environment challenges during the Climate Action Summit, the