UAE building green communities with govt and private sector support

  • Date: 18-Sep-2022
  • Source: Khaleej Times
  • Sector: Economy
  • Country: UAE
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UAE building green communities with govt and private sector support

As the UAE embarks on a new 50-year cycle of growth to develop the Emirates into the world’s most dynamic economy, the UAE Net Zero by 2050 strategy – the first Middle East and North Africa (Mena) country to set a target to achieve net-zero emissions – will be a key enabler of that vision.

The UAE’s ambitious vision for a path to net-zero lays out a promising roadmap to a future full of abundant opportunities and path-breaking innovation. It significantly boosts the scope for more sustainable developments across the country to protect the national economy, and further burnishes the UAE’s global standing as a future-ready destination for investments.

The projected investment of more than $160 billion announced by the UAE to achieve net-zero by 2050 is certainly an ambitious goal. But with the World Economic Forum (WEF) estimating as much as $23 trillion in reduced annual global economic output globally as a direct consequence of increased emissions, addressing climate change is a collective responsibility shared across the public and private sectors.

The UAE’s efforts are being led by the Ministry of Climate Change and Environment, which is driving collaborations with all industries and government stakeholders to introduce measures to reduce emissions and