70 green energy projects worldwide

The UAE will also use COP28 as a platform to boost investments in green energy production globally as it works to become a key actor in this space. The UAE already has the world’s most cost-effective solar energy production system and the Middle East and North Africa’s highest percentage of renewable energy in its mix, with 3.058 megawatts of capacity. Accelerating green energy industrial development is central to the UAE’s Net Zero by 2050 strategy, and the country has to date invested over $16.8 billion in 70 green energy projects worldwide Yet, neither the UAE nor any other GCC country, despite some sizable pledges and large-scale projects, are yet on track to meet their self-declared green energy targets. Saudi Arabia, the UAE, and Oman aim to generate between 20 per cent and 50 per cent of their domestic energy needs from renewable สล็อต เว็บตรง