UAE to save $190bn with new energy strategy, says minister

Suhail bin Mohammed Faraj Faris Al Mazrouei UAE energy strategy to save up to AED700 billion by 2050

UAE Energy Minister, Suhail al-Mazrouei. (Nezar Balout/AFP/Getty Images)

UAE Energy Minister, Suhail al-Mazrouei. (Nezar Balout/AFP/Getty Images)

The UAE will save more than $190 billion (AED700bn) by 2050 with its new energy strategy, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy.

Al Mazrouei, in a statement published as part of the ministry's Energy 2017 report said the UAE 2050 strategy "adopts 50% of the sources of power generation as green sources, and the UAE will be one of the first countries in the world in the reduction of consumption and culture of conservation."

The minister said the Energy 2017 report reviews the country’s efforts to diversify sources of energy and develop efficient solutions to rationalise energy consumption in line with the UAE Vision 2021 on lowering carbon emissions in unison with international efforts made in this respect.

It also includes 57 reports written by leading researchers, writers, and decision makers specialising in areas of energy in the UAE.

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