The UAE has announced the UAE Net Zero by 2050 strategic initiative, a national drive to achieve net-zero emissions by 2050, making the emirates the first Middle East and North Africa (MENA) nation to do so.
The initiative, announced at Expo 2020 Dubai in the presence of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, aims to underpin dynamic economic growth alongside positive environmental impact.
Commenting on the announcement, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said: “We are committed to seize the opportunity to cement our leadership on climate change within our region and take this key economic opportunity to drive development, growth and new jobs as we pivot our economy and nation to net zero. With an investment of over AED600 billion in renewable energy, our vision for a clean future is clear.”
The announcement aligns with the Principles of the 50 – the UAE’s roadmap for accelerating national economic development to mark the country’s golden jubilee year, as the nation enters a new 50-year cycle of growth. The major economic opportunities offered by the path to net zero directly support a vision to develop the Emirates into the most dynamic economy in the world.
The announcement was made at the conclusion of a government-wide accelerator programme initiated earlier this year. The Government Accelerator for Climate Ambition and Economic Development took a holistic approach to developing the framework for the UAE’s pathway to net zero, leveraging strategies for green economic growth and job creation.