The UAE cabinet has approved the National Energy Strategy, which aims to triple the contribution of the renewable energy over the next 7 years, as well as the National Hydrogen Strategy, to promote one of the most important types of clean energy.
The strategy is aimed at promoting the UAE’s position as a producer and exporter of low-emission hydrogen over the next eight years through the development of supply chains, the establishment of hydrogen oases and a national research and development centre, reported Wam.
Chairing the cabinet meeting, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, said: “As a result of the accelerated economic growth, we approved the updated UAE National Energy Strategy, which aims to triple the contribution of the renewable energy over the next 7 years, and invest AED150 to AED200 billion ($41 to 54.4 billion) during the same period to meet the country’s growing demand for energy.”
“We also approved the National Hydrogen Strategy, which has recently emerged as one of the most important types of clean energy,” he added.
Sheikh Mohammed also announced that the cabinet has given the go-ahead for the National Electric Vehicles Policy which aims to build a national network of electric vehicle chargers, organising the market of electric vehicles, promoting associated industries to ensure lower emissions, lower energy consumption and maintain the quality of roads.