Emirates .. green investments enhance the sustainability of the economy

Abu Dhabi, March 16/ WAM/ The UAE applies a proactive and integrated approach in supporting green investments and enhancing building a sustainable economy, by launching many prominent national initiatives and strategies, such as “Emirates Energy Strategy 2050” and “Strategic Initiative to achieve climate neutrality 2050”.
The UAE’s efforts and leadership in the field of renewable energy enjoyed wide international appreciation, as the UAE seeks to provide an attractive investment environment for green investments by providing incentives and facilities for investors, in addition to strengthening the partnership between the public and private sectors by launching many joint projects.
The UAE has issued many legislation that regulates and supports this trend, such as Federal Law No. 24 of 1999 on environmental protection and its development, as well as the launch of the “National Environmental Sustainability Framework”, which includes all national strategies and policies that manage environmental work in the country and enhance the quality of life.
The Emirates Energy Strategy 2050, which was launched in 2017, aims to double the contribution of renewable energy 3 times by 2030, as national investments estimated between 150 to 200 billion dirhams are expected to meet the increasing demand for energy.
In the context of strengthening its environmental obligations, the UAE recently launched the “Decree Law No. 11 of 2024” on reducing the effects of climate change, which will come into effect in May 2025.
This decree aims to achieve effective emission administration, ensuring the effective contribution of the state to international efforts to reduce the repercussions of climate change, in order to achieve climate neutrality.
The UAE keeps pace with global developments in the field of sustainability by updating the legislation regulating green investments.
The goals of the “Emirates Green Development Strategy” are to make the country a global leader in the green economy and a major center for exporting green products and technologies, which contributes to maintaining a sustainable environment that supports long -term economic growth.
The Emirati strategy covers all aspects of the green economy, as the country records a remarkable growth in renewable energy investments, thanks to the availability of natural resources such as solar energy and wind energy, and the state focuses on encouraging investments in sustainable transport, in addition to supporting the waste recycling sector.
The UAE implemented a group of entrepreneurial projects such as “Nour Abu Dhabi Station”, which is the largest solar energy station in the world, and the “Mohammed bin Rashid Al Maktoum Solar Energy Complex”, which is the largest solar energy project in one location in the world, and “Masdar City” that was designed to be one of the most sustainable cities in the world that depends on renewable energy and clean technology.
The UAE has made advanced stages in building a sustainable transport sector by supporting clean mass transport solutions and encouraging the spread of electric cars.
The Dubai Metro is one of the largest public transport projects in the region and contributes to reducing traffic congestion and reducing carbon emissions, while the Ministry of Energy and Infrastructure continues its efforts in strengthening the sustainable transportation system through the development of infrastructure for electric cars, as it aims to install more than 500 charging stations for electric vehicles by the end of 2025.
In turn, the Dubai Electricity and Water Authority provides a network of about 740 charging points for electric cars, while aiming to increase the number to 1,000 by the end of this year, which enhances the state’s efforts to reduce carbon emissions and support the transformation into clean transportation.
In the field of recycling, the UAE worked to encourage this approach by reducing the waste that goes to dumps through many companies and initiatives, until it came to the recycling of electronic waste, as the UAE hosts the largest e -waste recycling facility in the Middle East “Infirriv”, which annually treats about 40 thousand tons of electronic waste.
The UAE has proven its ability to become a model to support the financing of environmental initiatives, as the UAE ranks first in the region and the second globally in the size of the existing sustainability sukuk, which reflects its steadfast commitment to promoting sustainability as a basic part of its green growth strategy.
UAE investments in solar energy and green hydrogen projects are the main pillars of climate neutrality by 2050.

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