The strategy targets an energy mix that combines renewable, nuclear and clean energy sources to meet the UAE’s economic requirements and environmental goals as follows: The UAE government aims to invest AED600 billion by 2050 to meet the growing energy demand and drive the sustainable growth of the country’s economy.
Key deliverables of the UAE Energy Strategy 2050 include the UAE tripling the contribution of renewable energy in its power mix by 2030, to reduce the effects of climate change and achieve climate neutrality. In addition, some of the emirates have set emirate-specific targets. For example:
The United Arab Emirates (UAE) has continued its development of the renewables sector since 2020. This was published in the renewable energy law and regulation guide.
The Federal Ministry of Energy and Infrastructure regulates the sector at a federal level. Electricity services are expressly reserved to the Federal Government in accordance with article 120 of the UAE Constitution.
In line with the updated objectives of the UAE Energy Strategy 2050, the country will invest between AED 150-200 billion by 2030 to ensure energy demand is met while sustaining economic growth in the UAE.
SEWA is authorised to set electricity tariffs and connection fees, subject to the approval of the Ruler. SEWA’s Vision 2025 includes the aim of transforming Sharjah into a “green giant” and ensuring carbon neutrality in the emirate, including prioritising the synergy between energy efficiency and renewable energy.