The UAE has invested more than $40 billion in clean energy over the last 15 years, and has plans to invest an additional $160 billion in clean and renewable energy sources over the next three decades on the road to net zero, said a senior minister at the World Economic Forum in Davos, Switzerland.
"Energy security is a high priority. And it’s something we need to really understand. The fragmentation that’s happening globally, and energy supplies, will really affect the aspects of energy going forward. With that, the UAE has a long-term plan." remarked its Minister of Economy Abdulla Bin Touq Al Marri, while giving a talk on a session titled 'Transitioning to a Green Middle East.'
The expert dialogue was on the collaborative action Middle East leaders must take to navigate between net-zero ambitions and socioeconomic realities. It came at a critical time, with the next two United Nations Climate Change Conferences, COP27 and COP28, both set to be hosted in the region, by Egypt and the UAE respectively.
Moderated by The National Editor-In-Chief, Mina Oraibi, the session convened leaders in government and business to share their insights on the path to a more resilient and sustainable future.
Besides Al Marri, the key participants included Faisal Alibrahim, Minister of Economy and Planning in Saudi Arabia, Badr Jafar, the CEO of Crescent Enterprises, Yousuf Mohamed Al Jaida, the CEO of Qatar Financial Centre and Lamya Al Haj, the Associate Professor of Molecular Biology at Sultan Qaboos University.
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