Tuesday, January 10, 2017

United Arab Emirates to invest $163bn in renewables

The United Arab Emirates has said that it intends to invest $163bn (£134bn) in projects to generate half of the nation's power needs from renewables.

The major oil producing Gulf state is hoping to get close to this by 2050 and says it wants to balance economic needs against environmental goals.

The UAE has considerable solar power potential and is eager to reduce its use of fossil fuels.

The country ranks high in per capita greenhouse gas CO2 emissions.

The UAE is eighth on the World Bank's worldwide list of CO2 emissions per capita, below Qatar, Kuwait and Bahrain.

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