His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has launched the Dubai Clean Energy Strategy 2050, which aims to make Dubai a global centre of clean energy and green economy. 75% of the emirate’s energy will come from clean energy sources by 2050, thus establishing sustainable model in energy conservation to be exported to the whole world, and to support economic growth to protect the environment and natural resources and to foster coming generations for a more sustainable future. In this context, Dubai will become the city with the least carbon footprint in the world by 2050 with sustainable economic sectors based on non-renewable energy resources and are unaffected by volatile energy prices.
International companies and R&D centres are called upon to make Dubai a base for testing and applying the next generation of clean energy technologies to create a global model that can benefit the world.
The launched strategy has ambitious goals and consists of five main clear pillars: Infrastructure, legislation, funding, building capacities and skills, environment friendly energy mix.
The infrastructure pillar includes building a Solar Park for generation of the largest solar energy in the world from a single location with a capacity of 5,000 MW by 2030. The second pillar is establishment of a legislative structure supporting clean energy policies in two phases. Dubai Green Fund, i.e. the third pillar is related to financing solutions for investment in research and development on clean energy and its application. The fourth pillar aims to build human resources capabilities through global training programmes in the field of clean energy in cooperation with international organisations and institutes. The fifth pillar is focused on creating an environment friendly energy mix comprising solar energy, nuclear power, clean coal and gas.