The UAE’s new energy strategy is set to save up to AED700 billion by 2050, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy.
The minister made the statements in an inaugural word published as part of the ministry's Energy 2017 Report on the best practices of the UAE and all energy-related agencies, reported WAM.
He added that the UAE 2050 strategy "adopts 50% of the sources of power generation as green sources, and the UAE will be one of the first countries in the world in the reduction of consumption and culture of conservation."
The report reviews the country's efforts to diversify sources of energy and develop efficient solutions to rationalise energy consumption in line with the UAE Vision 2021 on lowering carbon emissions in unison with international efforts made in this respect, said the minster.
It also includes a number of chapters on the Energy State, Future of Energy, Energy and Innovation, Green Cities and Production of Energy, Energy and Climate Change, Energy and Transportation, Renewable Energy, Clean Energy & Alternative Energy, besides 57 reports written by leading researchers, writers, and decision makers specialising in areas of energy in the UAE.