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The Independent UK

National

Via AP news wire

UAE announces plans to invest $54B in energy and triple renewable sources

UAE Renewable Energy Dubai Masdar Oil United Arab Emirates

Copyright 2022 The Associated Press. All rights reserved.

The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands.

Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president and ruler of Dubai, announced the plans on Monday following a Cabinet meeting. They also include investments in low-emission hydrogen fuel and developing infrastructure for electric vehicles.

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One subscription that gives you access to news from hundreds of sites

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