Dr. Sultan Al Jaber said, “The UAE Net Zero Strategic Initiative is an open invitation to the world to collaborate with the UAE in developing practical solutions, boosting multilateralism, and creating opportunities for sustainable socio-economic development. Critically, we will leverage the development pathway to net zero as a vehicle to create economic value, increase industrial competitiveness and enhance the UAE’s standing as an attractive destination for investment, in line with the UAE’s vision of progress for the next 50 years. The UAE net zero by 2050 strategic initiative offers new opportunities for economic progress and also further establish the UAE as an ideal location to live, work, raise families and create communities.”
The UAE Net Zero by 2050 strategic initiative aligns with the Paris Agreement, which calls on countries to prepare long-term strategies to reduce greenhouse gas (GHG) emissions and limit the rise in global temperature to 1.5 C compared to pre-industrial levels.
Today’s announcement takes into consideration the needs and priorities of the key economic sectors in the country, and supports their efforts to benefit from green growth opportunities. Federal and local government authorities will be responsible for preparing comprehensive studies and developing plans that introduce the measures necessary to reduce emissions while also ensuring economic growth based on principles of sustainability.
For her part, Mariam Almheiri said, “The UAE is focused on balancing the requirements of economic growth, social inclusion and cohesiveness and limiting the impact of climate change on our environment and natural resources. Our announcement of the Net Zero 2050 strategic initiative is consistent with our drive to diversify and build a knowledge-based economy, adopt the principles of green and circular economy, protect the environment, attract foreign direct investment, and develop competencies in future growth areas,”.
The Ministry of Climate Change and Environment (MOCCAE) will lead and coordinate efforts to execute the UAE Net Zero by 2050 strategic initiative and ensure collaboration at national level to fulfil this objective. Stakeholders in key sectors, such as energy, economy, industry, infrastructure, transport, waste, agriculture, and the environment, will update relevant plans, strategies, and policies, and implement initiatives and projects to achieve net zero by 2050 in line with their needs and growth requirements.
The implementation of the UAE Net Zero by 2050 strategic initiative will entail close cooperation with civil society, foreign governments, and international organizations, including the International Renewable Energy Agency (IRENA), which is headquartered in the UAE and currently engaged with 184 countries.
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