Bold Move: Government Commits To Triple Renewable Energy Capacity By 2040

Masdar Will Allow The UAE To Grow Its Renewable Energy Portfolio By Four Times

He delivered a keynote address at the Berlin Energy Transition Dialogue Conference 2023.

He asked global and German companies to work with the UAE to build renewable energy projects for business around the world.

He highlighted the UAE’s accomplishments, saying that it had built three of the most expensive single-site solar power plants in the world, and mentioned the report.

The UAE will host the COP28 climate change conference later in the year. The Minister of the UAE stressed that the UAE would do this with a commitment to really correct the course and make meaningful, practical, and transformative progress.

He stated that the Inter-governmental Panel on Climate Change (IPCC) last week sent a clear message to the world and warned that it is losing the race to keep temperatures from rising 1.5 degrees above preindustrial levels.

"We have a limited window of opportunity to make major course corrections. We have time but must act now. By 2030, we must reduce our emissions by 43 percent. Al Jaber stated that we must make these cuts while still meeting the energy demands of a growing population by half a million by 2030.

He said that there was no one-size-fits-all solution. Therefore, it is important to investigate every option, such as renewables, nuclear, hydrogen, or carbon capture.

Al Jaber called on the government to triple renewable energy capacity in seven years and expand it six times by 2040. "That’s 250,000 terawatts, which is a huge target."