UAE RENEWABLE ENERGY - TARGETS AND BEYOND
To support the UAE in achieving its 44% renewable energy target by 2050
Clean energy is vital for the world to meet the targets of the Paris Agreement. Although these are relatively early days, in many countries it’s already cheaper to generate renewable energy than using fossil fuels. Portugal, Germany and Scotland have been entirely sustained by renewable energy for days on end. And closer to home, several projects in Abu Dhabi and Dubai have set the lowest ever costs for solar energy production.
In January 2017, the UAE announced a National Energy Plan 2050 which includes a renewable energy target of 44%, reducing carbon emissions by 70%, and increasing energy efficiency by 50%. This is a good step in the right direction for supporting global efforts to reach the Paris Agreement targets.
RENEWABLE ENERGY IN THE UAE – BEYOND 2050
For a country to achieve any renewable energy targets, it requires a solid policy framework. Our project aims to support the UAE by recommending the most relevant policies to achieve 44% renewable energy by 2050 – based on input by the very sectors and stakeholders most impacted by its uptake. What’s more, we plan to work closely with all key players to make sure our recommendations are the best way forward for the country – providing real opportunities for socioeconomic growth.
A WIN-WIN FOR THE PUBLIC AND PRIVATE SECTOR
As renewable energy infrastructure costs keep falling and technologies improve, the time is ripe to capitalise on smart grids and cheaper energy sources – especially solar.
This will provide new opportunities for economic growth, with a vast new industry and diversification away from oil and gas. It will benefit national security, creating a reliable, affordable and sustainable source of energy for future generations. And it will improve the wellbeing of society: reducing pollutants, improving air quality and lessening the impacts of climate change.
Globally, 90% of the emission-reduction required to meet Paris targets will come from renewable energy and energy efficiency – this is according to the IEA-IRENA report “Perspective for Energy Transition – Investment Needs for a Low Carbon Energy Transition”. The cumulative gain from now until 2050 through these measures will amount to $19 trillion.
WHAT EWS-WWF IS DOING
EWS-WWF embarked on a project on renewable energy in the UAE, in 2017, to accelerate the expansion of renewable energy in the country and support the UAE in achieving its 44% renewable energy target. Baringa Partners is a knowledge partner on the project, and the project is supported by The Sustainable City, Dubai.
Enabling the UAE’s Energy Transition: Top Ten Priority Areas for Renewable Energy Policymakers
As part of its renewable energy engagements, EWS-WWF lent its strategic and scientific support to the UAE Ministry of Energy and Industry. In partnership with the Ministry and with support from The Sustainable City and Khidmah, EWS-WWF developed the report, ‘Enabling the UAE’s Energy Transition,’ which provides science-based, stakeholder-driven policy recommendations to achieve the goals of the UAE National Energy Plan 2050.
The report is informed by extensive stakeholder consultations, ensuring that locally relevant opportunities and challenges are adequately considered. Building on the current efforts of the Ministry of Energy and Industry, the report highlights that it is key for the UAE to continue developing an effective renewable energy policy framework, with a complementary target and strategy for reduction of the country’s carbon emissions. It encourages policymakers to work together to develop innovative green finance mechanisms, promote competition amongst emerging technologies, and effectively use and develop electricity networks, amongst other measures. Implementing an energy plan guided by the report’s recommendations will contribute to energy security, emissions reductions, economic growth, and job creation.
WHAT YOU CAN DO NOW
Dynamic and innovative partnerships are the key to real progress. Our process is collaborative and we will be engaging with multiple stakeholders throughout the project, sharing the results during one-to-one meetings and roundtables across all sectors. The UAE, its government and business leaders, have the power drive this change here in the region.
So please, support us and join us through our research and findings.