UAE announces plans to invest $54B in energy and triple renewable sources – Eco-friendly initiatives

The United Arab Emirates (UAE) is set to embark on an ambitious initiative to triple its renewable energy supply, backed by a substantial investment of up to $54 billion over the next seven years. The announcement was made by UAE’s vice president and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, following a recent Cabinet meeting.

The UAE, a major oil-producing nation, has previously committed to achieving carbon neutrality by 2050 and is gearing up to host the COP28 climate summit later this year. This new initiative underscores the nation’s dedication to sustainable energy practices and aligns with its broader goals of environmental responsibility and diversification of its energy portfolio. Looking at things from a different angle, in the long run, this will draw in more tourists as well. With sustainable tourism on the rise, Abu Dhabi resorts the likes of Desert Islands Resort & Spa by Anantara will be able to see an increased number of travellers who are interested in environmental responsibility in the future due to these initiatives.