Clean energy prices in the UAE are the lowest in the world

 

UAE launched a transparent energy strategy in 2017, and radical developments occurred within the energy sector throughout the past 5 years 

Sherif Al Olama said the costs of fresh energy in the UAE are all-time low in the world.

He supplementary that the UAE encompasses a clear and bold approach to diversifying energy sources and pushing the wheel of the transition to wash energy forward, noting that the country is moving forward with the implementation of the National Energy Strategy 2050 through ambitious projects.

He same that the UAE is that the solely country in the region that possesses peaceful nuclear energy, and that we have four plants in Barakah, adding that the UAE has plans to expand renewable energy and implement new comes in areas akin to atomic number 1 energy, star energy, hydropower and waste-to-energy conversion, with learning solutions. which will be followed with relation to ancient ways of electricity production.

He found out that the UAE seeks to support the low-carbon hydrogen business by making a transparent restrictive system supported by policies, incentives, standards and certificates, and providing advanced technology.

He supplementary that the UAE aims to accumulate 25% of the main atomic number 1 markets, that embody India, Korea, Japan and Germany, in lightweight of the UAE’ strategic location as a link between East and West, which permits the state to play a significant role during this field.

The secretary of the Ministry of Energy and Infrastructure for the Energy and fossil oil Sector indicated that the UAE possesses natural resources, as well as natural gas, which is employed to supply blue hydrogen, additionally to alternative energy to produce inexperienced hydrogen, and also the initial cargo of ammonia was recently celebrated to Germany.

He found out that the country has nice experience within the field of star energy, additionally to very large comes at a cost that’s among all-time low in the world, further as peaceful nuclear energy plants that will contribute to the assembly of “pink atomic number 1.”

He continued, “The UAE has seven strategic hydrogen production projects, because the UAE’ hydrogen production is predicted to succeed in between fourteen and twenty two million tons annually by 2050