UAE and World Economic Forum unite

 

UAE

Borge Brende, President of the WEF, announced that the organisation will work with the UAE Cop28 presidency "to accelerate public-private solutions for climate and nature" ahead of the climate conference in November.

Mr Brende, a former Norwegian minister of foreign affairs, said "multi-stakeholder action has never been more needed" while announcing the partnership on social media on Friday. 

The UAE in October 2021 set out an ambitious strategic initiative to eliminate carbon emissions by 2050.

The net-zero plan will involve Dh600 billion ($163.37 billion) being invested in clean and renewable energy sources in the next three decades.

The Barakah Nuclear Energy Plant, in Al Dhafra region of Abu Dhabi, is a key pillar of this long-term vision.

Once fully operational, it will provide 25 per cent of the UAE's electricity needs without carbon emissions.

In November, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, revealed plans to make public transport in the emirate emission-free by 2050.

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