As the UAE embarks on a new 50-year cycle of growth to develop the Emirates into the world’s most dynamic economy, the UAE Net Zero by 2050 strategy – the first Middle East and North Africa (Mena) country to set a target to achieve net-zero emissions – will be a key enabler of that vision.
The UAE’s ambitious vision for a path to net-zero lays out a promising roadmap to a future full of abundant opportunities and path-breaking innovation. It significantly boosts the scope for more sustainable developments across the country to protect the national economy, and further burnishes the UAE’s global standing as a future-ready destination for investments.
The projected investment of more than $160 billion announced by the UAE to achieve net-zero by 2050 is certainly an ambitious goal. But with the World Economic Forum (WEF) estimating as much as $23 trillion in reduced annual global economic output globally as a direct consequence of increased emissions, addressing climate change is a collective responsibility shared across the public and private sectors.