The UAE Government made a commitment to invest $163 Billion in clean energy sector recently. This has proved that the future of energy belongs to the renewable.
Unveiling Energy Strategy 2050 and REmap 2030, the government has set a benchmark to follow and milestone to achieve. The plan asserts to bring the contribution of renewable to 50% by 2050.
Although the UAE is an exporter of oil, it is a net importer of gas. The move aims to shift the dependence of the UAE energy source from oil to solar, wind, tidal, natural gas and nuclear.
It shall also address the rising concerns of global warming and international pressures to reduce carbon footprints. With the sun shining for over 300 days in the UAE, it has tremendous potential of Solar Energy.
With Mohammed Bin Rashid Al Maktoum Solar Park under construction, the UAE is all set to light 800,000 homes by 2030. Thus, the cost of power shall be less than 2.67 US cents per kilowatt-hour.
Clean Energy share in total energy production is around 7%. Increasing it to 25% by 2030 and 44% by 2030 is an ambitious target.
This would encourage global energy companies to invest in the UAE. Companies such as Masdar, based in Abu Dhabi has already got a footprint. It was an official host partner to the Solar Impulse 2 which completed two rounds of the globe without using fuel.
The investments shall open up job opportunities for 9000 people by 2020. Therefore, Clean Energy sector is going to be one of the most important drivers of the UAE Economy.
Universities in the UAE have started fresh courses in Masters in Renewable Energy seeing the future prospects. As a result, many online MBA courses in Energy and Sustainability have also begun. In short, the educational institutions along with energy companies do not want to miss an opportunity either.
This is the time for all the environment enthusiasts to assemble, help the nation and the world and make a career out of Clean Energy.