October 8, 2021 Read More →

United Arab Emirates becomes first Gulf petrostate to pledge net zero

Bloomberg ($):

The United Arab Emirates has become the first of the Persian Gulf’s petrostates to commit to eliminating planet-warming emissions within its borders.

“We are committed to seize the opportunity to cement our leadership on climate change within our region and take this key economic opportunity to drive development, growth and new jobs,” said Sheikh Mohammed bin Rashid Al Maktoum, prime minister of UAE and ruler of Dubai. He added that country would invest almost $165 billion in clean energy by 2050.

The new target aligns the UAE with most major economies and the deadline scientists say gives the world some chance of avoiding the worst effects of global warming. The commitment is the latest from countries ahead of United Nations-sponsored climate talks starting later this month in Glasgow, Scotland, and known as COP26.

[Akshat Rathi]

More: UAE Sets 2050 Net-Zero Goal, First Among Gulf Petrostates

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