The Vice President and Prime Minister of the United Arab Emirates and Emir of Dubai just announced he wants the emirate’s rooftops coated in solar panels by no later than 2030. According to The National, Sheikh Mohammed bin Rashid Al Maktoum announced the Dubai Clean Energy Strategy 2050 late last week with aims to make the emirate a global hotspot for green energy. Included in the plan is an initiative to put solar panels on every single roof in the city over the next 15 years.
Sheikh Mohammed bin Rashid also unveiled plans for a new “free zone” called the Dubai Green Zone, which is designed to attract research and development centers and emerging clean energy companies to the city. The plan includes a more than $27 billion USD Dubai Green Fund in the form of “easy loans for investors in the clean energy sector” with low interest rates.
The overall Dubai Clean Energy Strategy sets out a target of 7 percent clean energy for the city by 2020, with further targets of 25 percent by 2030 and 75 percent by 2050. The Mohammed bin Rashid Al Maktoum Solar Park alone will pump out a whopping 5,000 megawatts of power by 2030.
“The strategy aims to provide 75 per cent of the emirate’s energy through clean energy sources by 2050, reflecting our commitment to establish a sustainable model in energy conservation which can be exported to the whole world, and support economic growth without damaging the environment and natural resources,” Sheikh Mohammed said.
Via The National