The increasing demand for energy has raised concerns about its environmental impact, particularly in terms of greenhouse gas emissions and climate change. Clean energy refers to energy derived from renewable and low-carbon sources that have minimal environmental impact. Clean energy sources include solar, wind, hydro, geothermal, and biomass, Nuclear and Hydrogen and energy generated using fuel cell technology with each offering unique advantages.
The UAE Clean Energy Market volume size was estimated to be 8.5 GW in 2022, and it is projected to reach 16.96 GW by 2030, with a Compound Annual Growth Rate (CAGR) of 9.02% during the forecast period from 2023 to 2030. The increasing adoption of clean energy has been fueled by various factors, including cost reductions, technological advancements, supportive policies, and a growing awareness among the public. Governments, businesses, and individuals are all embracing clean energy solutions to lower carbon emissions, enhance air quality, and achieve energy independence.
Despite possessing the world’s seventh-largest proven oil and natural gas reserves, the UAE is taking proactive measures to diversify its energy mix and economy. In 2021, the country consumed 66 Mtoe of energy, and for the year 2022, clean energy accounted for 19.63% of the energy mix. Within this, renewable energy contributed 12%, while nuclear energy made up 7.55% of the overall energy consumption. These efforts reflect the UAE’s commitment to incorporating cleaner energy sources into its energy landscape.
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