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

  • Country won’t have to end oil and gas exports to meet target
  • Target will likely go down well with the U.S., EU and U.K.
Dubai Prepares For World Expo 2020
Photographer: Christopher Pike/Bloomberg
Updated on

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.