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UAE aims to reduce energy consumption by 30 pct by 2030

Xinhua, September 6, 2015 Adjust font size:

The United Arab Emirates (UAE) Ministry of Energy signed an agreement Saturday to develop a federal energy services market in a bid to reduce energy consumption by 30 percent, state news agency WAM reported.

The memorandum of understanding (MoU) will covers energy conservation in buildings, especially government headquarters, and explores the potential for launching projects in energy conservation, said the report.

Saeed Mohammed Al-Tayer, the vice chairman of the Dubai Supreme Council of Energy, said the partnership with the ministry of energy supports the UAE's green economy for sustainable development initiative.

This initiative launched by Sheikh Mohammed bin Rashid "aims to make the UAE a world leader in Green Economy, and the Dubai Integrated Energy Strategy 2030 to reduce energy consumption by 30 percent by 2030," said Al Tayer.

"We work on enhancing public and private sector partnerships by conducting energy efficiency projects that will boost opportunities to optimise the use of energy," he added.

Currently, the UAE derives 99 percent of its domestic energy needs from burning oil and gas.

Nuclear energy shall produce up to 25 percent of the Gulf state's electricity needs by 2030, according to the UAE's state-owned Emirates Nuclear Energy Corporation or Enec.

Oil and gas will retain a lion's share of percent while renewable energy sources shall produce up to 10 percent of the Gulf state's energy needs.

Earlier last week, the UAE minister of energy observed the start of construction of the fourth nuclear reactor in the south-west of the country near Barakah.

The first reactor shall produce electricity by 2017, while the fourth reactor will be completed by 2020. Endit