Abu Dhabi outlines 2050 energy, water strategy
The strategic framework is based on four main objectives: Ensuring secure and sustainable supply, achieving the highest levels of efficiency in supply and demand, supporting decarbonisation efforts through smart and economically efficient means, and maximising the economic value of energy and water resources.
It also includes the implementation of key programmes such as digital transformation, expanding investments in artificial intelligence, enhancing international partnerships, developing national talents, and regulatory reforms aimed at encouraging private sector participation and attracting international investors.
The plan aims to attract up to AED400 billion in foreign direct investment by 2050 and increase local content in key supply chains to 65 per cent, along with achieving 100 per cent Emiratisation of critical jobs in the sector.
It's also strengthens economic growth opportunities by attracting capital and global technologies.
This announcement comes in light of the rapid economic growth witnessed by the emirate, with its GDP surpassing the one trillion dirham mark, reinforcing its position as one of the fastest-growing economies globally. The energy and water sector has played a vital role in supporting this exceptional growth.
Dr. Abdulla Humaid Al Jarwan, Chairman of the Abu Dhabi Department of Energy, said the "strategic framework represents a comprehensive roadmap for the future of the energy and water sector in the Emirate...built upon an ambitious vision aimed at transforming the sector into a global model of efficiency, innovation, and sustainability, in line with (the) leadership's aspirations to build a diversified, net-zero economy by 2050.'
He added, 'We continue working to cement Abu Dhabi's position as a global hub for innovation in energy, powered by artificial intelligence and advanced digital solutions.'
The Department of Energy reaffirmed its commitment to leading the development of policies, strategies, and regulatory systems for the sector, emphasised strengthening cooperation with local and international entities and empowering society to contribute to the journey toward a more prosperous and sustainable future.
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