- The company is set to manage the development of infrastructure for charging electric vehicles.
- The UAE approved a national policy on electric vehicles, aiming to establish a comprehensive network of electric vehicle.
- An additional commitment of $50 billion over the next decade demonstrates the country’s dedication to sustainability.
The company is set to manage the development of infrastructure for charging electric vehicles, oversee the day-to-day operations of charging stations, and formulate a pricing strategy for charging services.
Earlier this year, the UAE approved a national policy on electric vehicles, aiming to establish a comprehensive network of electric vehicle. This policy is expected to contribute to a 20% reduction in energy consumption in the transportation sector.
In May 2023, the Ministry of Energy and Infrastructure in the UAE initiated a goal to promote green mobility, targeting a 50% share of electric vehicles in the total vehicle count on UAE roads by 2050.
During a recent UAE Cabinet meeting by His Highness Sheikh Mohammed bin Rashid Al Maktoum at Expo City Dubai. A study on the actual cost of charging electric vehicles in the country was reviewed.
The Cabinet also approved several strategies to achieve climate neutrality, including the UAE National Energy Strategy 2050. The National Hydrogen Strategy 2050, and the National Electric Vehicles Policy. Additionally, the Carbon Offsetting and Reduction Scheme for International Aviation (Corsia) will be implemented.
The UAE Cabinet endorsed the National Strategy to Combat Desertification (2022-2030), the national green building regulation, the National Guidelines for UAE Biosecurity (2023-2032), and the technical regulation measuring Air Quality.
Ranked second globally in the Energy Transition pillar of the Green Future Index (GFI) 2023, the UAE has invested over $50 billion in renewable energy projects across 70 countries. An additional commitment of $50 billion over the next decade demonstrates the country’s dedication to sustainability.
“In 2023, we issued more than 60 policies, initiatives and decisions to promote the UAE’s efforts to combat climate change and its impact,” said Sheikh Mohammed.
“We approved 10 new initiatives and decisions to achieve our national objectives on the environment, including the framework of the National Biodiversity Strategy 2031 to protect, monitor and develop ecosystems and local species, as well as raising the efficiency of our national cadres in this field. We also approved a global initiative to de-carbonize waste; the national carbon credits registration system which enables government and private institutions to assess and document their contributions to reducing carbon emissions with government certificates,” he said.
The meeting gave the green light to the National Biodiversity Strategy 2031 framework. This strategy aims to restore and rehabilitate 80% of degraded land and marine areas. It also focuses on preserving a minimum of 21% of both land and marine ecosystems while working towards enhancing the status of endangered native species by 10%.
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