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UAE commits $163 billion to renewable energy

Climate Finance

The United Arab Emirates, one of the world’s leading oil producers, is aiming to generate close to 50 percent of its energy from renewables by 2050. The fossil-fuels dependent country has the eighth highest per capita CO2 emissions in the world. Dubai and Abu Dhabi, the two biggest emirates, have been ramping up solar investments. The $1.5 million Zayed Future Energy prize will be awarded in Abu Dhabi next week.

Photo credit: FastCoDesign

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