United Arab Emirates is to implement key domestic policy reforms, including the tripling of renewable energy targets in Dubai, to improve the development of renewable energy projects in the country.
The state-run news agency WAM has also reported that UAE is also expanding the renewable energy aid programme.
Since 2013, more than $750 million were allocated to developing countries from the fund.
UAE made the announcements at the UN Sustainable Energy for All (SE4A) Forum.
“Sustainable energy is the cornerstone of our economic development goals and foreign policy,” Dr Sultan Al Jaber, minister of state, chairman of Masdar and member of SE4A advisory board.
“The UAE is committed to developing and deploying renewable energy, both domestically and internationally, to enhance energy security, ensure sustainable economic development and mitigate climate change.”
UAE also announced new commitments under the Abu Dhabi Fund for Development’s partnership with the International Renewable Energy Agency, or IRENA.
Further the country also announced 11 projects under the $50m grant UAE-Pacific Partnership Fund, which aids Pacific Ocean small island states.
According to the UAE government, the country was the first to endorse the UN initiative to bring power to 1.3 billion people currently living without energy by 2030.
Ajith Kumar S