UAE boosts energy transition readiness
31 May 2020
The UAE has made significant improvements on both the current performance of its energy system, as well as the readiness for energy transition, according to World Economic Forum.
“Progress on economic growth and energy security components remains strong in the UAE. The country leads on the stability of institutions and regulatory framework – which remain critical enablers of energy transition,” said WEF’s “Fostering Effective Energy Transition 2020” report published on Wednesday.
According to the report, further improvements can be unlocked through investment in future ready energy infrastructure- such as negative emission technologies, green hydrogen, and smart grids.