{"id":415,"date":"2023-12-31T14:36:40","date_gmt":"2023-12-31T14:36:40","guid":{"rendered":"https:\/\/theuaeweekly.com\/uae-is-investing-more-in-renewable-energy-than-in-oil-energy-minister-says\/"},"modified":"2023-12-31T14:36:40","modified_gmt":"2023-12-31T14:36:40","slug":"uae-is-investing-more-in-renewable-energy-than-in-oil-energy-minister-says","status":"publish","type":"post","link":"https:\/\/theuaeweekly.com\/en\/uae-is-investing-more-in-renewable-energy-than-in-oil-energy-minister-says\/","title":{"rendered":"UAE is investing more in renewable energy than in oil, energy minister says"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"default__StyledText-sc-1jtxuc8-1 jQghZF body-paragraph\">The UAE, the Arab world\u2019s second-largest economy, is investing &#8220;way more&#8221; in <a href=\"https:\/\/www.thenationalnews.com\/climate\/road-to-net-zero\/2023\/11\/22\/masdar-and-emirates-steel-arkan-team-up-to-develop-green-hydrogen-project-in-abu-dhabi\/\" target=\"_blank\" rel=\"noopener\">renewable energy<\/a> than in oil and gas, Minister of Energy and Infrastructure Suhail Al Mazrouei said on Monday.<\/p>\n<p class=\"default__StyledText-sc-1jtxuc8-1 jQghZF body-paragraph\">The Emirates&#8217; investments in clean energy surpass the investments in hydrocarbons, but funding <a href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2023\/09\/20\/more-than-250-organisations-call-for-tripling-renewable-power-capacity-by-2030\/\" target=\"_blank\" rel=\"noopener\">oil and gas projects<\/a> is necessary to avoid high prices going into the transition, Mr Al Mazrouei said during a panel session at the Cop28 climate summit.<\/p>\n<p class=\"default__StyledText-sc-1jtxuc8-1 jQghZF body-paragraph\">If not done correctly, higher oil and gas prices could \u201chinder\u201d the transition to clean energy in many countries where affordability is crucial, he said.<\/p>\n<p class=\"default__StyledText-sc-1jtxuc8-1 jQghZF body-paragraph\">Mr&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2023\/12\/04\/uae-is-investing-more-in-renewable-energy-than-in-oil-energy-minister-says\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UAE, the Arab world\u2019s second-largest economy, is investing &#8220;way more&#8221; in renewable energy than in oil and gas, Minister of Energy and Infrastructure Suhail Al Mazrouei said on Monday. The Emirates&#8217; investments in clean energy surpass the investments in hydrocarbons, but funding oil and gas projects is necessary to avoid high prices going into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-415","post","type-post","status-publish","format-standard","hentry","category-oil-and-gas-en"],"_links":{"self":[{"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/posts\/415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/comments?post=415"}],"version-history":[{"count":0,"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/posts\/415\/revisions"}],"wp:attachment":[{"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/media?parent=415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/categories?post=415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theuaeweekly.com\/en\/wp-json\/wp\/v2\/tags?post=415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}