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The UAE's ambitious $23 billion investment in next-generation energy solutions, particularly hydrogen and ammonia, marks a significant step in its energy transition strategy. By aiming to capture 5% of the global clean hydrogen market by 2030, the country is positioning itself as a key player in the emerging clean energy landscape. The dual approach of producing blue hydrogen, derived from fossil fuels, and green hydrogen, sourced from renewable energy, underscores the UAE's strategy to balance its existing fossil fuel operations with sustainable energy innovations. The plan to convert both types of hydrogen into ammonia for easier transport aligns well with global demand, particularly from countries like Japan and South Korea that are actively seeking ammonia imports for energy purposes. Additionally, the UAE's commitment to capturing and storing up to 10 million tonnes of carbon dioxide annually by 2030, building on existing capacities, reflects a comprehensive approach ...

  The UAE has made remarkable strides in boosting clean energy's share in its total energy mix, achieving 27.83% in 2023, as stated by Suhail al-Mazrouei, Minister of Energy and Infrastructure. The nation aims to further increase this figure to 32% by 2030. During a media briefing on September 15, Minister al-Mazrouei emphasized that from 2019 to 2022, the UAE successfully doubled its clean energy capacity as part of the UAE Energy Strategy, which seeks to triple the installed capacity by 2030. The country remains firmly committed to its energy transition goals under the UAE Consensus at COP28. The UAE hosted the annual climate summit in Dubai last November, drawing thousands of participants and advancing efforts in various sustainability areas. Al-Mazrouei also underscored the UAE’s dedication to fostering investment in clean energy. He noted that the country saw a 70% growth in installed clean energy capacity last year alone. Highlighting the UAE Energy Strategy 2050, the Ministe...