January 26 2021
Economically, Green energy is highly sustainable and a mode of never-ending opportunity. The fossils can come and go but the water, sun, and wind are here forever and never going anywhere else. The United Arab Emirates comprehends the fact very well. Being a MENA nation, The United Arab Emirates earns its maximum revenue from the oil business but now, there are looking for some ways to expand their horizons and blow their minds by growing business based in UAE, said Umar Farooq Zahoor.
The UAE presently has a carbon footprint that is worthy enough for twenty-three tonnes, and after the summit, the nation is highly concentrated towards decreasing the emissions. The UAE has segregated more than dollar three billion for green energy and is also planning to invest more and more. More than 12 projects are currently on their way.
Not similar to that of the non-renewable energy on which the nation relies, green energy is not going to put a halt anytime soon. The oil business has its pros as well as losses but now, the UAE wants to make its green energy and does not want to rely on other countries for the same need. As Sheikh Umar Farooq Zahoor said that the nation is dams, building mills, and solar power amenities to update the game and to emerge as the dominant player in the sustainable project coming.
Aside from this, the United Arab Emirates displays the globe that as a Middle Eastern country, it is no less than other western nations in growth terms for the future. Sheikh Farooq explained that if the project goes according to the plans as set by the UAE Government, the nation will possess more than fifty percent of the shares of Green energy in the world.
As per Sheikh Umar Farooq Zahoor, a philanthropist as well as an entrepreneur of Dubai, the primary decision of expanding and investing in the field of other businesses such as green energy is a bit risky but fruitful at another end too. He opines that people from across the globe are looking for some alternatives of the oil and whosoever get the same will achieve the same standards as that of the UAE.
In the present era, the United Arab Emirates is the only nation that is taking some vital decisions and apply them to the goodness of future activities.