UAE energy minister ‘keen to diversify energy sources’

Suhail bin Mohammed Al Mazrouei, UAE Minister of Energy and Infrastructure, stated that the ministry, in cooperation with its partners, has launched a range of projects and initiatives to achieve the future aspirations of the country.

“The UAE is keen to diversify its energy sources and protect the environment,” he told UAE state news agency WAM. “The country has followed a long-term approach to plan the future of the energy sector. In 2017, the UAE launched its 2050 Energy Strategy, which is the country’s first unified energy plan that creates balance between production and consumption, global environmental obligations and ensuring a growth-friendly economic environment for all sectors. The country also aims to raise the clean energy contribution in the total energy mix to 50 percent by 2050.”

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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