Global Outlook

 In response to requests for more efforts to tackle climate change made at the Cop26 conference last year, the UAE has set a more aggressive target for reducing carbon emissions. According to a statement from the Ministry of Climate Change and Environment, the country intends to reduce carbon emissions by 31% by 2030 compared to a "business as usual" scenario without restrictions on greenhouse gases. Compared to the 23.5 percent reduction pledge that the Emirates made in December 2020 as part of its commitment to the Paris Agreement on climate change, this more stringent commitment is made. By 2030, the UAE hopes to have annual carbon emissions totaling 207.8 million tonnes of carbon dioxide equivalent (CO2-eq), which is 93.2 million less than the 301 million tonnes expected under the previous plan. The UAE Net Zero by 2050 Strategic Initiative was launched last October in advance of the Cop26 UN Climate Change Conference summit in Glasgow, UK, and is in line with the countr...