UAE's TAQA aims to be net zero by 2050
SUMMARY
The company will focus on the decarbonisation of power and water supply.
By Shardul SharmaUAE power and water utility TAQA is looking to achieve net-zero by 2050, the company announced on October 13.
TAQA has committed to a 25% reduction of scope 1 and 2 emissions by 2030 across the group, including a 33% reduction of UAE portfolio emissions compared to the 2019 baseline.
The company will focus on the decarbonisation of power and water supply, further electrification across sectors, and demand side management to support more efficient use of power and water. It wants renewable energy to comprise more than 30% of its power generation portfolio by 2030.
TAQA is working on two green hydrogen projects. In Abu Dhabi, the company is working with Abu Dhabi Ports to develop a 2GW green hydrogen-to-ammonia export project. It is also working with Emirates Steel to use green hydrogen to enable the region’s first green steel manufacturing.
