Kuwait sets 50% renewable energy target
Kuwait has set made renewable energy a priority and aims to make 50 per cent of electricity usage powered by renewables by 2050, said Minister of Electricity, Water and Renewable Energy Resources Dr. Sabeeh Al Mukhaizeem.
This came in the minister's speech to the Kuwait Sustainable Energy Conference and accompanying exhibition.
Kuwait's organising of the conference coincided with its hosting of the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE), which reflects trust in Kuwait's renewable energy capabilities, said the minister.
He added that the environmental and economic challenges facing the world required investment in renewable energy, affirming that such venture was a necessity.
He said that Kuwait continued developing eco-friendly projects using clean energy, saying that his country sought regional and international partnerships within this frame.
Minister Al Mukhaizeem called on the world to adopt a unified strategy based on cooperation and exchange of expertise to find practical and innovative solutions for cleaner energy resources.
Chairman of the Board of Trustees for the RCREEE Ahmad Al Dosari affirmed that the current conference was an important stop for discussions on renewable energy resources.
Kuwait's hosting of the event reflected its stature within this domain, he added, commending the Gulf country for its efforts within renewable energy, which was part of Kuwait Vision 2035 for development.
Deputy head of the EU Mission to Kuwait Dr. Torkild Byg delivered a speech commending the important role played by Kuwait in the domain of renewable energy, saying that the conference was reflective of Kuwait's stance on the issue.
The official also said that Europe was eager to reach zero carbon emission by the year 2050.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
39 minutes ago
- The National
Tariff uncertainty unlikely to shake up smartphone hierarchy, with Apple on top again in first quarter
Uncertainty surrounding global tariffs is unlikely to shake up the top tier of best-selling smartphones, after Apple dominated in the first quarter of 2025, a study from Counterpoint Research has shown. The iPhone 16, iPhone 16 Pro Max and iPhone 16 Pro were the top three best-selling smartphones, respectively, in the three months up to March 31, continuing a pattern over the past two years, the Hong Kong-based firm said in its report. The iPhone 15 was fourth and the iPhone 16 Plus was 10th, marking a fifth straight March quarter in which Apple secured half of the spots in the top 10. That was further complemented by the "strong start" of the budget-friendly iPhone 16e – the successor to the iPhone SE that was unveiled in February – which ranked sixth in March. The iPhone 16 performed particularly well in the Middle East, Africa and Japan, which recorded the highest growth, owing to improving economic conditions and revised subsidy rules that favoured Apple's pricing strategy, Counterpoint said. In China, however, the iPhone 16 Pro had to deal with challenges, including home-grown competition such as Huawei Technologies, which offer cheaper devices, and a consumer market generally favouring devices below 6,000 yuan ($833). The base iPhone 16 starts at $799. Right behind Apple is Samsung Electronics, which occupies four spots in the top 10, three of which are mid-tier devices. That is an indication of the South Korean company's strength in this segment. Its latest top-end flagship phone, the Galaxy S25 Ultra, came in seventh. The device, along with iPhones, are classified as premium by Counterpoint. And despite the continuing tariff tensions and broader market uncertainty, the share of the 10 best-selling smartphones is expected to "remain relatively stable", analysts at Counterpoint said. "This resilience is supported by OEMs [original equipment manufacturers] increasingly focusing on high-end smartphones where consumer interest is driven by premium features," they added. Smartphones remain the most popular and important consumer electronic devices. They have become an essential tool for communication, business, education and other daily activities. With the rise of generative artificial intelligence, phone manufacturers – particularly Apple and Samsung – are looking for ways to incorporate the latest technologies to entice a wider consumer base. Apple's iPhone 15 was the world's top-selling smartphone in 2024, outclassing competition largely focused on capitalising on the steady rise of generative AI in mobile devices, Counterpoint reported previously.
Zawya
42 minutes ago
- Zawya
Iraq in advanced talks with Saudi's ACWA Power and UAE's Masdar for solar plants
Iraq's Ministry of Electricity announced on Thursday that it is close to finalising agreements with Saudi Arabia's ACWA Power and the UAE's Masdar to build solar power stations across the country. Speaking to the Iraqi News Agency (INA), ministry spokesperson Ahmed Musa said discussions are advancing with ACWA Power for a 1,000-megawatt (MW) solar power plant in Najafm and with Masdar to develop four solar power plants with a combined capacity of 1,000 MW. In March, Iraq started construction of its largest solar power project - the 1,000 MW Basra Sun. Musa said the talks are part of Iraq's broader strategy to diversify its energy sources and reduce dependency on imported gas, adding that the the OPEC member's power sector is currently facing a 4,000 MW deficit due to reduced gas imports from Iran, which resulted in the shutdown of several power generation units. Musa disclosed that 93 percent of the electricity interconnection project with GCCIA has been completed, and connections with Jordan and Turkey are already contributing to Iraq's grid. At the start of May, Iraq's Wasit province issued a tender for 3,000 MW of renewable energy projects. Prior to that, in April, the Iraqi government signed an agreement with US-based UGT Renewables for the development of a 3,000 MW solar power project coupled with a Battery Energy Storage System (BESS) providing 500 megawatt-hours (MWh). (Writing by Majda Muhsen; Editing by Anoop Menon)
Arabian Business
an hour ago
- Arabian Business
Seed Group partners with B2B travel platform Tumodo to advance UAE business travel management
Companies in real estate, renewable energy, private debt and pre-IPO stocks are said to be among the leading ones which are eyeing raising billions through crypto token launches to fund their projects
