Editing United Arab Emirates (section)

=== Energy ===
{{main|Energy in the United Arab Emirates}}
{{see also|Solar power in the United Arab Emirates}}
[[File:ADNOC Refining Ruwais Site-187.jpg|thumb|[[Ruwais Refinery]] is the fourth-largest single-site oil refinery in the world and the biggest in the Middle East.]]

Oil and gas production is an important part of the economy of the UAE. In 2018, the oil and gas sector contributed 26% to overall GDP. The UAE leadership initiated economic diversification efforts even before the oil price crash in the 1980s, resulting in the UAE having the most diversified economy in the Middle East and North Africa (MENA) region at present. Although the oil and gas sector continues to be significant to the UAE economy, these efforts have yielded great resilience during periods of oil price fluctuations and economic turbulence. The introduction of the VAT has provided the government with an additional source of income – approximately 6% of the total revenue in 2018, or 27 billion [[United Arab Emirates dirham]] (AED) – affording its fiscal policy more independence from oil- and gas-related revenue, which constitutes about 36% of the total government revenue.

The [[Barakah nuclear power plant]] is the first on the Arabian peninsula and expected to reduce the carbon footprint of the country.<ref>Reuters. (19 January 2022). "Unit 2 of UAE's Barakah nuclear plant to start operations within months: ENEC CEO". [https://english.alarabiya.net/business/energy/2022/01/19/Unit-2-of-UAE-s-Barakah-nuclear-plant-to-start-operations-within-months-ENEC-CEO Al Arabiya website] {{Webarchive|url=https://web.archive.org/web/20220122050656/https://english.alarabiya.net/business/energy/2022/01/19/Unit-2-of-UAE-s-Barakah-nuclear-plant-to-start-operations-within-months-ENEC-CEO |date=22 January 2022 }} Retrieved 22 January 2022.</ref>

The UAE has solar generation potential, and its energy policy has shifted due to the declining price of solar. The Dubai Clean Energy Strategy aims to provide 7 per cent of Dubai's energy from clean energy sources by 2020. It will increase this target to 25 per cent by 2030 and 75 per cent by 2050.<ref>{{Cite web|url = http://www.thenational.ae/business/energy/dubai-ruler-wants-solar-panels-on-every-roof-by-2030|title = Dubai Ruler wants solar panels on every roof by 2030|date = 29 November 2015|access-date = 23 November 2023|archive-date = 2 June 2017|archive-url = https://web.archive.org/web/20170602173058/http://www.thenational.ae/business/energy/dubai-ruler-wants-solar-panels-on-every-roof-by-2030|url-status = live}}</ref>

In 2023, ADNOC and its CEO Sultan Al Jaber closed at least 20 business deals worth nearly $100 billion. The state oil firm was alleged of exploiting the UAE's COP28 presidency to pursue oil and gas deals. As per leaked documents, Al Jaber's team targeted 16 nations to lobby firms, delegates or ministers on such deals. ADNOC sought deals with companies from 12 countries, which included 11 of the 16 target nations. Al Jaber and senior ADNOC officials openly discussed deals. COP28 organising teams were excluded from meetings and replaced by ADNOC officials, leaving a closed group that made deals.<ref>{{Cite news|last=Galey|first=Patrick|title="I hope the younger generations can forgive us": State oil company pushed $100 billion of deals in UAE's year as COP28 host|url=https://www.globalwitness.org/en/campaigns/fossil-gas/i-hope-the-younger-generations-can-forgive-us-state-oil-company-pushed-100-billion-of-deals-in-uaes-year-as-cop28-host/|date=5 June 2024|website=Global Witness}}</ref>