Understanding Future Uses of Roofspace and Defining An Early Path to Profitable Roof Estate Investing
December 10th, 2015
Via Clean Technica, a report on Dubai’s recent decision to make rooftop solar power mandatory by 2030:
The political leader of Dubai, Sheikh Mohammed bin Rashid, recently announced the Dubai Clean Energy Strategy 2050, which includes a number of renewable energy targets. Perhaps most notable is that all rooftops in the city will have solar panels by 2030. Some might say, however, it’s the goal of solar generating 75% of the city’s energy by 2050 that is more remarkable. On the way to achieving this goal is the requirement that 25% is generated by solar by 2030.
Others might say the biggest story is the low-interest financing for clean energy that will be available because of a $27 billion investment to create the Dubai Green Fund. The size of theMohammed bin Rashid Al Maktoum Solar Park project has also been increased to 5,000 MW by 2030.
“The strategy we are launching today will shape the energy sector over the next three decades. Our goal is to become the city with the smallest carbon footprint in the world by 2050,” explained Sheikh Mohammed. Most of Dubai’s electricity currently is generated by burning natural gas.
The United Arab Emirates has about one-tenth of the world’s oil reserves, so it is very striking that such an emphasis would be placed on the growth of new solar power. Dubai has about 4 billion gallons of oil reserves and a population of approximately 2.1 million. The UAE’s population is 9.3 million.
It is very commendable to set such large, yet achievable, renewable energy goals. In a sense, vigorously supporting clean, renewable energy seems to mesh well with Dubai’s ethos, which seems to be “building rapidly and in an impressive fashion.”
Of course, increasingly, solar power makes sense economically as well as environmentally. “When you have vast amounts of open land and an incredible solar resource like these countries do, the underlying structural driver is to conserve oil and gas for export and produce power from other alternative sources, even in the context of recent declines in commodity prices,” explained Stephen J. Auton-Smith, director at Ernst & Young.
Energy storage wasn’t mentioned, but it often makes sense to add battery systems to fill in gaps in electricity production.
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Educated at Yale University (Bachelor of Arts - History) and Harvard (Master in Public Policy - International Development), Monty Simus has held a lifelong interest in environmental and conservation issues, primarily as they relate to freshwater scarcity, renewable energy, and national park policy. Working from a water-scarce base in Las Vegas with his wife and son, he is the founder of Water Politics, an organization dedicated to the identification and analysis of geopolitical water issues arising from the world’s growing and vast water deficits, and is also a co-founder of SmartMarkets, an eco-preneurial venture that applies web 2.0 technology and online social networking innovations to motivate energy & water conservation. He previously worked for an independent power producer in Central Asia; co-authored an article appearing in the Summer 2010 issue of the Tulane Environmental Law Journal, titled: “The Water Ethic: The Inexorable Birth Of A Certain Alienable Right”; and authored an article appearing in the inaugural issue of Johns Hopkins University's Global Water Magazine in July 2010 titled: “H2Own: The Water Ethic and an Equitable Market for the Exchange of Individual Water Efficiency Credits.”