Despite being a major oil exporter, the United Arab Emirates asks for a renewal of the Kyoto protocol and is a major investor in solar power.
The United Arab Emirates is the world’s fourth largest oil exporter, behind Saudi Arabia, Russia, and Iran. While one might think oil companies and oil exporters would primarily be in the business of ensuring more oil business, that’s not the case here.
The UAE has publicly pushed for a renewal of the Kyoto protocol, an agreement among industrialized nations to control carbon emissions, despite capping carbon emissions being counterproductive to business. Additionally, UAE announced a plan to increase renewable energy production, and even started a massive solar energy generation project.
Both of these are obviously potentially detrimental to business, but one could also argue the first to really break ground in alternative energy will be getting the lion’s share of profits. Despite all of the “Good Guy Oil Exporter” business here, Dubai (which is located within UAE) still gets all of its energy needs from burning natural gas, so the region still ranks third on the Global Footprint list.