By: Inspenet, November 3, 2022
The US and the United Arab Emirates (UAE) sign an agreement called “Partnership for the Acceleration of Clean Energy” (PACE), during the Adipec energy conference in Abu Dhabi, and covers four main pillars: the development of the clean energy innovation and supply chains, carbon and methane emissions management, nuclear power, and industrial and transport decarbonization.
“The cooperation falls within the framework of the close friendship between the UAE and the United States of America” and “affirms the commitment of both parties to work to improve energy security and advance climate action,” according to a government statement. of the UAE published by the state news agency WAM.
“President Biden has once again demonstrated his deep commitment to ensuring a global clean energy future and long-term energy security, as the United States and the United Arab Emirates have announced a strong partnership to ensure a swift and seamless transition. problems towards clean energy and the abandonment of fossil fuels, ”says the White House statement.
The two countries will create a “think tank” to “identify priority projects, remove potential roadblocks, and measure PACE’s progress toward its goal of leveraging $100 billion in funding, investment, and other support and globally deploying 100 gigawatts of clean energy”, it is indicated.
The United Arab Emirates is a major oil exporter, but has invested heavily in the development of non-fossil energy sources, such as the construction of the world’s largest solar power plant and the first nuclear power plant in the Arab world. It plans to host the COP 28 climate summit in 2023.
This material from petrobanca.com was edited for clarity, style and length.
Photo: ShutterStock
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