The United States and United Arab Emirates have joined hands to develop 100 gigawatts of clean energy by 2035.
The duo announced the signing of a strategic partnership which will have $100 billion investment.
This agreement was signed during the Adipec energy conference in Abu Dhabi. It has been named as “Partnership for Accelerating Clean Energy” (PACE).
It has been informed that the partnership is focused on the development of clean energy innovation and supply chains, managing carbon and methane emissions, nuclear energy, and industrial and transport decarbonization.
“The cooperation comes within the framework of the close friendship between the UAE and the United States of America” and “affirms the commitment of both sides to work to enhance energy security and advance progress in climate action,” the statement issued by the UAE government reads.
“Today President Biden again demonstrated his deep commitment to ensuring a global clean energy future and long-term energy security as the United States and United Arab Emirates announced a robust partnership to ensure the swift and smooth transition toward clean energy and away from unabated fossil fuels,” the statement issued by the White House reads.
According to the agreement, the duo will form an expert group to “identify priority projects, remove potential hurdles, and measure PACE’s progress in achieving its goal of catalyzing $100 billion in financing, investment, and other support and deploying globally 100 gigawatts of clean energy.”
To be noted, the UAE has built the world’s largest single-site solar power plant and the first nuclear power plant in the Arab world.
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