The United Arab Emirates (UAE) and the United States signed a strategic partnership agreement to invest $100 billion in clean energy projects.
According to the UAE official news agency WAM, during the Abu Dhabi International Oil Expo and Conference (ADIPEC 2022) held in the UAE, the UAE Minister of Industry and Advanced Technology, Sultan al-Jaber, and the US Special Coordinator for International Energy Affairs, Amos Hochstein, shared 100 billion dollars on clean energy projects. A strategic partnership agreement was signed to invest $. It is aimed that these projects will reach a production capacity of 100 gigawatts in both countries and the world by 2035.
It was stated in the news that the partnership in question embodies the joint commitment of the UAE and the US to advance climate work in line with their goals of achieving climate neutrality by 2050. It was stated that the parties will work to support economically and environmentally beneficial sustainable energy projects in developing countries by providing technical expertise, project management assistance and financing.
“The agreement will contribute to supporting the global energy sector transition, building a more sustainable future and urgently addressing the climate crisis,” said Hochstein, US Special Coordinator for International Energy Affairs. used the phrases. The UAE has invested more than $50 billion in clean energy technologies and solutions worldwide over the past decade.