The UAE and France have agreed to form a bilateral partnership focused on decarbonizing hard-to-reduce industries, including hydrogen.
His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technologies of the United Arab Emirates, Chairman of COP28 and President of Masdar, introduced, in part, to His Excellency Bruno Le Maire, Minister of Economy, Finance, Industry and Digital Sovereignty. Visit of the French Minister to the UAE.
Within the framework of the COP28 Climate Change Conference, the United Arab Emirates and France agreed to launch a bilateral project that would bring together French and Emirati expertise and create trade and investment opportunities to accelerate the development of clean energies, especially in the field of energy reduction. (HTA) carbon removal industries, including clean hydrogen solutions for mobility.
The initiative is based on successful partnerships between Emirati and French companies in the clean and renewable energy sector. Industry leaders from both countries are partners in the development, investment and operation of 6.2 gigawatts of clean and renewable energy projects around the world, including two of the largest solar projects in a unique location in the world located in the UAE. , and mobilized more than $6 billion in investment, displacing about 10 million tons of carbon dioxide annually.
The project activities will be officially launched during COP 28, the 28th session of the United Nations Framework Convention on Climate Change (UNFCCC) which will be held in Dubai in November this year. The program aims to create a joint commitment between the two countries to accelerate the identification and financing of projects and support companies that contribute to the development of new clean energy solutions capable of reducing the carbon footprint of economic sectors.
The countries aim to implement programs primarily focused on decarbonizing the HVA industries and supporting companies that have developed new clean energy solutions in green hydrogen and sustainable fuels.
Where appropriate, the governments of both countries will explore the use of public financing instruments to facilitate eligible climate-friendly projects. The initiative will primarily focus efforts in the two countries, focusing on low-carbon hydrogen and sustainable fuel production and their value chains.
Through this bilateral project, the United Arab Emirates and France will work to create tangible and positive impacts in the dimensions of mitigation and adaptation to climate change and to improve the impact of their projects related to climate and climate change on biodiversity.
Investment opportunities will be jointly developed, with Masdar leading the UAE part of the partnership, and each opportunity will be evaluated based on a relevant, internationally accepted methodology, aimed at fully aligning with the goals of the Paris Agreement on climate change.
Ahmed Al-JaberHis Excellency Dr. Sultan said:
This initiative is a part of a long-term partnership between the Arab emirates of the United Nations and France in order to exploit the opportunities pratiques and commerciales development in a faible carbon emission, accelerating the transitional energy and promoting the climate action and the sustainable economic croissance in our pay. In the world.
“By leveraging our combined technology and energy expertise, we will increase our efforts to promote renewable and carbon-neutral energy to decarbonize economies especially sectors that are difficult to reduce. As the UAE prepares to host COP28, we intend to make it a COP for work and a COP for all. We direct An open invitation to the world to join us in a constructive effort to raise ambition, move from talk to delivery, and achieve the core Paris Agreement goal of keeping 1.5 alive.
Bruno the mayorThe French Minister of Economy, Finance, Industry and Digital Sovereignty said:
This targeted program will ensure coordination between the public and private sectors of the two countries and will accelerate the implementation of high-impact projects to develop clean energy for transportation.
“I am very happy with this new interpretation of the strategic partnership between France and the United Arab Emirates and our common goal of raising our aspirations towards COP28.”
For more information, please visit: http://www.masdar.ae and login: facebook.com/masdar.ae and twitter.com/Masdar
about a source
Abu Dhabi Future Energy Company (Mastar) is the clean energy company in the United Arab Emirates and one of the largest companies in the world, working to develop and deploy renewable energy and green hydrogen technologies to meet global sustainability challenges.
Founded in 2006, Masdar now operates in more than 40 countries, helping them achieve clean energy goals and promote sustainable development. Mastar is detenue conjointement by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala) and Abu Dhabi National Energy Company (TAQA), and sous cette franchise, the société vis au moins 100 gigawatts (GW) of portefeuille d capacité ‘Renewable energy. . GW) by 2030 and an annual green hydrogen production capacity of 1 million tons in the same year.
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The United Arab Emirates and France have agreed to form a bilateral partnership on the decarbonization of hard-to-abuse industries (HTA), Abu Dhabi, UAE, January 31, 2023