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United Arab Emirates Delegation Explores Economic Opportunities of Energy Transition with the US

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UAE Delegation visits the U.S.

Firstly, Dr. Sultan Ahmed Al Jaber, is the UAE Minister of Industry & Advanced Technology and Special Envoy for Climate Change. He is at the United States to accelerate the joint initiatives on the economic growth opportunities of the energy transition.

With the world facing multiple challenges, the UAE will remain a responsible and reliable supplier of energy to world markets. Today, this means producing not only more energy but also cleaner energy to drive economic growth and de-carbonization. The UAE seeks to deepen cooperation across a range of initiatives with the US to maximize the multiple economic opportunities of the transition.

Dr. Al Jaber.  

Also, during the visit together with a delegation of senior Emirates officials, he will also meet with climate and environmental organizations, business leaders, and market analysts. 

Net zero energy

As a result, industry, civil society, and financial institutions must partner on the solutions that will deliver simultaneously on energy security, job creation, and the Paris Agreement.  

As we mobilize investments for a net-zero economy, recent events have reminded us that we cannot simply switch off the current energy system. The energy transition will require sober, thoughtful planning.

Dr. Al Jaber.  

Besides, the UAE was the first country in the region to announce a Net Zero by 2050 Strategic Initiative.

We recommend: Oil States International, Inc. reported a net loss of $9.4 million for the 1Q 2022.

UAE clean energy

The investment in diversifying its energy mix put the UAE on the map as a major player. It is now moving into hydrogen, in Asia, Europe and the Middle East. 

In addition, the country is pioneering low-carbon technologies in other industries, from manufacturing aluminum using solar power to innovative agri-tech startups. 

Investment opportunities for the US partners

In the past, the UAE was the first country in the GCC region to sign and ratify the Paris agreement. Also, it wasthe first to commit to an economy-wide reduction in emissions. 

Moreover, in 2023, the UAE will host the UN Climate Change Conference. It is the largest climate event. It welcomes thousands of delegates from the United States.

The UAE presidency will focus on implementation of pledges through practical investments and policies sourced from a broad and inclusive coalition of all economic sectors, civil society, youth organizations, governments, scientists, academics, and other stakeholders.

In addition, on April, Secretary Kerry participated in the first Regional Climate Dialogue in Abu Dhabi. 

He also, joined Dr. Al Jaber on a tour of the UAE’s major strategic projects in clean energy, including the world’s largest single-site solar project, Noor Abu Dhabi.

Finally, during the visit, Kerry also knew MASDAR. It is a critical contributor to the UAE’s renewable energy portfolio, with investments in 10 US solar and wind projects in Nebraska, Texas, California, and New Mexico. 

For more information on the UAE-US climate and energy cooperation. 

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