UAE Ministry of Energy and Infrastructure has signed a Memorandum of Understanding (MoU) with the Department for Business, Energy & Industrial Strategy in the United Kingdom of Great Britain and Northern Ireland to drive the energy sector.
The memorandum aims to exchange information, knowledge, expertise, and studies in the field of energy and promote it for the vital role it plays in sustainable development at the local and international levels.
The MoU intends to enhance strategic and technical cooperation in the energy sector, and develop renewable energy technologies including regulatory frameworks and incentives.
According to the statement, “It also steps up cooperation in smart grids and related technologies, in addition to environmentally sustainable transportation, electric vehicles, sustainable alternative transportation fuels, biomass projects, waste conversion to energy, and carbon capture, utilization and storage projects.”
The memorandum also stresses their cooperation in peaceful nuclear energy and related policies and technology, low-carbon hydrogen, exchange of information, knowledge, and experiences, holding high-level meetings to discuss and consider issues of mutual benefit, bolstering collaboration in clean and renewable energy, and organizing workshops for events related to the industry.
The UAE Minister of Energy and Infrastructure explained that the memorandum of understanding is greatly significant in light of the common interest of both countries as it helps them implement an energy policy that would provide low-carbon, safe and sustainable energy supplies at affordable prices.
“The two nations realize the importance of the need to improve energy efficiency and decarbonization of its components, and the need to develop renewable energy technologies to help reach zero carbon emissions by 2050,” Mr. Al Mazrouei added.
The UAE Minister further highlighted the crucial role undertaken by the UAE and the UK in laying the foundations for climate action as the UAE is getting ready to host the 28th session of the Conference of the Parties (COP28) and in light of the outcomes of COP 26 in the UK.
Mr. Al Mazrouei also stressed their role in implementing and supporting the targets of the United Nations Framework Convention on Climate Change, the Paris Agreement, and net-zero targets by 2050.