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16-01-23

UAE, US establish two-sided expert group to run clean energy cooperation

(MENAFN) Throughout Abu Dhabi Sustainability Week, UAE and US representatives declared the establishing of an expert group to govern the Partnership for Accelerating Clean Energy (PACE).

The two-sided body is going to be ran by UAE Special Envoy for Climate Change Dr. Sultan Al-Jaber as well as US Special Coordinator for International Energy Affairs Amos Hochstein, in addition to that it is also going to involve officials from the two nations’ private industries and administration.

PACE, which was opened in November last year, targets to catalyze USD100 billion in funds, investment and additional support, in addition to deploying 100 gigawatts of clean energy within the next 13 years. It is going to cover a massive range of formed and emerging technologies and is going to have a broad effect on the two developed and developing economies.

“Already one of the world’s largest renewable energy investors and developers, the UAE is joining forces with the US under PACE to supercharge a just energy transition, enhance energy security and demonstrate that climate action can unlock economic opportunities,” Al-Jaber asserted.

He continued, noting that “As the international community prepares to take stock of global climate progress at COP28 in the UAE, this multi-sectoral partnership is a transformative step to advance mitigation and adaptation through the pragmatic investment and deployment of clean energy projects across the US, UAE and emerging economies around the world. We are confident that this partnership will provide a new model of cooperation that unites global efforts on the path to COP28 toward achieving meaningful progress.”

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