President His Highness Sheikh Mohamed bin Zayed Al Nahyan has
witnessed the signing of a comprehensive strategic partnership between the UAE
and the US to accelerate the energy transition, advance shared climate goals
and strengthen global energy security
UAE Minister of Industry and Advanced
Technology and Special Envoy for Climate Change Dr. Sultan Al Jaber and Special
Presidential Coordinator Amos Hochstein signed the Partnership on behalf of the
UAE and the US
The signing ceremony took place at
ADIPEC, a global platform that brings together leaders and pioneers of the
global energy sector to discuss energy security and ensure adequate and
sustainable supply of energy at appropriate costs
H.H. Sheikh Khaled bin Mohamed bin
Zayed, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi
Executive Office; H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; Sheikh Mohammed
bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the
Presidential Court; Khaldoon Khalifa Al Mubarak, Chairman of Abu Dhabi
Executive Affairs Authority and Member of the Executive Council; Yousef Manea
Al Otaiba, UAE Ambassador to the United States; and Brett McGurk, US National
Security Council Coordinator for the Middle East and North Africa were
also present
The UAE-US Partnership for
Accelerating Clean Energy (PACE), which will catalyse US$100 billion in
financing and other support in addition to deploying 100 new gigawatts (GW) of
clean energy in the US, UAE and emerging economies around the world by 2035
At the event the UAE and US
reaffirmed their shared commitment to enhancing climate ambition and climate
action, in line with their net zero 2050 goals
Looking ahead to COP27 in Egypt next
month and to COP28 in the UAE next year, both countries will work together to
advance their shared view that the fastest and most reliable pathway to achieve
net zero will require accelerating investment in clean energy technology and
resources
Both countries recognized that a
rapid, sustainable and well-managed energy transition is critical to successful
climate action, as well as to enhancing global energy security and
affordability
Building on five decades of energy
cooperation and partnership, the UAE and US have established PACE to promote
practical initiatives and promising technologies that can quicken the energy
transition. It will assemble and stimulate private and public sector funding and
support across four priority areas: Clean energy innovation, financing,
deployment and supply chains; Carbon and methane management; Advanced reactors,
including Small Modular Reactors (SMRs); and industrial and transport
decarbonisation
The UAE, a global leader in the
energy transition, has invested more than US$50 billion over the past ten years
in clean energy technologies and solutions around the world, building three of
the largest and lowest-cost solar projects in the world. The UAE’s Peaceful Nuclear
Energy Programme further emphasises the UAE’s energy diversification strategy
With three reactors online, the
Barakah Nuclear Power Plant will ultimately supply up to 25 percent of the
country’s electricity needs from a carbon-free source
Other notable UAE projects include
the 5,000-MW Mohammed bin Rashid Al Maktoum Solar
Park and the region’s first industrial-scale carbon capture, utilisation and storage
(CCUS) facility, which captures 800,000 tons of carbon dioxide with plans to
expand six-fold by 2030
The UAE also is supporting and
implementing clean energy projects on six continents, including in 31 small
island-developing states in both the Caribbean and the Pacific Ocean. In the
US, the UAE has backed eight clean energy projects totaling 1.6 GW across
California, Texas, New Mexico and Nebraska
These include investments in the
149-megawatt (MW) Rocksprings wind farm in Val Verde County, TX and the 29.9-MW
Sterling wind farm in Lea County, NM. In Europe, the UAE has helped to develop
the 630-MW London Array wind farm in the United Kingdom and the
first-of-its-kind 30-MW Hywind Scotland floating wind farm
The UAE also is home to the
headquarters of the International Renewable Energy Agency (IRENA) and will host
COP28 UAE, the Emirates Climate Conference in November 2023 at Expo City in
Dubai
With a focus on elevating global
climate action and ensuring a just transition, PACE aims to unlock joint
investment and opportunities in emerging economies. As part of the initiative,
the two nations will seek to provide technical, project management and funding
assistance for commercially and environmentally sustainable energy projects in
third counties
Dr. Al Jaber, said, “The energy
transition needs a realistic, practical and economically viable plan to deliver
climate progress together with energy security and inclusive economic growth.
The UAE-US Partnership for Accelerating Clean Energy will enable climate action
while enhancing global energy security and affordability for the people of the
UAE, the US and nations around the world
Ambassador Al Otaiba noted,
“Strengthened by decades of close security, economic and energy cooperation,
the UAE-US partnership on climate action and the energy transition is now a
significant facet of our overall relationship. The UAE seeks to deepen
cooperation across a range of initiatives with the US to maximise the multiple
economic opportunities of the energy transition
Amos Hochstein commented, “The US-UAE
close and strategic alliance will now join forces to accelerate the global
energy transition to a cleaner and more sustainable future. PACE is testament
to the deep commitment our countries share to urgently address the climate
crisis – as quickly as possible. Together, we will spur large-scale investment
in new energy technologies, in our own countries, around the world and in
emerging economies. PACE will help deliver a safe and reliable global energy
system that can cleanly power the world for generations to come
Across the four pillars of PACE, the
UAE and US will
Develop, finance and deploy clean
energy projects in the US, UAE and third countries; invest in responsible and
resilient supply chains; and promote investment in green mining, production and
processing of minerals and materials that are vital to the energy transition
Accelerate investment in fossil
fuel emissions mitigation; further develop CCUS technologies; and advance
methane measurement and management, including enhancing domestic methane
reduction programmes
Engage in the areas of advanced
reactors, including Small Modular Reactors (SMRs), and to promote nuclear power
as a clean energy solution to drive decarbonisation in the power sector as well
as hard-to-abate sectors beyond electricity—for example, by producing
cost-competitive, low-carbon applications to produce hydrogen, industrial
process heat, and desalinated water that meet decarbonisation goals, air
quality standards, and clean water needs
Encourage concrete investment and
collaboration toward decarbonisation across all industrial sectors by 2030;
scale up clean fuels in long-distance transport sectors such as aviation and
shipping; and promote electrification and energy efficiency as a key pathway to
reducing emissions
Esraa Esmail/
Khoder Nashar
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