UAE and US sign $100 bln green energy deal

Published: Updated:
Enable Read mode
100% Font Size

The US and United Arab Emirates have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts globally by 2035, US Secretary of State Antony Blinken said on Tuesday.

For all the latest headlines follow our Google News channel online or via the app.

Under the initiative, the UAE, an OPEC oil producer, and the United States would provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

“The energy transition needs a realistic, practical and economically viable plan to deliver climate progress together with energy security and inclusive economic growth,” Sultan al-Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change, said in the statement.

The initiative will also focus on investing in responsible and resilient supply chains, promoting investment in green mining as well as production of minerals and materials vital to the energy transition.

Read more:

Saudi Arabia launches five projects to produce electricity using renewable energy

Australia, Singapore sign a new green energy deal

Indian green energy firms join hands to develop a carbon market

Top Content Trending