Home Industry Energy UAE, UK sign MoU to drive cooperation in energy sector The agreement will build cooperation in areas such as environmentally sustainable transportation, sustainable fuels, biomass projects, waste conversion to energy, and carbon capture by Gulf Business January 15, 2023 The UAE’s Ministry of Energy and Infrastructure has signed a Memorandum of Understanding (MoU) with UK’s Department for Business, Energy & Industrial Strategy. The MoU aims to advance strategic and technical cooperation in the energy sector, and develop renewable energy technologies, including regulatory frameworks and incentives. It will also step 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, utilisation and storage projects, reported the state news agency, WAM. The agreement will build 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 organising workshops for events related to the industry. Committed to sustainable development The MoU aims to enable investment, trade and market access opportunities in the field of energy, in addition to the sustainable development of energy resources, as well as encouraging companies in the private sector and industrial entities to engage to cooperate and explore more business opportunities. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure explained that the MoU 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, reported WAM. UAE Ministry of Energy and Infrastructure, UK counterpart sign MoU to drive energy sector#WamNews https://t.co/51k7AGZXZ1 pic.twitter.com/ndixf2rqXt — WAM English (@WAMNEWS_ENG) January 13, 2023 He stressed that the two nations realise the importance of the need to improve energy efficiency and decarbonisation of its components, and the need to develop renewable energy technologies to help reach zero carbon emissions by 2050. Al Mazrouei 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. Tags energy UAE's Ministry of Energy and Infrastructure UK 0 Comments Share Tweet Share Share You might also like Saudi Aramco likely to issue a bond in 2024, CFO says Abu Dhabi’s KEZAD to host Dhs5bn lithium processing plant ADNOC Gas Q4 profit jumps 24%, FY’23 income tops estimates How much spare oil production capacity do energy producers have?