UAE and US to allocate $20bn for new clean energy projects

 

 

UAE and US  said they would allocate $20 billion to fund 15 new gigawatts of clean and renewable energy projects in the US before 2035, in the first wave of investment under their $100 billion clean energy partnership. 

also announced the formation of an expert group to govern Pace, led by Dr Sultan Al Jaber, President-designate of Cop28 and Minister of Industry and Advanced Technology, and Amos Hochstein, US special presidential co-ordinator for global infrastructure and energy security.  
“
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,” said Dr Al Jaber, who is also chairman of Masdar, and managing director and group chief executive of Adnoc.


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