Today the United States joined with the United Arab Emirates in taking a bold step toward the resilient, affordable clean energy future the world needs. Our new Partnership for Accelerating Clean Energy will catalyze $100 billion in clean energy financing in both countries, as well as robust commercial investment and other support for the emerging economies whose clean development is both underfunded and essential to the global climate effort. Through PACE, the U.S.
The United States and the United Arab Emirates signed a major new clean energy framework on November 1 in Abu Dhabi. Today President Biden again demonstrated his deep commitment to ensuring a global clean energy future and long-term energy security as the United States and United Arab Emirates announced a robust partnership to ensure the swift and smooth transition toward clean energy and away from unabated fossil fuels. The U.S.
PACE’s ambitious plan is built upon four pillars: 1) Clean Energy Innovation, Deployment and Supply Chains, 2) Carbon and Methane Management, 3) Nuclear Energy, and 4) Industrial and Transport Decarbonization. The United States and the UAE will set up an expert group to identify priority projects, remove potential hurdles, and measure PACE’s progress in achieving its goal of catalyzing $100 billion in financing, investment, and other support and deploying globally 100 gigawatts of clean energy.In addition to investing in both countries’ clean energy futures, the two countries intend to elevate climate action by vigorously pursuing and encouraging investment in clean energy in emerging economies.
$100B for 100 gigawatts by 2035? „In 2021, the total consumption of electricity by the commercial sector of the emirate of Dubai in the United Arab Emirates exceeded approximately 24.2 terawatt-hours.“ bla bla bla? 🤔