November 24, 2021
2 mins read

UAE, Israel ink energy pact at Expo

The two countries signed a Memorandum of Understanding (MoU) aimed at strengthening their relations in the energy sector…reports Asian Lite News

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said the UAE is continuing to cooperate with various international players in the energy sector, most notably in the area of clean energy, to make it a model of leading the international efforts in the renewable energy sector.

UAE, Israel ink energy pact at Expo

Al Mazrouei made this statement during his meeting with Karine Elharrar, Israeli Minister of Energy, at the Israeli pavilion at Expo 2020 Dubai, where the two countries signed a Memorandum of Understanding (MoU) aimed at strengthening their relations in the energy sector.

“The UAE and Israel have both achieved several ambitious goals in all areas, most notably in energy, since the signing of the Abraham Accords Peace Agreement between the two sides over a year ago,” Al Mazrouei said. He stressed that the accord has helped create promising opportunities for both countries and the region.

The UAE’s vision is clear and is in line with the principles and objectives for the next 50 years, by continuing the significant efforts aimed at implementing the “Projects of the 50” launched by the UAE Government, through forging partnerships aimed at ensuring the future of energy.

“These partnerships will help achieve the transition to renewable energy, as well as draft projects and initiatives that support the Paris Agreement for climate change, which the UAE was among the first to ratify,” he said.

The MoU, which was signed by Al Mazrouei and Elharrar, in the presence of many officials from both sides, stipulates the exchange of knowledge and expertise and the hosting of high-level meetings to discuss issues related to energy storage, most notably clean energy, as well as infrastructure cybersecurity, fossil fuels, electricity grids, smart networks, hydrogen and water issues, and ways of supporting the UAE and Israel’s energy strategies.

The MoU also affirms the commitment of both parties to sustainable development in implementing energy, science and technology policies while considering ever-changing economic, social and environmental considerations, such as climate change.

It promotes investment and trade in energy, energy-related services and equipment, and highlights the strategic importance of developing common global approaches to promoting market access opportunities and the sustainable development of energy resources.

ALSO READ: Israel and Dubai bilateral trade reaches AED2.57 billion

The UAE aims to diversify the future energy mix, raise the contribution of clean energy to the national energy mix to 50 percent by 2050, and reduce its carbon footprint by 70 percent by implementing the Energy Strategy 2050, and increase the efficiency of individual and institutional consumption by 40 percent.

Previous Story

Top EU privacy watchdog hit with corruption complaint

Next Story

Dulsco launch unique Oil Re-Refinery Plant in UAE

Latest from -Top News

Pak Army Chief Targets India Again

This is not the first time that Munir has indulged in loose talk, exhibiting conduct unbecoming an officer….reports Asian Lite News Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir on

Relief for Students: US Visa Cancellations Paused

More than 1,500 student visas have been cancelled so far…reports Asian Lite News The United States on Friday abruptly paused the cancellation of student visas issued to international students, according to reports.

Yunus Must Be Treated Like Hasina, Warn Islamists

Islamist group made these warnings to the interim government, terming the women’s reform body proposals as “anti-Islamic…reports Asian Lite News The radical Islamist group in Bangladesh, Hefazat-e-Islam, has issued a threat, stating

UN: Bring Pahalgam Terrorists to Justice

The members of the Security Council “stressed that those responsible for these killings should be held accountable..reports Asian Lite News The Security Council has “condemned in the strongest terms” the Pahalgam terrorist
Go toTop

Don't Miss

Union Coop to strengthen Emiratization

Union Coop affirms its commitment to increasing Emiratization rates in

Sheikh Mohammed, Nissan CEO talk UAE automotive expansion

The meeting held as part of His Highness’s Weekly Majlis