Friday 27 May 2022

UAE and India partner for low carbon energy transition

The United Arab Emirates (UAE) and India have announced stronger ties in green trade, focussing on the low carbon sector and energy transition.

Dr Sultan bin Ahmed Al Jaber, part of the UAE’s Special Envoy for Climate Change, and Shri Bhupender Yadav, India’s Minister of Climate Change have decided to join forces to propel the aims of the Paris Agreement.

Green hydrogen, sustainable farming practices, renewable energy and green finance are some of the key areas of collaboration.

India has committed to installing 450GW of renewable capacity by 2030 and hopes this new deal will help push it closer to achieving that.

Last year, India was the UAE’s second largest trading partner and hopes to grow the value of this trading relationship to $100 billion (£79.1bn) within five years.

Al Jaber commented: “Today, India is one of the UAE’s largest trade partners and we welcome the opportunity to capitalise on this strong foundation to power low carbon growth through public and private sector solutions that are good for the climate and the future economic prospects of both our peoples.”