Jr. Biden The two leaders discussed various global issues, including energy security, and reaffirmed the depth of the U.S.-UAE strategic partnership. The recently announced comprehensive UAE-US initiative to advance shared climate goals, strengthen global energy security, and accelerate the energy transition was highlighted by the two leaders during their meeting.
The UAE-US Partnership for Accelerating Clean Energy (PACE), which was officially launched yesterday in Abu Dhabi by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change, and Amos Hochstein, the Special Presidential Coordinator, will mobilize $100 billion in funding and investment to deploy 100 new gigawatts of clean energy in the US, the UAE, and emerging economies around the world by 2035.
President Sheikh Mohamed and President Biden reaffirmed their shared commitment to raising climate ambition and climate action in line with their net zero 2050 goals by expressing their support for the PACE initiative. Both nations recognized PACE as a significant catalyst to reach net zero by accelerating investment in clean energy projects, technologies, and resources as they looked ahead to COP27 in Egypt later this month and to COP28 in the UAE next year.
The UAE’s President Sheikh Mohamed described the substantial ongoing investments made by the country to reduce the carbon footprint of the conventional and renewable energy sectors. As a nation with a long coastline and harsh climate, the UAE has long been concerned about the effects of global warming.
President Sheikh Mohamed expressed this concern. He referred to the UAE as playing a pioneering role in the energy transition, doubling its own capacity for renewable energy over the previous ten years, including the construction of three of the biggest and most affordable solar projects in the world.
