The United Arab Emirates (UAE) announced on the same day an energy cooperation project of 100 billion dollars with the United States and 30 billion dollars in Korea. Technology Minister) and his renewable energy company, Masdar, emerged as the center.
The United States and the UAE announced today that the first $20 billion of a $100 billion clean energy partnership will fund 15 new gigawatt renewable energy projects before 2035, UAE state news agency WAM said.
WAM said the investment will be led by a consortium of UAE-based Masdar and US private investors and will be financed through $7 billion in private sector cash assets and $13 billion in US debt financing and other instruments, Reuters reported on the 16th.
Reuters reported on the 15th, “The Korean Ministry of Finance announced that the 30 billion dollar investment will be led by sovereign wealth funds, including the Mubadala Investment Company.” Thirteen memorandums of understanding were signed, including an agreement to cooperate for investment.”
India and the UAE have reached a 'major agreement' on renewable energy interconnection between the two countries, India's Minister of Electricity and Renewable Energy announced on the 15th.
India will be the host of this year's COP28 climate conference, and selected Sultan Al Jaber, the UAE's special envoy for climate, who is the head of ADNOC, the UAE's state-owned oil company, as the COP28 chairman.
Javert's appointment as chairman became a central figure in international controversy as he became the head of an oil company in the environmental movement.
Jaber is the UAE's Minister for Industry and High Technology, and in 2006 he spearheaded the founding of Masdar, a renewable energy company in Abu Dhabi.
Jaber and Masdar, who are central to the 30 billion dollar “investment” in Korean President Yoon and other delegations, appear most often in the 100 billion dollar “private investment consortium” with the United States.
On the 13th, the UK energy ministers visited Abu Dhabi and signed a memorandum of understanding between the energy ministers of the two countries to strengthen energy sector strategies and technological cooperation.
The UK's Department for Business, Energy and Industry Strategy said in a statement today that the MoU will open new avenues for cooperation between the UAE and the UK on energy and climate by facilitating the sharing of technical knowledge, advice, skills and expertise, while stimulating jobs and investment in the UK. revealed
UAE Energy Minister Suhail Al-Mazruei said, "The MOU with the UK is of great mutual interest to both countries as it helps to implement an energy policy that provides low-carbon, safe and sustainable energy supply at an affordable price." important," he said.
"International cooperation on energy and climate with close partners such as the UAE is important and we will have our full support at every stage as we take center stage as host of COP28 later this year," said UK Energy Secretary Grand Sharp. Reuters reported.
UAE Foreign Trade Minister Thani Al Zeyoudi told Reuters last year about India's increased investment, saying that "there will be huge flows of trade and investment between the two countries and will open the door for more business opportunities". .
India's Prime Minister's Office announced in February last year that the Comprehensive Economic Partnership Agreement (CEPA) with the UAE is expected to increase annual bilateral non-oil trade by $60 billion to $100 billion within the next three to five years.
The OSOWOG initiative, first proposed by India's Prime Minister Narendra Modi, aims to create a strategic grid interconnection scheme that transmits renewable energy power through a connected grid.
India and the UAE signed a memorandum of understanding on the development of green hydrogen produced from renewable energy on January 13, with the goal of establishing a strategic network interconnection system of renewable energy power transmission through the connected grid.
“In order to further expand the special strategic partnership between the two countries, the UAE government expressed confidence in the robustness and growth potential of the Korean economy” Based on this, the UAE Sovereign Wealth Fund announced a commitment to invest $30 billion in Korea's strategic sectors. (Omitted) The UAE encouraged Korean companies to take advantage of these incentives in the UAE and investment opportunities in various economic and trade sectors> , "The UAE government has announced a commitment to invest $30 billion in the UAE sovereign wealth fund," was expressed.
The summit public declaration is an official document and will be officially announced simultaneously in both languages and English.
<India and UAE Renewable Energy Connection ‘Agreement’ Bilateral Free Trade Agreement ‘Approach’, see January 16, 2023>
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