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United States & UAE Signed a Strategic Deal to Jointly Work on Clean Energy Projects

  • The United States and UAE plan to work towards net-zero emissions by 2025
  • The two countries signed an agreement worth $100 billion to work on clean energy projects
  • By 2035, the United States and the UAE aim to produce 100 gigawatts of clean energy, globally

Growing Climate Change Concern is Compelling Governments to Produce Alternative Energy Sources

Based on the data from United Nations, to prevent the worst effects of climate change, emissions must be cut in half by 2030 and to zero by 2050. Only 29% of the world's energy is currently derived from renewable sources. To address the growing environmental concerns, countries across the globe are required to reduce their reliance on fossil fuels and alternative sources of energy that are clean, accessible, affordable, and dependable. Furthermore, renewable energy sources are cheaper and can create jobs.

Strategic Partnership between the United States and UAE indicates a growing focus of governments toward Clean Energy

The United States & UAE signed a cooperative deal worth $100 billion to work towards clean energy projects. The collaboration between the two countries is a step toward achieving net-zero emissions by 2025. The United States and UAE also intend to jointly combat climate change while lowering the cost of energy for residents of their respective nations. Furthermore, as part of this initiative, the US and UAE would provide technical, project management, and capital assistance to other countries for developing commercially and environmentally sustainable energy projects.

Explore the latest trends and actionable insights on the ESG market to inform business strategy and pinpoint opportunities and risks. Explore the latest trends and actionable insights on the ESG market to inform business strategy and pinpoint opportunities and risks. Visit Report Store
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