US, UAE pledge joint effort to finance decarbonisation

SourceInvesting.com
SectorFinancial Markets
CountryUAE

© Reuters. FILE PHOTO: French Economy and Finance Minister Le Maire meets US Special Presidential Envoy for Climate Kerry in Paris DUBAI (Reuters) - The United States and the United Arab Emirates will work together on coordinating finance to decarbonise the economy, focusing on areas including hydrogen, renewable energy and low carbon urban design, a joint statement said on Monday. U.S. climate envoy John Kerry, who is leading efforts to get countries to step up commitments to cutting emissions, during a visit to UAE took part in a Middle East and North Africa (MENA) climate dialogue in Abu Dhabi on Sunday.

"We will particularly focus our joint efforts on renewable energy, hydrogen, industrial decarbonization, carbon capture and storage, nature-based solutions, and low-carbon urban design," a joint statement from the United States and the UAE carried on state news agency WAM said. On Sunday, the climate dialogue concluded with another statement that was signed by Bahrain, Egypt, Iraq, Kuwait, Qatar, Sudan, ...read more...