US, UAE Pledge Joint Effort to Finance Decarbonization

SourceAsharq AL-awsat
SectorFinancial Markets
CountryUAE

The US and UAE will work together on coordinating finance to decarbonize the economy. (WAM) The United States and the United Arab Emirates will work together on coordinating finance to decarbonize the economy, focusing on areas including hydrogen, renewable energy and low carbon urban design, a joint statement said on Monday. US 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, the UAE and the United States pledging to accelerate climate action, mobilize...read more...