UAE-France Program to Accelerate Clean Energy Development

UAE-France Program to Accelerate Clean Energy Development

The UAE and France agreed to launch a bilateral program that combines French and Emirati expertise to develop commercial and investable opportunities that accelerate clean energy development, notably in the decarbonization of hard-to-abate (HTA) industries, including clean hydrogen solutions for mobility.

The program's operations will be officially launched during COP28, the 28th session of the United Nations Framework Convention for Climate Change (UNFCCC), in Dubai between November and December this year.

The initiative builds on the partnership successes between Emirati and French companies in the clean and renewable energy sector.

Industrial leaders from both countries have partnered in developing, investing, and operating over 6.2 gigawatts of clean and renewable energy programs across the globe. In addition, two of the world's most significant single-site solar projects in the UAE, which displaced some 10 million tons of carbon dioxide annually, mobilized over $6 billion in investment.

The initiative was launched during a meeting between the Minister of Industry and Advanced Technology, Sultan al-Jaber, and French Minister of the Economy, Finance, and Industrial and Digital Sovereignty Bruno Le Maire as part of his visit to the UAE.

Jaber, who is also President-Designate for COP28, said the initiative builds on the long-standing partnership between the UAE and France to