UAE, France to jointly focus on decarbonisation of hard-to-abate industries

UAE, France to jointly focus on decarbonisation of hard-to-abate industries

The UAE and France have agreed to launch a bilateral programme that combines French and Emirati expertise to develop commercial and investable opportunities to accelerate clean energy development, mainly in the decarbonisation of hard-to-abate (HTA) industries, including exploring clean hydrogen solutions for mobility. Industrial leaders from both countries have partnered in the development, investment and operation of over 6.2 gigawatts (GW) of clean and renewable energy programmes across the globe – including two of the largest single-site solar projects in the world, located in the UAE. They have mobilised over $6bn in investment, displacing some 10 million tonnes of carbon dioxide annually. The programme’s operations will be officially launched during COP28, the 28th session of the United Nations Framework Convention for Climate Change (UNFCCC), to be held in Dubai in November this year. The programme will build on the joint commitment of both countries to accelerate the identification and financing of projects, and support companies contributing to the development of new clean energy solutions with the potential to reduce the carbon footprint of economic sectors. It will implement projects focusing primarily on the decarbonisation of HTA industries and to support companies that have developed new clean energy solutions in green