He added: “The UAE is rich in opportunities with the world’s lowest solar power costs, and significant carbon capture investments. We look forward to sharing our experience with the international community to turn climate action into economic opportunity.”
Private sector role
The US and the UAE stressed their commitment to the implementation of the Paris Agreement and promote the success of the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow.
The event drew the participation of high-level dignitaries from across the region as well as global partners and organisations. Participants included COP26 President-Designate Alok Sharma, US Special Envoy for Climate John Kerry, together with ministers and high level representatives from the UAE, Oman, Kuwait, Bahrain, Qatar, Egypt, Jordan, Morocco, Iraq, Sudan and the International Renewable Energy Agency (IRENA).
Full text of the US-UAE Joint Statement
“We will work to strengthen the implementation of the Paris Agreement and promote the success of COP26 in Glasgow. Mindful of the importance and urgency of raising global climate ambition, we each intend to take steps to decarbonise our economies in line with our national circumstances and economic development plans, including reducing our emissions by 2030.
“We will particularly focus our joint efforts on renewable energy, hydrogen, industrial decarbonisation, carbon capture and storage, nature-based solutions, and low-carbon urban design — exemplified by model cities like Masdar City, and the world’s largest single-site solar facility in Noor in Abu Dhabi. We take note of opportunities in the UAE, such as the world’s lowest solar power costs, and significant carbon capture investments.
“We will partner with the global community to take the necessary steps to keep a Paris-aligned temperature limit within reach, including through country-specific enhancements to nationally determined contributions. We recognise the strong climate efforts of many leading companies and will work closely with the private sector to mobilise the investment and transformative mitigation and adaptation technologies needed to stem the climate crisis and support the economy.
“We are encouraged by the conversations we held in Abu Dhabi with other countries in the region, which we believe inaugurated a new era of cooperation in the region for a future focused on prosperity through climate policy, investment, innovation, and sustainable economic growth.”
Original news source Credit: gulfnews.com