- UAE’s bilateral relationship and cooperation with India in the area of climate and clean energy has been strengthened more.
- UAE now supports New Delhi’s ambition to obtain 450 gigawatts of renewable energy installed capacity by 2030.
- Along with it, the state has also aimed at achieving net-zero carbon emissions by 2070.
UAE’s bilateral relationship and cooperation with India in the area of climate and clean energy has been strengthened more. UAE now supports New Delhi’s ambition to obtain 450 gigawatts of renewable energy installed capacity by 2030. Along with it, the state has also aimed at achieving net-zero carbon emissions by 2070.
UAE-India Comprehensive Economic Partnership Agreement (CEPA)-
CEPA entered into force in May 2022. Last year, this agreement was signed to boost the UAE-India bilateral trade to USD 100 billion within five years. This agreement will encompass multi-faceted cooperation and developments in
- Trade,
- Investment,
- Tourism,
- Food security,
- Clean energy,
- Science,
- Health and technology,
- Defence, and
- Space.
President and CEO of Dubai Chambers of Commerce, Mohammad Ali Rashed Lootah’s remarks-
“Both the countries were old energy partners. India has been the third leading importer and consumer of UAE crude oil. The ambition also aligns with the UAE’s goals to expand its clean energy capabilities to meet the targets of the UAE Energy Strategy by 2050 and the ambitions set in the UAE Net Zero by 2050 Strategic Initiative”.
CEPA’s benefits-
Accordingly, CEPA has offered both India and the UAE new options to cooperate and hold multiple growth opportunities offered by the energy transition. Both the nations are working together for a more sustainable future. In order to achieve this, the countries expect an enhanced cooperation in renewable energy especially solar power and hydrogen.
About UAE-
The United Arab Emirates, or simply the Emirates, is a country in Western Asia. It is located at the eastern end of the Arabian Peninsula and shares borders with Oman and Saudi Arabia, while having maritime borders in the Persian Gulf with Qatar and Iran.
About India-
India, officially the Republic of India, is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world.
https://energy.economictimes.indiatimes.com/news/renewable/uae-supports-indias-ambition-of-450-gw-of-renewable-energy-by-2030-official/97294995
