The United Arab Emirates has started building the "first green hydrogen plant in the Middle East," and testing is underway, announced Energy Minister Suhail al-Mazrouei.
UAE aims to capture 25 percent of the global hydrogen fuel market by 2030. It is implementing more than seven ambitious hydrogen projects, targeting key export markets, including Japan, South Korea, Germany, and India.
Meanwhile, the UAE and Israel signed a memorandum of understanding (MoU) to deepen relations related to the energy sector and to launch a bilateral partnership that supports their goals regarding the future of clean energy.
"The UAE and Israel have both achieved several ambitious goals in all areas, most notably in energy, since the signing of the Abraham Accords Peace Agreement between the two sides over a year ago," Mazrouei said.
During his meeting with Israeli Energy Minister Karine el-Harrar at the Israeli pavilion at Expo 2020, Mazrouei stressed that the accord has helped create promising opportunities for both countries and the region.
"These partnerships will help achieve the transition to renewable energy, as well as draft projects and initiatives that support the Paris Agreement for climate change, which the UAE was among the first to ratify," he said.
The MoU, signed in the presence of many officials from both sides, stipulates the exchange of knowledge and expertise. It also calls for hosting high-level meetings to discuss issues related to energy storage, most notably clean energy, as well as infrastructure cybersecurity, fossil fuels, electricity grids, smart networks, problems of hydrogen and water, and ways of supporting the UAE and Israel's energy strategies.
It promotes investment and trade in energy, energy-related services and equipment, and highlights the strategic importance of developing common global approaches to promoting market access opportunities and the sustainable development of energy resources.
The MoU also affirms the commitment of both parties to sustainable development in implementing energy, science, and technology policies while considering ever-changing economic, social, and environmental considerations, such as climate change.
