The UAE Ministry of Energy and Infrastructure and the Dutch Ministry for Foreign Trade and Development Cooperation have signed a Memorandum of Understanding (MoU) on hydrogen energy, Emirates News Agency (WAM) reported on Tuesday.
The MoU was signed by Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, and the Dutch Minister for Foreign Trade and Development Cooperation, Liesje Schreinemacher, at the Netherlands Pavilion at Expo 2020 Dubai, WAM said.
As part of their Joint Economic Committee, the UAE and the Netherlands have been in structured dialogue to identify common interests and create a partnership for decarbonization of the energy sector and increasing the use of clean hydrogen.
The ministers noted the importance of clean hydrogen, in particular green hydrogen from renewable sources to contribute to the countries’ emission reduction policy. They recognized the benefits of working together in setting up export-import corridors for clean hydrogen between the UAE and the Netherlands as a gateway to Europe.
"Such partnerships contribute to catalyzing the transition towards hydrogen energy, and support the two countries' orientation in formulating projects and initiatives to support the Paris Agreement on Climate Change, and contribute to opening opportunities for growth and development, diversifying the energy mix, relying on clean energy, building concrete partnerships and enhancing cooperation between the two friendly countries,” Al Mazrouei said.
Schreinemacher said that there is increasing pressure on current ecosystems to meet the burgeoning demand for energy resources without further eroding the ecosystem.
“The production and use of green Hydrogen Energy as an alternative to fossil fuel has an important place for both of our countries in our aim to achieve net-zero emissions. I very much welcome being here today to sign this important agreement in an effort to achieve our common goals for the future of our planet."