UAE and France cooperate on hard-to-abate decarbonisation

The two countries have launched a scheme to help accelerate clean energy development ahead of Cop28

The UAE and France have agreed to launch a bilateral programme to jointly develop commercial and investible opportunities to accelerate clean energy development and decarbonise hard-to-abate industries. The programme has a particular focus on developing green hydrogen and sustainable fuel production capacity and value chains in both countries. The Emirati and French governments will explore how to use public finance tools to facilitate projects as part of the initiative. Government-affiliated developer Masdar will lead on project development from the UAE side, with opportunities assessed against their potential alignment with the goals of the Paris Agreement to keep global warming below 1.5C