31 March 2020 | Articles
15 January 2020| Press Release
Abu Dhabi, United Arab Emirates, 15 January 2020 - The International Renewable Energy Agency (IRENA) today signed a memorandum of understanding (MoU) with the United Arab Emirates (UAE) Ministry of Energy and Industry, to cooperate in the field of renewable energy and drive an accelerated shift to low-carbon energy sources.
The MoU was signed in by IRENA Director-General Francesco La Camera and Undersecretary of the UAE Ministry of Energy His Excellency Dr. Matar Hamed Al Neyadi in the presence of UAE Energy Minister His Excellency Suhail Al Mazrouei, during Abu Dhabi Sustainability Week
H.E. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Industry, said that signing of the MoU with IRENA comes in line with UAE’s vision and the direction of the UAE’s wise leadership aimed at promoting sustainable development in the UAE, enhancing the use of renewable energy, as well as supporting and developing relevant policies and organisational frameworks.
H.E. Minister Mazrouei added that the MoU is aimed at promoting the exchange of open data and allowing the UAE to learn new ideas and benefit from best practices in the field of renewable energy. He said these efforts are aimed at achieving the UAE Vision 2021 objective of creating a sustainable environment in the UAE.
IRENA Director-General Francesco La Camera said: “The case for renewable energy in the UAE and across the Gulf is unquestionable. Today, solar and wind are the country’s most cost-effective sources of new power generation – contributing to growth, economic diversification and sustainable development in the Emirates.”
“This agreement marks a further strengthening of the Agency’s close relationship with the UAE government as it charts a new course of energy leadership into the 21st century,” continued Mr. La Camera. “Together with the Ministry of Energy, IRENA will work to explore the full potential of the UAE’s vast and diversified energy resources.”
For his part, H.E. Dr. Matar Hamed Al-Neyadi, Undersecretary of the Ministry, said that the aim of this MoU is to organize and maximize cooperation between the Ministry and IRENA’s general secretariat in order to deliver benefits to both parties.
The agreement aims to strengthen and enhance cooperation and the existing business relationship between the UAE Ministry of Energy and Industry and IRENA to develop knowledge products, conduct analysis, exchange information and organize workshops on renewable energy.
Cooperation between the two parties includes the following:
Under the MoU the two partners will exchange quantitative information on data, statistics, costs, benefits and analytical information related to renewable energy technologies and policies. Best practice in financial instruments and regulatory measures including energy efficiency, market design, system flexibility and long-term planning for a high shares of renewable energy will also feature.
31 March 2020 | Articles
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