UAE, France team up on decarbonisation
The partnership will focus on the decarbonisation of hard-to-abate (HTA) industries. [Image: Masdar]By Shardul Sharma
The UAE and France have agreed to form a bilateral partnership to focus on the decarbonisation of hard-to-abate (HTA) industries, UAE state-owned Masdar said on January 31.
The programme’s operations will be officially launched during COP28, the 28th session of the United Nations Framework Convention for Climate Change (UNFCCC), to be held in Dubai in November this year.
Masdar said the programme aims to build on the joint commitment of both countries to accelerate the identification and financing of projects, and support companies contributing to the development of new clean energy solutions with the potential to reduce the carbon footprint of economic sectors.
The programme will aim to implement projects focusing primarily on the decarbonisation of HTA industries and to support companies that have developed new clean energy solutions in green hydrogen and sustainable fuel, it added.