UAE and USA sign partnership to catalyse $100 billion of investment in renewable energies

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 President His Highness Sheikh Mohamed bin Zayed Al Nahyan has witnessed the signing of a comprehensive strategic partnership between the UAE and the US to accelerate the energy transition, advance shared climate goals and strengthen global energy security.



The UAE-US Partnership for Accelerating Clean Energy (PACE), which will catalyse US$100 billion in financing and other support in addition to deploying 100 new gigawatts (GW) of clean energy in the US, UAE and emerging economies around the world by 2035.


Both countries recognised that a rapid, sustainable and well-managed energy transition is critical to successful climate action, as well as to enhancing global energy security and affordability.


The UAE also is supporting and implementing clean energy projects on six continents, including in 31 small island-developing states in both the Caribbean and the Pacific Ocean. In the US, the UAE has backed eight clean energy projects totaling 1.6 GW across California, Texas, New Mexico and Nebraska.

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