UAE Signs Clean Energy Investment Deal With the US

UAE Signs Clean Energy Investment Deal With the US
Just a few days after the UAE sought out investment for hydrocarbons and got almost immediate feedback from the OPEC [Organization of the Petroleum Exporting Countries], stating that they are just a phone call away for any assistance as regards crude oil, there has been recent news that has interestingly enjoyed the tabloids about the UAE and clean energy. 

At a time in the world where there is gas flaring, the greenhouse effect, and ozone layer depletion, manufacturers and producing industries have had to consider the need to review processes, especially those that have an after-effect that harms the planet and its inhabitants. 

In this interesting read today, I will be sharing some new levels of information, especially one that has seen the UAE consider renewable and clean energy, contrary to combustible fuels that leave residue and carboniferous materials in the ecosystem. 

What is clean energy? 

Clean energy is the type of energy produced by production processes that do not emit any pollutants, particularly greenhouse gases like CO2 [carbon dioxide] that contribute to global warming. 

While people may easily confuse clean energy with renewable energy or green energy, it is pertinent to understand that these trios differ, and the ability to decipher which is which among them may begin the process of understanding. 

For clarity on this post, please note that green energy is energy derived from renewable resources, such as the sun. On the other hand, clean energy is defined as that which does not emit air pollutants, while renewable energy is energy that is obtained from resources that are continuously renewed, such as solar, hydro, and wind power. 

Who did the UAE sign a clean energy deal with? 

The government of the UAE recently signed a strategic partnership deal with the US government to see $100 billion mobilized to develop 100 gigawatts of clean energy by 2035. 

PACE, or the "Partnership for Accelerating Clean Energy," was introduced at the Adipec energy conference in Abu Dhabi. Its four key pillars are: managing carbon and methane emissions; nuclear energy; industrial and transport decarbonization; and clean energy development, innovation, and supply chains. 

Is this a good sign for the UAE? 

While the White House may have considered this partnership a major leap for both countries, especially for the climate agenda, the reality that the UAE is a major oil-producing nation for the global picture could pose a thing of fear for their economy and the global market. 

Is the UAE venturing into clean energy? 

Well, if you read it in the news, then it is no longer news. The UAE is a major oil exporter, but it has made significant investments in the development of non-fossil fuel energy sources, including the construction of the largest solar power plant ever built on a single site and the first nuclear power plant ever built in the Arab world. 

To "identify priority projects, it is essential to remove any obstacles and monitor PACE's progress in attaining its aim of catalyzing the funding, investment, and other support that may deploy 100 gigawatts of clean energy globally," both nations would establish an "expert group." 

Can OPEC help the UAE when the need arises? 

During a conversation with the energy minister of the United Arab Emirates on Monday, it was said that the alliance of major producers, OPEC+, was "just a phone call away" if consumers considered the need for assistance in balancing the crude oil markets. 

OPEC, which currently has 13 active members in its coalition, including the Middle East and the UAE, enjoys the same perks as every other country in the association. 

What should people expect from this merger between the UAE and the USA? 

First of all, the greenhouse effect has been of deep concern to everyone on the planet, especially those who have had reasons to explore options away from combustible fuel. 

With this new merger, we should see the birth of more electric cars, the use of clean energy for production, possible renewable and green energy, and a safer place for human habitation and its ecosystem. 

Aside from business relationships and sustainability, people would tend to enjoy good air and possibly an increased life expectancy
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