The United Arab Emirates and Britain have signed a memorandum of understanding to enhance strategic and technical cooperation in the energy sector.
The MoU was signed over the weekend when Britain’s Business and Energy Secretary, Grant Shapps, visited Abu Dhabi.
The MoU would make sharing of technical knowledge, advice, skills and expertise possible, while it would also open up new frontiers for cooperation between the two countries on energy and climate, and enhance jobs and investment in the UK.
“International cooperation on energy and climate with close partners like the UAE is vital and as they take centre stage as hosts of COP28 later this year, they will have our full support every step of the way,” Shapps was quoted to have said.
As host of COP26 in 2021 in Glasgow, Britain has been looking for ways to increase its energy security after it became a more urgent political issue in light of threats to long-term gas supplies across Europe following Russia’s invasion of Ukraine.
“The MoU is greatly significant in light of the common interest of both countries as it helps them implement an energy policy that would provide low-carbon, safe and sustainable energy supplies at affordable prices,” UAE Energy Minister Suhail al-Mazrouei was quoted to have said by the country’s news agency, WAM.
The MoU also includes cooperation in peaceful nuclear energy, the field of low-carbon hydrogen, and bolstering collaboration in clean and renewable energy, WAM added.
Story was adapted from Reuters.