India UAE News: UAE, India discuss economic opportunities for energy transition

Government and business leaders India and United Arab Emirates A series of high-level meetings focused on opportunities in the energy transition and industrial growth.The meeting was held on the sidelines of the UAE Climate Envoy and Minister of Industry and Advanced Technology Dr. Sultan aljabEmirates Official News Agency visits New Delhi on Thursday Ten thousand said.

joint environment minister Bupende Yadav Meeting with Al Jaber on Thursday, the two discussed issues related to climate change, hosting COP 28 and other related matters. Prior to the bilateral meeting, the two ministers also signed a Memorandum of Understanding (MoU) on Climate Action to establish a framework to promote and strengthen bilateral cooperation on climate action and contribute to the implementation of climate action. Paris Agreement.

Following Dr Al Jaber’s meeting with Yadav, the UAE and India agreed to expand bilateral cooperation to accelerate climate action and implement the Paris Agreement, including public-private development on renewable energy deployment, agricultural efficiency, green hydrogen, sustainable finance and carbon markets The partnership is developing, according to the official Wam news agency.

The UAE-India cooperation on climate aims to support India’s ambition to achieve 450 gigawatts (GW) of installed renewable energy capacity by 2030, and is in line with the UAE’s ambition to expand its low- and zero-carbon energy capabilities.

The UAE delegation also met with Indian business leaders to discuss new opportunities, especially in decarbonization and climate solutions.

UAE minister also meets foreign minister S JashankarMinister of Commerce and Industry Piyush Goyal.

The two sides also acknowledged that, with the signing of the Memorandum of Understanding on Climate Change, the two sides will explore how to strengthen bilateral cooperation on climate action, especially in the areas and activities identified in the agreement.