The International Renewable Energy Agency (IRENA), on this day, passed a memorandum of understanding (MoU) with United Arab Emirates (UAE) Ministry of Energy as well as Industry to collaborate in the renewable energy field and motivate an accelerated shift to low carbon sources of energy.
The memorandum of understanding, signed by IRENA Director-Generall Francesco La Camera and the Undersecretary of the United Arab Emirates Ministry of Energy, His Excellency Doctor Matar Hamad Al Neyadi amid United Arab Emirates Energy Minister, His Excellency Suhail Al Mazrouei, during the Sustainability Week of Abu Dhabi.
His Excellency Suhail bin Mohammed Al Mazrouei, who is the Minister of Energy and Industry, stated that signing of memorandum of understanding with International Renewable Energy Agency emerges in line with the vision of the United Arab Emirates. The direction of the wise leaders of the United Arab Emirates targeted at advancing sustainable development in United Arab Emirates, improving renewable energy use, as well as backing and developing relevant regulations and organizing frameworks.
H.E Minister Mazrouei confirmed that the memorandum of understanding targeted at endorsing the open data exchange and permitting the United Arab Emirates to acquire fresh ideas and benefit from most excellent practices in the renewable energy field. He stated these efforts targeted at accomplishing the United Arab Emirates Vision 2021, which is the objective of forming a maintainable United Arab Emirates environment.
The director of International Renewable Energy Agency, General Francesco La Camera, stated that the case for recyclable energy in the United Arab Emirates and across the Gulf is not questionable. Currently, wind and solar are the nation’s most cost-efficient new power generation sources. It has contributed to growth, diversification of the economy, and sustainable development in the Emirates.
La Camera stated that the agreement marked an additional strengthening of the close relationship of the Agency with the government of the United Arab Emirates as it graphs a fresh course of energy leadership in the 21st century. La Camera added that, together with the Ministry of Energy, International Renewable Energy Agency would operate in exploring the full potential of the United Arab Emirates’ massive and diversified sources of energy.
For his part, His Excellency, Doctor, Matar Hamad Al-Neyadi, who is the Undersecretary of the Ministry, stated that the goal of this memorandum of understanding is to be able to organize as well as exploit collaboration between the Ministry and the general secretariat of IRENA in a bid to offer paybacks to the two parties.