Washington announced on Tuesday a $100 billion deal with the United Arab Emirates to boost a transition to clean energy, just days before the UN climate conference COP27. “Through the Partnership to Accelerate Clean Energy (PACE), the United States and the United Arab Emirates will focus on the incremental development of low-emission energy sources, with the goal of deploying 100 gigawatts of clean energy globally to 2035”. White House spokeswoman Karine Jean-Pierre said in a statement.
The statement underscored that the two partners will raise “$100 billion to finance clean energy in the two countries, support significant business investment, and provide other assistance to emerging countries whose clean development is underfunded and essential to the global climate effort.” .
An approach in a context of tensions between Washington and Riyadh
US President Joe Biden will attend the UN COP27 climate conference taking place from November 6-18 in Sharm el-Sheikh, Egypt. He said Friday that he wanted to build on “the considerable work that the United States has undertaken to advance the fight against climate change globally.” The United Arab Emirates will host the next edition of the UN climate conference, COP28, in 2023.
This joint initiative by the United States and the United Arab Emirates comes at a time when relations between Washington and its historical partner in the Middle East, Saudi Arabia, are tense. On October 5, OPEC+, the 13 members of the Organization of Petroleum Exporting Countries (OPEC) led by Saudi Arabia and its 10 partners led by Russia, decided to cut their black gold production quotas, to support crude oil. prices that were falling.
The move angered US President Joe Biden ahead of the crucial midterm elections on November 8, with the US administration accusing Riyadh of playing into Russia’s hands in its attempt to finance its war against Ukraine.
Source: BFM TV
