US, UAE to work together on coordinating finance to decarbonise economy

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DUBAI: The US and the UAE will work together on coordinating finance to decarbonise the economy, focusing on areas including hydrogen, renewable energy and low-carbon urban design, a joint statement said on Monday.

US climate envoy John Kerry, who is leading efforts to get countries to step up commitments to cutting emissions, during a visit to UAE took part in a MENA climate dialogue in Abu Dhabi on Sunday.

 “We will particularly focus our joint efforts on renewable energy, hydrogen, industrial decarbonisation, carbon capture and storage, nature-based solutions, and low-carbon urban design,” a joint statement from the US and the UAE carried on state news agency WAM said.

On Sunday, the climate dialogue concluded with another statement that was signed by Bahrain, Egypt, Iraq, Kuwait, Qatar, Sudan, the UAE and the US pledging to accelerate climate action, mobilise investment in a new energy economy and help the world’s most vulnerable cope with climate change.