Denmark and the UAE – two of the world’s major players in clean energy – have signed a pact to collaborate on advancing renewable and sustainability developments.
The agreement was signed by in Abu Dhabi this week by Masdar chief executive Dr Sultan Al Jaber and Rasmus Helveg Petersen, the Danish minister of development co-operation.
The deal outlines various areas of collaboration, including policy exchange to support sustainable development, commercial renewable energy development and the advancement of carbon capture and storage technologies.
Dr Sultan Al Jaber said: “The world must diversify its energy sources and accelerate cutting-edge technologies that enable societies to be more resource efficient.
“Increased collaboration is critical in meeting rising global energy demands and mitigating the effects of climate change. Solving these two challenges, however, must be viewed as an economic opportunity in order to attract private sector investment and to push the boundaries of technology.”
One plan for the collaboration is to a base in Masdar City (pictured), Abu Dhabi’s clean-tech city, to act as a hub for Danish companies to accelerate the adoption of sustainability technologies in the Middle East.
Petersen said: “Abu Dhabi and Denmark recognize the economic and environmental returns of investing in and deploying clean energy.
“This partnership outlines specific opportunities and technology areas for us to share expertise and bring forward clean-energy and sustainability projects. In particular, the establishment of a Danish incubator at Masdar City is a key step in finding synergies between Abu Dhabi’s strong new-energy industry and Denmark’s green growth economy.”