White House: US-UAE relations full of success
Relations between the United Arab Emirates and the United States are witnessing development in many vital areas that shape the economy of the future, including renewable energy, cybersecurity, and advanced technology.
Artificial intelligence is one of the most important files in cooperation between the two countries and their affiliated companies, following the announcement by the UAE's "MGX" of a global partnership to invest in artificial intelligence worth up to $100 billion with Microsoft, BlackRock, and Global Infrastructure Partners.
For her part, Lindsay Merrill, Assistant to US President Joe Biden for Energy and Investment Affairs at the White House, said, "The United States of America and the United Arab Emirates enjoy a strong, long-standing relationship, full of success."
Speaking at the Women’s Economic Empowerment Regional Summit 2024, held in Abu Dhabi on September 18 and spanning three days across three different emirates, Merrill said: “We are currently in a unique moment, as the world seeks to advance the global energy transition, and the rapid digital and technological revolution, and I am sure we will all be having some thought-provoking, disruptive and fascinating conversations about artificial intelligence, as well as the power and infrastructure to support it.”
She explained that they (the US President and the President of the UAE) have opportunities to help their countries, as well as their friends and neighbors around them, to prosper.
Lindsay Merrill touched on the achievements of ADIPEC 2022, including the signing of a strategic partnership to accelerate clean energy, referred to as “PACE”, to invest $100 billion in implementing projects with a production capacity of 100 gigawatts in the UAE, the United States and around the world by 2035.. with the aim of enhancing energy security, spreading clean technology applications and supporting climate action.
“The governments of the two countries seek to stimulate financing, investments and other aspects of clean energy support worth $100 billion by 2035 to support the transition to clean energy,” she continued.
The ambitious plan for the PACE partnership strategy is based on four main pillars, including:
1- Clean energy innovation, financing, deploying solutions and technologies, and strengthening supply chains.
2- Managing carbon and methane emissions.
3- Advanced nuclear energy technologies such as small modular reactors.
4- Reducing emissions from industrial sectors and the transportation sector.
Since its announcement, the PACE partnership has announced projects to enhance each of these pillars in the United States, the UAE, and emerging markets together around the world, according to Lindsey Merrill.
This partnership embodies the joint commitment of the UAE and the United States to advance climate action efforts and raise the ceiling of ambition in this field through concerted efforts, in line with their goals to reach climate neutrality by 2050.
The UAE and the United States continue their efforts to coordinate Working together within a shared vision that emphasizes that the fastest and most reliable path to achieving climate neutrality requires accelerating investment in clean energy technologies and resources, as both sides realize that the success of climate action depends fundamentally on enhancing global energy security, facilitating access to its services, and providing them at reasonable prices.
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