Philippines and UAE Sign Energy Transition MOU for Sustainable Development
Key Ideas
  • The Philippines and the United Arab Emirates have signed a Memorandum of Understanding (MOU) on Energy Transition Cooperation to boost renewable energy and advance sustainable development.
  • The partnership aims to increase the share of renewables in the Philippines' power mix to 35% by 2030 and 50% by 2040, while also focusing on energy efficiency, conservation, and the adoption of alternative fuels and emerging technologies.
  • The collaboration will attract investments in energy infrastructure, create new job opportunities, enhance local expertise, and support the development of a robust energy ecosystem in the Philippines.
  • The MOU includes areas of collaboration such as renewable energy, liquefied natural gas, nuclear energy, energy efficiency, and the promotion of hydrogen as an alternative fuel, with a focus on technology development and investment in hydrogen projects.
The Philippines and the United Arab Emirates have signed a Memorandum of Understanding (MOU) on Energy Transition Cooperation to address energy demand in the Southeast Asian country. The MOU outlines collaboration in various areas including renewable energy, liquefied natural gas, power generation, nuclear energy, energy efficiency, and alternative fuels. The partnership aims to boost renewable energy in the Philippines, with targets set to raise the share of renewables to 35% by 2030 and 50% by 2040. Additionally, the agreement focuses on energy savings, electric vehicle penetration, and the adoption of advanced grid technologies. The collaboration is expected to bring investments in energy infrastructure, create employment opportunities, enhance local expertise, and support the development of a strong energy ecosystem in the Philippines. The MOU also includes promoting hydrogen as an alternative fuel, with efforts to drive investments and technology development in hydrogen projects. This partnership signifies a positive step towards sustainable development and energy transition for both countries.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.