The Abu Dhabi Department of Energy (DoE) has signed a preliminary agreement with Colombia's Ministry of Mines and Energy to boost co-operation in the energy sector.
As part of the five-year agreement, the two entities will explore opportunities to team up in financing projects related to the production, use and storage of hydrogen, as well as large-scale, non-conventional renewable energy projects, the department said on Thursday.
“The Abu Dhabi Department of Energy is committed to enhancing co-operation and building partnerships with relevant authorities in countries around the world,” DoE undersecretary Ahmed Al Rumaithi said.
“We believe partnership is a powerful approach to achieving our objectives, developing the energy sector, enhancing energy efficiency and meeting the needs and requirements of the local market for reliable and sustainable energy and water supplies now and in the future.”
Hydrogen is a key focus for the UAE as part of its energy diversification efforts, with the country aiming to capture about 25 per cent of the global market.
It is in discussions with many countries to export it, Suhail Al Mazrouei, Minister of Energy and Infrastructure, said this year.
Abu Dhabi is also focusing on developing a new hydrogen policy with regulations and standards as it seeks to become a “leader in the international hydrogen market”.
Last year, Adnoc, Mubadala and industrial holding company ADQ signed a preliminary agreement to form a hydrogen alliance focusing on low-carbon green and blue hydrogen.
Blue hydrogen is extracted from natural gas, through a process called methane reformation, which relies on carbon capture and storage, while green hydrogen is produced entirely from renewable sources.
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities, and is expected to generate $2.5tn in direct revenue by 2050 as its production increases sixfold.
As part of the agreement, Abu Dhabi and Colombia will also focus on the promotion of sustainable transport from clean energy sources and technology development related to advanced energy measurement and monitoring systems.
It will also focus on energy service access, including renewable energy solutions, and the promotion of foreign investment in the sector.
The two entities will explore opportunities to collaborate in capability development and the sharing of knowledge and information, as well as support joint projects and initiatives in the energy sector.
They will also seek to promote the development of bilateral scientific, technical, technological, administrative and commercial co-operation in the sector.
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
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The biog
Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
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Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
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Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
