21 Jumada II 1446 - 22 December 2024
    
Sign up for newsletter
Eye of Riyadh
Business & Money | Thursday 29 August, 2024 10:41 am |
Share:

MoEI collaborates with RAK Petroleum Authority to drive transition to sustainable energy

The Ministry of Energy and Infrastructure (MoEI) and the Ras Al Khaimah Petroleum Authority (RAKPA) have entered into a Memorandum of Understanding to strengthen their partnership within the energy sector.

 

The MoU was signed by Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI, and Christopher Wood, Chief Executive of RAKPA.

 

It serves as an enabler for collaboration on sustainable energy transformation, focusing on activities such as sharing geological, geophysical, and hydrogeological surveys and studies, conducting research on natural hydrogen, investigating carbon capture via mineralisation, and evaluating geothermal energy potential in Ras Al Khaimah and the UAE.

 

These initiatives are part of a shared commitment to a low-carbon future, supporting the growing demand for energy while aiming to achieve common goals in the sustainable transformation of energy.

 

Al Olama commented, “Our commitment to enhancing synergy among government entities to achieve national energy targets and drive a shift to sustainable energy is unwavering. Our partnership with RAKPA is in line with this commitment and a major step in realizing the UAE’s net zero by 2050 objective that has been underscored at the 28th UN Climate Change Conference (COP28).”

 

He added, “The collaboration with RAKPA contributes to our efforts to transition to clean energy and enhance environmental sustainability through integrating innovative technologies, such as natural hydrogen and carbon sequestration. This will help us achieve our national vision of making the UAE a leader in clean and renewable energy and ensuring a sustainable future for next generations.”

 

Christopher Wood said, “This MoU highlights RAKPA's commitment to driving innovative energy solutions in Ras Al Khaimah. Teaming up with the Ministry of Energy and Infrastructure enables us to combine our expertise to explore cutting-edge technologies in natural hydrogen production and carbon capture and storage.”

 

Both entities intend to collaborate on organising joint technical and regulatory workshops while also initiating studies on emerging energy technologies.

 

Share:
Print
Post Your Comment
ADD TO EYE OF Riyadh
RELATED NEWS
MOST POPULAR
EY launches academy in KSA to meet workforce needs
EY launches academy in KSA to meet workforce needs
Thursday 19 December, 2024 10:35