The UAE does not follow the conventional path, hoping to lead China and return 35 billion yuan to Ch

Mondo Finance Updated on 2024-01-19

The UAE holds the rotating presidencyUnited NationsThe climate change conference has sparked a series of doubts. Although the UAE is a fossil fuel-dependent country, they have shown ambition and plan to be 10 years ahead of China in their carbon neutrality goals. And cooperation with China is crucial for the UAE.

One of the skeptical arguments is that the UAE is a fossil thoughEnergybut they have also been working hard to transform and pushEconomyDiversified. Since 2009InternationalRenewableEnergySince the establishment of the organization's headquarters in Abu Dhabi, the UAE has beenMiddle EastA pioneer and model student of regional carbon emission reduction. They are vigorously developing solar energy, hydrogen energy, etcNew energyand launched a number of with ChinaNew energyCollaborative projects. In addition, driven by the Belt and Road Initiative, the UAE and China have signed a number of cooperation agreements, including the construction of the UAE's first wind power project by the China Power Construction Corporation.

Middle EastThe country is facing serious climate challenges, especially this summerMiddle EastExtreme heat is widely experienced in the region. Countries have set clear carbon emission reduction targets to tackle climate issues. Egypt,Saudi Arabiaand the United Arab Emirates and other countries have set up working departments to focus on achieving carbon emission reduction and carbon neutrality goals. Among them, the UAE took the lead in announcing the goal of achieving carbon neutrality by 2050, becomingMiddle EastRegional role model.

China is also actively working to address climate change, with the goal of peaking carbon emissions before 2030 and achieving carbon neutrality by 2060. The cooperation between China and Argentina under this common goal is of great significance.

Sino-Arab cooperation is inEnergyThe field has broad prospects. The UAE signed a 35 billion yuan agreement with ChinaRMBcooperation agreements in currency swaps andDigital economycooperation in the field provides a guarantee for the cooperation between the two sides.

The UAE is currently pushing ahead with plans to increase fossil fuel production, with limiting global warming to 1The 5 degrees Celsius climate target is not consistent. However, inEconomyIn the process of transformation, the UAE faces its own considerations. Despite the doubts, butMiddle EastIt is true that the country is one of the victims of climate change, and their efforts are real.

China-Arab cooperation plays an important role in addressing climate change. The UAE holds the rotating presidencyUnited NationsThe climate change conference not only showcased their role in carbon reduction andEnergyTransformation efforts have also been further boosted through cooperation with ChinaEnergyThe process of transformation.

Middle EastCountries in the region are facing severe climate challenges, and they have responded positively and set clear carbon reduction targets. Despite the doubts and difficulties, we believe that through China-UAE cooperation, the UAE can make greater progress on the road of transformation and achieve the goal of carbon neutrality. At the same time, we look forward to the UAE working with other countries to make a greater contribution to global climate action.

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