European Commission and Saudi Arabia negotiate an MoU on energy cooperation to accelerate energy transition and support Paris Agreement and COP28 objectives.

European Commission and Saudi Arabia are working towards concluding an MoU on energy cooperation. The MoU aims to accelerate energy transition, provide a framework for investment decisions, and engage stakeholders from various sectors. Discussions also focused on enhancing energy and clean tech collaboration to support Paris Agreement and COP28 objectives, including private investment in renewable energy, electricity interconnection, and integrating renewables into the grid.

April 28, 2024
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