Saudi Arabia and UK Work Together to Develop Low Carbon Technology
The UK and the Kingdom of Saudi Arabia have agreed to share knowledge and expertise to develop technologies to reduce carbon emissions.
UK Business Secretary Greg Clark earlier this month signed a Memorandum of Understanding (MoU) on clean energy with Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid A Al-Falih.
In the MoU, the two nations have agreed to work together in a range of new technologies that promise to help fight the issue of climate change and aid them in meeting their Paris Climate Change Agreement commitments.
The agreement envisages the sharing of expertise in fields including clean energy, smart grids, electric vehicles and carbon capture usage and storage – a technique that traps, stores and use carbon emissions as feedstock.
Speaking after signing the MoU, Greg Clark said: “Our Industrial Strategy sets out a long-term plan to build a Britain fit for the future. This means equipping our economy to take advantage of new opportunities and build resilience to new risks.
“The global shift to clean growth is one of the most foreseeable and significant global economic trends and will transform many sectors of the economy, including power, transport, construction, energy-intensive industries and agriculture.”
He added: “This Memorandum of Understanding will help both the UK and Saudi Arabia make the most of this shift.”
Khalid A Al-Falih explained that the MoU is part of his country’s plan of action to tackle climate change while growing industrially, saying: “Through our Vision 2030, Saudi Arabia has a blueprint to guide its future development through diversifying our energy mix, expanding on key industries and mining opportunities, as well as investing on science and innovation to meet current challenges.”
The MoU is designed to help both the UK and Saudi Arabia fulfil their respective industrial strategies in the coming years. These call for continued growth but with reduced carbon emissions.
As part of the agreement, the two countries will undertake an annual Energy and Industry Dialogue to identify future areas of collaboration. The UK and Saudi Arabia will hold further discussions on energy matters when Greg Clark visits Riyadh later this year.