The framework agreement outlines specific areas of collaboration, including policy exchange to support sustainable development, commercial renewable energy development and educational and job exchanges.
The UAE, through Masdar, is delivering nearly 1 gigawatt of clean power globally while Denmark's energy policies mean that is on its way to generating 100% of its energy from renewable sources. Nearly 11% of the county's total exports are green technology products.
"The world must diversify its energy sources and accelerate cutting-edge technologies that enable societies to be more resource efficient," said HE Dr Sultan Al Jaber, UAE minister of state and CEO of Masdar. "Increased collaboration is critical in meeting rising global energy demands and mitigating the effects of climate change. Solving these two challenges, however, must be viewed as an economic opportunity in order to attract private sector investment and to push the boundaries of technology."
One of the areas of collaboration is establishing a Danish Incubator at Masdar City - Abu Dhabi's low-carbon, sustainable city - to serve as a hub for Danish companies and to accelerate the adoption of sustainability technologies in the MENA region.
"Abu Dhabi and Denmark recognize the economic and environmental returns of investing in and deploying clean energy," said Rasmus Helveg Petersen, Danish minister of development cooperation. "This partnership outlines specific opportunities and technology areas for us to share expertise and bring forward clean-energy and sustainability projects. In particular, the establishment of a Danish Incubator at Masdar City is a key step in finding synergies between Abu Dhabi's strong new-energy industry and Denmark's green growth economy."
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