UAE and Austria Monday signed a collaboration deal that will help boost hydrogen production and achieve the country’s net-zero emission targets by 2050, reports say.
The signing took place during the visit of Austrian Chancellor Karl Nehammer, comprising a “permanent framework for collaboration and exchange” in the production, storage, conversion, transport, trade, re-conversion and utilization of hydrogen energy, the Gulf country’s state-run news agency WAM notes.
“[The agreement] will build on the strengths of each party and contribute to the UAE’s position as a leading global energy producer,” said Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, who signed the MoU.
According to Elisabeth Köstinger, Austria’s Federal Minister of Agriculture, Regions and Tourism, the UAE offers ideal conditions for green hydrogen production, while Austria has decades-long experience in gas transport, storage and infrastructure.
“We have decided to combine our respective comparative advantages for the greater good,” she said.
UAE inks MoU with Austria to boost hydrogen production
