Thank you
@EDTD for sharing the general content of management's response to your email enquiry. Good to hear it was reassuring and that we're on track. Your last 4 words of this sentence are rather exciting:
"I came away from reading it very comfortable that there is no real stumbling block on tech or commercials, merely the molasses-like flow of bureaucracy responding to change,
which perhaps concluded recently."
Thank you also in your
Post #:72261572 last week for providing the link to the post on the U.S. Embassy and Consulate in the United Arab Emirates' website on PACE (the U.S.-UAE Partnership for Accelerating Clean Energy), dated 19 December, 2023. The entire overview is an informative read, but the first 2 paragraphs and one towards the end on the DFC particularly underscore the email info you shared in your post above. For any who have yet to see it, I can't get the link below to copy in blue, but if you paste it into your browser, the post will come up.
"The U.S.-UAE Partnership for Accelerating Clean Energy (PACE
) accelerates today’s technologies and commercializes the technologies of tomorrow to deliver low carbon energy and help us address the threat of climate change. Launched in November 2022, PACE focuses the diplomatic, economic, and technological resources of the United States and the United Arab Emirates
towards the wholesale reinvention of our energy system to reach our shared net-zero emissions objectives.
PACE aims to catalyze $100 billion in investment and 100 gigawatts of clean energy globally by 2035. In addition, PACE will endeavor to push forward the commercialization of several key clean technologies needed for decarbonization in the coming years.
PACE projects and collaborations can take place wherever energy is produced or consumed: in the United States, in the UAE,
and in third countries. The PACE initiative is organized around four thematic pillars:
Development Finance Corporation (DFC)U.S. International Development Finance Corporation (DFC) is America’s development finance institution. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today, investing across energy, healthcare, critical infrastructure, and technology.
In December 2023, DFC and Masdar signed a letter of intent to collaborate on clean energy projects in developing countries."https://ae.usembassy.gov/u-s-uae-partnership-for-accelerating-clean-energy/#:~:text=Launched%20in%20November%202022%2C%20PACE,shared%20net%2Dzero%20emissions%20objectives
