In a recent meeting between Saudi Arabia and France, both countries acknowledged the importance of building energy cooperation in the renewable sector.
An agreement was also signed during the meeting of Saudi Energy Minister Abdulaziz bin Salman during his recent visit to France. Through the agreement, the two countries recognised energy as one of the crucial pillars for building a partnership. Also, they created a roadmap for cooperation on future endeavours in green hydrogen, electricity from renewable energy.
The meeting could be seen as an important strategic step in recognizing the use of green hydrogen as a clean fuel that can be used to reach the common goal of sustainable economic development and mitigating the effect of climate change. It is also central to identifying energy as an important component for building a partnership and achieving the goals of the UNFCCC (United Nations Framework Convention on Climate Change) and the Paris Agreement.
The agreement also highlighted the use of green hydrogen in the renewable energy matrix and its importance in building a competitive framework to be implemented across industries for power generation, buildings, and other sectors. Through this agreement, both countries would establish a joint task force for formulating a cooperative network to enhance cooperation in electricity generation from renewable energy.
It is also important in electricity exchange, grid integration projects, generation, transmission and distribution, storage, and network automation. Through a joint effort, both countries agreed to build a safe framework for managing radioactive waste and nuclear applications.
The agreement is an important step in strengthening cooperation in other areas of clean energy production, such as nuclear energy, to build a common framework for managing nuclear applications.
It is also an important step in enhancing cooperation on utilizing their resources. The cooperation is built on three pillars: Technological development, Business Cooperation, and Policies to produce electricity from hydrogen and to build an effective supply chain. The meeting marked an important point in Saudi Arabia and France’s cooperation in green hydrogen and other domain of renewable energy.