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The United States and the United Arab Emirates are partnering on an investment of $100 billion in clean energy financing in both countries. The new Partnership for Accelerating Clean Energy (PACE) has the goal of deploying 100 gigawatts of clean energy globally by 2035 and is focused on the development of low-emission energy sources.
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PACE is built on four pillars: clean energy innovation, deployment, and supply chains; carbon and methane management; nuclear energy; and industrial and transport decarbonization. The U. and UAE plan to set up an expert group to measure progress in achieving the goal to catalyze $100 billion in investment.