This Tuesday Uruguay signed a Memorandum of Understanding on Renewable Energy Cooperation, Energy Efficiency and Green Hydrogen with the European Union (EU) in the framework of the summit between the Community of Latin American and Caribbean States (CELAC) and the EU.
As confirmed by the Foreign Ministry, this signature allows negotiations to be concluded with the European group for renewable energy. “The instrument will strengthen the progress made to consolidate Uruguay as a supplier of green hydrogen and the establishment of a common framework that will provide fluidity for this trade,” the portfolio establishes through its social networks.
In this sense, it is stressed that this signing is a milestone “that represents an agreement for the carbon neutrality by 2050 and a great boost to the green hydrogen industry” for Uruguay.
Firm steps
Uruguay continues to make progress in the green hydrogen business, progress that was reflected in March with the signing of an agreement with a German company which coincides with the intentions embodied in the memorandum signed today.
under the “Berlin Energy Transition Dialogue 2023” (BETD) that took place in the German capital, the Minister of Industry, Energy and Mining (MIEM), Omar Paganini, signed the agreement that incorporates Uruguay into a select group of countries with which Germany cooperates closely in energy matter. Among the advantages that the country could acquire is the possibility of exporting hydrogen to Europe.
Energy Partnership is an instrument of Federal Ministry for Economic Affairs and Climate Action for countries committed to the full energy transition, in order to create a global network to facilitate the exchange of intergovernmental energy policies and promote innovation in that area and economic cooperation. With this agreement, Uruguay will join Algeria, Brazil, Canada, Chile, China, Ethiopia, India, Japan, Jordan, Mexico, Morocco, South Africa, South Korea, Turkey, Tunisia, Ukraine and United Arab Emirates.
The signing of a joint declaration of intent established a general framework to promote the dialogue on energy policy and technical cooperation that today is reinforced with the signing at the Celac-EU summit. This will allow the development and improvement of sustainable infrastructures, as well as the creation of modern and efficient markets, in particular, through the promotion of a greater use of renewable energies and related technologies.
Source: Ambito
