Oman and the Republic of Korea have signed a memorandum of understanding (MoU) to enhance cooperation in the field of green energy transition. The MoU was signed by Oman’s Ministry of Energy and Minerals and South Korea’s Ministry of Environment. The agreement reflects the strong bilateral relations between the two countries and their mutual interest in advancing green transition efforts.
Key aspects of the MoU include:
- Understanding and Cooperation: The MoU aims to foster a better understanding of green transition policies and technologies. It encourages cooperation between the governmental, industrial, and research institutions of both countries.
- Policy and Program Development: The two countries will collaborate in devising green transition policies and programs. This includes the development of technologies for environment conservation throughout the production, storage, delivery, and use of green energy.
- Capacity Building: The MoU supports building capacities to address climate crises and promote climate resilience.
- Industry Cooperation: Cooperation will extend to industries that contribute to green transition, research activities, development affairs, and other related areas.
Oman’s strategic plans for energy transition align with global goals to reduce carbon emissions, promote sustainable development, and diversify energy sources. The Ministry of Energy and Minerals is actively seeking local and international partnerships to achieve the country’s transition to green energy. This includes the implementation of clean energy projects and the promotion of investments in green hydrogen.
The MoU with South Korea underscores Oman’s commitment to advancing its green transition efforts and leveraging international partnerships to achieve its energy and environmental goals.