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Rishi Sunak has hailed a \u201cmassive\u201d investment deal in a UK wind farm from COP28 in Dubai.<\/p>\n

Speaking at a press conference this afternoon, the Prime Minister confirmed UAE state-owned firm Masdar and German-based renewables firm RWE will join the project, investing up to \u00a311billion.<\/p>\n

Mr Sunak said the deal was \u201cmassive\u201d and would help Dogger Bank wind farm become the largest in the world.<\/p>\n

The PM told reporters in the UAE: \u201cI\u2019m pleased to announce a new deal between Masdar and RWE, which includes a commitment to jointly invest up to \u00a311billion into the UK\u2019s new wind farm at Dogger Bank \u2013 which will be the biggest in the world.<\/p>\n

\u201cThis is a huge boost for UK renewables: creating more jobs, helping to power three million homes, and increasing our energy security.<\/p>\n

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\u201cAnd, by the way, this comes just days after we announced \u00a330 billion of investment at our Global Investment Summit\u2026 and \u00a321 billion of investment from South Korea.<\/p>\n

\u201cWe\u2019ve quite frankly never seen a week like it.\u201d<\/p>\n

The Dogger Bank wind farm will be completed by 2026, and is expected to generate a combined energy capacity of 3.6 gigawatts, enough to power millions of homes.<\/p>\n

It produced power for the first time in October this year, being hailed as a major step forward for Britain\u2019s energy security.<\/p>\n

Despite reports that Mr Sunak\u2019s recent delay to certain Net Zero targets may leave him an outcast at the global eco summit, the Prime Minister denied any world leaders had raised concerns about the UK\u2019s recent changes.<\/p>\n

He claimed fellow world leaders had in fact been \u201cgrateful\u201d for his stance.<\/p>\n

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• <\/p>\n

  While the King said the Earth is heading for \u201cdangerous, uncharted territory\u201d and has reached \u201calarming tipping points\u201d, Mr Sunak argued the UK can only do so much as a tiny global emitter.<\/p>\n

  Asked whether he was concerned by Joe Biden and Xi Jinping\u2019s failure to turn up for the summit, Mr Sunak said \u201cclearly it\u2019s the large emitters who have to bring down their emissions\u201d.<\/p>\n

  However he promised the UK would help them achieve that goal.<\/p>\n

  \u201cThe UK accounts for less than 1 percent of global emissions, that is just the reality of it, so all of us who believe in climate change and want to make sure we leave our planet in a better shape for our kids and grandkids have to acknowledge that in reality what we do isn\u2019t going to be the difference in terms of our emissions.<\/p>\n

  \u201cLots of the conversations I\u2019ve been having today are about \u2018how do we leverage what we\u2019re doing in our country to help others throughout the world?\u2019<\/p>\n

  \u201cWhether it\u2019s exporting off shore wind technology – and I point you back to the deal we announced today, a massive massive investment in UK offshore wind from the UAE. Why? Because we\u2019re a massive leader in it\u2026; or in climate finance,\u201d<\/p>\n

  Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Rishi Sunak has hailed a \u201cmassive\u201d investment deal in a UK wind farm from COP28 in Dubai. Speaking at a press conference this afternoon, the Prime Minister confirmed UAE state-owned firm Masdar and German-based renewables firm RWE will join the…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"\n