The move is aimed at reducing the global dependence on Russian energy exports by stabilising energy markets. In addition to energy efficiency, bolstering nuclear and renewables will also be part of the new agreement as well as expediting the development of clean hydrogen globally.
The initiative will be steered by a new UK-US Joint Action Group, led by senior officials from the UK government and the White House.
“Together the UK and US will ensure the global price of energy and the security of our national supply can never again be manipulated by the whims of a failing regime,” said UK Prime Minister Rishi Sunak.
“We have the natural resources, industry and innovative thinking we need to create a better, freer system and accelerate the clean energy transition. This partnership will bring down prices for British consumers and help end Europe’s dependence on Russian energy once and for all.”
The war in Ukraine has caused an international spike in energy...