clearly laying out an intention to import 10m tonnes of hydrogen by 2030 from a number of sources, including the Gulf monarchies. The GCC states also cooperate closely with European energy giants, medium-sized companies, and even start-ups in the hydrogen production process. Among the GCC capitals, Muscat, Abu Dhabi, and Riyadh are particularly act
the International Energy Agency
Oman, Bahrain, and Kuwait – lag even farther behind. In the International Energy Agency’s global scenario for net zero by 2050, the world needs to be capturing 1,200m tonnes per annum by 2030, with CO2 transport infrastructure and storage capacity increasing at the same rate. As part of their CO2 strategy, the Gulf monarchies have also bet on
suggests that there will likely
Make it happen Pathways to decarbonisation All of this suggests that there will likely continue to be significant divergences in the parties’ perspectives at COP28. However, there is also a substantial convergence of interests in several domains that could advance the green transition. The most effective way to address this challenge is to look b
renewable energy in the GCC
Renewable Energy Agency, an increase in the use of renewable energy in the GCC region of 80GW by 2030 would allow the monarchies to conserve about 11 trillion litres of water, as well as 400m barrels of oil, per year. This would also create more than 200,000 jobs. The green transition will be a given in the region, but the GCC states want that tran
scientific research and training
The memorandum also promotes cooperation on cross-cutting issues such as the localisation of materials, products, and services in the energy supply chain, and joint scientific research and training. Italy has emerged as the third active member state. Alongside LNG cooperation, Italian energy multinational Eni signed a memorandum of understanding wi