and 7.5-8.5 megatonnes by 2050. The UAE has also taken significant steps to develop green hydrogen, within its borders and abroad. In 2021 the UAE inaugurated the largest hydrogen plant in the Middle East and North Africa, a joint initiativebetween Siemens Energy and Dubai Electricity and Water Authority, and started building the region’s first d
found it could be cost-competitive
a process that permanently captures (that is, mineralises) CO2 within peridotite rock formations. The UAE and Oman have already studied the potential of this solution in a pilot project, which found it could be cost-competitive and compatible with the GCC environment, where peridotite is abundant. The EU recognises mineralisation as a permanent seq
GCC policymakers’ discourse
Energy efficiency and electrification have been part of GCC policymakers’ discourse for decades. Per capita energy consumption rates in the GCC are among the highest in the world, exacerbated by economic growth based on energy-intensive industries, a development and construction boom, and growing populations. GCC countries score low on energy eff
result in commitments to phase
Like its predecessor in Egypt, COP28 is thus unlikely to result in commitments to phase out fossil fuel production. The UAE is designing COP28 around the approach of accelerating the energy transition without fossil fuel producers having to compromise their hydrocarbons-funded economic growth. This thinking very much reflects the contradictions of
understanding with Saudi Arabia
Italy has emerged as the third active member state. Alongside LNG cooperation, Italian energy multinational Eni signed a memorandum of understanding with Saudi Arabia’s minister of investment in September 2022 that covers sustainable mobility, the circular economy, and the chemical industry. The Italian government promoted the first pre-COP28 eve