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Gulf Producers Hasten Clean Energy Plans

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AP_187071929148-MIDEAST CLIMATE TALKS SOLAR DREAMS

There is no doubt that 2021 marked a turning point for Mideast Gulf oil and gas producers. Three countries, led by Opec members the United Arab Emirates and Saudi Arabia, adopted net-zero emission targets amid recognition that the low-international energy system's transition into a low-carbon future is both inevitable and unstoppable. As such, regional states are accelerating clean energy initiatives, signaling their intent to play constructive roles in the intensifying battle against climate change at a time of globally rising social and political pressures. Action is being taken also amid recognition that the region itself is facing climate risks such as higher temperatures, rising sea levels and a decrease in rainfall, Masdar CEO Mohamed al-Ramahi said at this week's Abu Dhabi Sustainability Week (ADSW). Detailed policies and roadmaps have yet to be revealed and not all countries will adopt the same strategy. But a clearer picture is beginning to emerge as new initiatives in areas such as carbon, capture and storage (CCS), renewables, nuclear power and especially blue and green hydrogen are picking up pace. With COP27 and COP28 to be hosted in Egypt and the UAE in 2022 and 2023, respectively, the region's producers are especially keen on having concrete results to show.

Topics:
Low-Carbon Policy, Hydrogen, Gas Supply, LNG Supply, Oil Supply, Carbon Capture (CCS)
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