taken significant steps to develop

led by the Belgian company DEME. This would rise to 3.25-3.75 megatonnes by 2040 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 D

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strategic interest in funding similar

The potential for a viable commercial reuse of captured CO2 for major fossil fuels producers is substantial. GCC states would have a very strong strategic interest in funding similar innovative research in pursuit of the necessary technological breakthroughs. A partnership with the EU and member states would act as a much-needed accelerator. Hydrog

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sustainable, and the global focus

Today, the only form of large-scale, permanent, and profitable carbon sequestration is enhanced oil recovery (EOR), whereby the captured carbon is reinjected to extract more oil or gas. In fact, nearly 70 per cent of CO2 captured globally is currently used for EOR. This is clearly not sustainable, and the global focus should be on more innovative s

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storage capacity increasing

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 nature-based solutions, such as: restoring wetlands, conserving mangrove forests, protecting

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regulatory frameworks and urban

their use of “district cooling”, which improves efficiency by consolidating supplies of cold air to distribute across densely populated areas. But governments need to do more to encourage this through specific regulatory frameworks and urban planning. At the same time, GCC markets are still overflowing with cheap and energy-inefficient air cond

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