UAE aims to become one of world's top 10 hydrogen producers
- UAE targets 25% of key low-carbon hydrogen market
- The UAE is bullish on hydrogen and has been working on a comprehensive roadmap to position itself as a clean fuel exporter and tap its future potential
The United Arab Emirates, the second-largest economy in the Arab world, aims to become one of the world's top 10 hydrogen producers, an Energy and Infrastructure Ministry official said. Sharif Al Olama, Undersecretary for Energy and Petroleum at the Ministry, said at Abu Dhabi Sustainability Week that the UAE has made great progress in developing clean hydrogen technology to reduce the cost of hydrogen as a sustainable energy source.
Mr. Al Olama said that we in the UAE aim to capture 25% of the main market for low-carbon hydrogen and aspire to become one of the top ten hydrogen producers in the world within this decade.
Global hydrogen demand is projected to increase to more than 600 million metric tons per year by 2050, accounting for 12% of total global energy demand. Hydrogen, which can be produced using renewable energy and natural gas, is expected to play a key role in the coming years as economies and industries transition to a low-carbon world to mitigate climate change.
French investment bank Natixis estimates that hydrogen investment will exceed $300 billion by 2030. Siemens Energy is working with DEWA on a $13.6 million hydrogen pilot project. The pilot project aims to demonstrate how solar energy can be used to produce hydrogen, and how the clean fuel can be stored and re-energized.
Waste-to-energy is another promising clean energy option and we are already taking serious steps to realize our first waste-to-energy plant, delivered by Beeah in partnership with Masdar, with three more projects to follow over the next few years Proceed, Mr Al Olama said.
The region's first waste-to-energy plant, which processes up to 300,000 tonnes of waste from landfills each year, was established by Emirates Waste to Energy, a joint venture between Sharjah environmental management company Beeah and Abu Dhabi renewable energy company Masdar. First announced in 2018, the plant will increase Sharjah's landfill diversion rate from the current 76 percent to 100 percent. The UAE plans to invest AED600 billion in clean and renewable energy projects over the next 30 years, with the goal of achieving net zero emissions by 2050.
It is building the 5 GW Mohammed bin Rashid Solar Park in Dubai. Abu Dhabi is developing a 2 GW solar power plant in its Al Dhafra region and has set a target of 5.6 GW of solar PV capacity by 2026.
By 2025, the Barakah Nuclear Power Plant will generate 85% of Abu Dhabi's clean electricity and will be the largest contributor to reducing carbon emissions in the UAE's power sector. The United Arab Emirates and the United States said on Sunday they would allocate $20 billion to fund 15 gigawatts of clean and renewable energy projects in the United States by 2035, the first wave of investments under their $100 billion clean energy partnership.
New energy moves in the United States are also very fast
The investments, which will be led by Masdar and a consortium of private US investors, were announced on Sunday at a briefing for business and climate leaders during Abu Dhabi Sustainability Week. The two countries signed a strategic partnership in November 2022, planning to invest US$100 billion to produce 100 GW of clean energy globally by 2035.
We are actively promoting the deployment of renewable energy solutions, with many large-scale projects already in operation and many more under development, said Mr Al Olama.
Today, the UAE is one of the world's largest investors in renewable energy, having invested $50 billion in renewable energy projects in more than 70 countries, including the 31 island developing countries most vulnerable to climate change. The UAE has also committed to investing an additional US$50 billion over the next decade to accelerate the clean energy transition.
The IEA said in its World Energy Outlook in 2022 that investment in renewable energy would need to double to more than $4 trillion by the end of the decade to meet its net-zero emissions target by 2050. Mr Al Olama said renewables accounted for nearly 81% of all new energy capacity in 2022, but we must scale up now.Editor/Xing Wentao
Vietnam, Laos join forces on US$6.3 billion railway project
Crown Estate wins 1.9GW of floating offshore wind projects in Scotland
Adnoc signs low-carbon ammonia project agreement with Germany
Sweden's OX2 to develop 1.9GW offshore energy hub in Baltic Sea
Saudi Aramco is doubling down on Chinese energy supplies
Africa could become an important supplier of green hydrogen to Europe