A longstanding challenge in the hydrogen ecosystem is the required upgrade of existing energy infrastructure and the construction of new infrastructure. These span from hydrogen-ready pipelines and a refuelling network in ports and import terminals, to tank storage systems and salt caverns. GCC hydrogen exports to Europe will likely take place via
derivatives such as ammonia
Finally, new types of hydrogen infrastructure – including fuelling systems, pipelines, port upgrades, and ammonia synthesis and shipping systems – will ultimately have to be developed to scale up hydrogen use globally. Without pipelines, hydrogen needs to be converted into derivatives such as ammonia or synthetic fuel, or could be used to produ
billion trees across the Middle
As part of their CO2 strategy, the Gulf monarchies have also bet on nature-based solutions, such as: restoring wetlands, conserving mangrove forests, protecting salt marshes, restoring forest habitats, and planting trees. In March 2021, as part of its Green Initiatives, Riyadh announced that it aimed to plant 50 billion trees across the Middle East
the European Hydrogen Bank
two tranches of green bonds aimed at supporting the local green agenda. The EU, for its part, has a diversified portfolio of climate finance instruments and frameworks (such as the European Hydrogen Bank and several environmental, social, and governance investment models) which could serve as inspiration for the UAE’s goals on climate finance at
more relevant for policymakers
However, climate change is slowly becoming more relevant for policymakers in the region. All GCC states except Qatar have now introduced net-zero targets. As discussed, GCC governments also increasingly see green energy as an economic opportunity. According to a report from the International Renewable Energy Agency, an increase in the use of renewa