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
surge in demand for hydrogen
But risks and challenges remain. For starters, a surge in demand for hydrogen, solar panels, electric vehicles, batteries, and other components critical to the EU’s green transition will increase competition over the raw materials needed to scale up production, such as nickel and platinum. Global suppliers of these raw materials are located mostl
undertaking several projects
Going one step further, EU member states are undertaking several projects to permanently lock CO2 into building materials. These projects include some that have even reached the commercialisation stage: for example, the first pavement made out of CO2-based bricks was installedin Belgium in 2020. To date, concrete products containing reused CO2 are
to be significant divergences
All of this suggests that there will likely continue to be significant divergences in the parties’ perspectives at COP28. However, there is also a substantial convergence of interests in several domains that could advance the green transition. The most effective way to address this challenge is to look beyond the ideological divide and focus on t
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