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
storage for electricity production
energy storage for electricity production. The booming availability of cheap renewable energy – particularly in places such as the Gulf monarchies – could make even the most expensive green hydrogen cost-competitive. Other hydrogen types – such as blue or pink (produced using nuclear energy) – are also appealing and feasible options for the
The main obstacles to achieving
The main obstacles to achieving this viability are the cost of the equipment needed to capture and pressurise CO2, as well as to transport and store it. The bulk of CCUS technology currently in use remains substandard, with the least efficient plants capturing only around 60 per cent of emissions. There is also a high risk of CO2 leaks contaminatin
with the capacity to capture 9m
with the capacity to capture 9m tonnes per annum by 2027. Qatar and the UAE target, respectively, a total capacity of 7m tonnes per annum and 5m tonnes per annum by the same year. However, as discussed, the share of CO2 captured in the GCC countries is still critically insufficient. The GCC’s three carbon capture and storage facilities in Saudi A
including industrial and building
a webinar to engage its GCC counterparts on energy efficiency in construction and urban development. This brought together policymakers and representatives from the private sector – including industrial and building operators, architects, engineers, and smart technology providers – to discuss solutions in “green buildings”, a core theme of