Boosting the carbon economy’s circularity is dependent on developing the ‘remove, reuse, and recycle’ pillars of the concept. In the GCC states, carbon capture storage and transport infrastructure is significantly underdeveloped, and laws and regulations on CCUS frameworks often have gaps. Linkages already exist between GCC countries, so mult
the world’s largest utility-scale,
the world’s largest utility-scale, commercially based hydrogen facility powered entirely by renewable energy at NEOM. By 2025, this will produce up to 650 tonnes per day of green hydrogen and 1.2 megatonnes of green ammonia for export. ACWA Power announced this year a plan to build two more hydrogen facilities in the area adjacent to NEOM. In add
from the private sector including
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 the European Green Deal. EU leaders should ensure that that was not a one-off exercise. A key sub-the
Indeed, there is a global shortage
Indeed, there is a global shortage of dedicated climate finance frameworks, including in the GCC monarchies. Some promising initial projects include the 2021 Sustainable Finance Framework in the UAE, which has pushed dozens of financial institutions to lend and invest in environmentally sound activities; a 2019 scheme from Oman’s Bank Muscat to e
has not yet come to fruition
has not yet come to fruition, leaving a most untimely vacuum. NEOM is one of the few fully financed hydrogen projects in the Middle East and North Africa, and a rare realistic source for the EU to fulfil its ambitious objective of importing 10m tonnes of green hydrogen by 2030. But a hydrogen partnership between the EU and Saudi Arabia remains embr