In a significant step towards a shared future powered by clean energy, 39 countries at the COP 28 climate conference in Dubai have signed a declaration of intent to cooperate on hydrogen production. This agreement marks a crucial milestone in the journey towards widespread hydrogen adoption.
The announcement coincided with high-level discussions on hydrogen, where UAE’s Minister of Energy and Infrastructure, Suhail Mohammed Al Mazrouei, addressed the critical issue of hydrogen pricing. Emphasizing the need for affordable hydrogen, Minister Al Mazrouei stated, “If we cannot provide it at a reasonable cost, we are not achieving the strategy.” He further highlighted the UAE’s commitment to green hydrogen production and its ongoing efforts to drive down hydrogen costs.
Recognizing the potential impact of carbon taxes on consumer affordability, Minister Al Mazrouei advocated for targeted incentives to stimulate private sector participation in hydrogen development and utilization across industries. The UAE’s ambitious hydrogen strategy envisions a production capacity of 1.4 million tons annually by 2031, with over 70% being green hydrogen. By 2050, this target is projected to soar to 15 million tons or more.
With the UAE’s National Hydrogen Strategy 2050 at the helm, the nation is poised to become a global leader in low-emission hydrogen production and supply by 2031, solidifying its role in international climate action endeavors.
