(Left to right) Abdulfattah Sharaf, CEO and Global Head of HSBC UAE; Saeed Mohammed Al Tayer, President of WGEO; and Jeffrey Beyer, Managing Director of Zest Associates
Image Credit: Provided

Dubai: A new research paper will explore potential collaborations on green hydrogen between the United Arab Emirates (UAE) and the United Kingdom (UK).

This is part of a joint engagement between the World Green Economy Organization (WGEO), a Dubai-based international platform that drives coalitions to enable green economic growth, and Zest Associates.

The report, sponsored by HSBC, will seek to uncover mutual opportunities to accelerate the development of the respective clean hydrogen markets of the United Arab Emirates and the United Kingdom. Its research will engage business leaders, industry associations, policy makers, innovators and academics from both countries.

“As the UAE and UK seek to deepen their trading relationship and stimulate investment and innovation in low-carbon technologies, it is essential that we create spaces for dialogue and exchange of ideas that lead to real practical actions, ”said Saeed Mohammed Al Tayer. , President of WGEO.

“This report will align with WGEO’s goal of enabling and implementing bankable and sustainable green projects and programs by linking technology, capacity building and finance,” he said in a statement. Press.

The research paper will examine the opportunities in the hydrogen green space between the two countries, with evolving suggestions for collaborations and partnerships. It will map innovation priorities, profile hydrogen companies and examine how policy and regulatory collaboration between the UAE and UK can facilitate trade, encourage foreign direct investment and secure referrals. low carbon hydrogen emission.

Research for the report will include meetings with stakeholders and workshops to test and validate the results. There will also be a panel discussion on the report’s findings in the first half of 2022.

Zest Associates, a Dubai-based sustainability consultancy with UK ties and expertise in green finance, clean technology policy and innovation, is leading the report’s research.

Focus on clean technologies

The report’s announcement builds on recent public statements aimed at boosting UK-UAE economic relations, with a focus on clean technologies and low-carbon infrastructure, including the expansion of the United Arab Emirates-United Kingdom partnership for new energies.

The report will also support the Dubai 2050 Clean Energy Strategy and Dubai 2050 Net Zero Emissions Strategy to deliver 100% of the power generation capacity from clean energy sources by 2050.

In May 2021, the Dubai Electricity and Water Authority (DEWA) inaugurated the first solar-powered green hydrogen production facility in the Middle East and North Africa (MENA) region in collaboration with Expo 2020 Dubai and Siemens Energy, with the aim of demonstrating the production of green hydrogen from solar, storage and re-electrification.

The plant was built to accommodate future applications and test platforms for the various uses of hydrogen, including energy, potential mobility and industrial uses.

DEWA has invited world-renowned consulting firms to submit their bids to develop an ambitious strategy for the production of green hydrogen, which represents one of the pillars of a sustainable future that depends on accelerating the transition to carbon neutrality to support a green economy.

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