Hydrogen adds new shade
As the global green shift takes off, the MENA region is actively changing its energy landscape and capitalising on new opportunities. However, energy transformation requires a major change in electricity generation from fossil fuels to renewable sources. Not all sectors can easily make the switch. Green hydrogen is emerging as a solution that provides a link between sustainable electricity generation and hard-to-electrify sectors. This week, we look at the hydrogen sector and analyse how green hydrogen will be a key alternative energy carrier going forward, focusing on:
- The promising opportunity for the MENA region to lead the green hydrogen supply globally, given the quality of its renewable energy resources.
- The competitive edge the GCC countries possess, with ample low-cost renewable energy for domestic consumption.
- The impact of technological advancements combined with policy and management efficiency in reducing production costs further and fully unleashing the region’s energy transition.
Florence Eid-Oakden, Ph.D, Chief Economist
Ghalia Al Bajali, Analyst
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
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