Hydrogen adds new shade

Regional Views
Green hydrogen

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.

To access this report, please click here.

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