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The low carbon agenda drive is set to add even more pressure to the Middle East’s ship owning and chartering community with oil and gas prices at record levels, combined with heightened geopolitical volatility, and unstable costs of marine fuel.With the cost of marine fuel being so unstable, the Middle East should look to renewable energy for a sustainable future.
The United Arab Emirates’ Ministry of Energy and Infrastructure (MoEI), Audi Middle East, and Siemens recently signed an agreement to cooperate on boosting electric vehicle for a nationwide network of ultra-fast chargers on federal roads and increasing adoption of EVs across the country.
QatarEnergy, the world’s biggest producer of liquefied natural gas, has signed up to the Aiming for Zero Methane Emissions Initiative, which was founded in March and counts Saudi Aramco, BP, Chevron Corp. and Shell among its members, aiming to cut almost all methane emissions from their operations by 2030. Aiming for Zero was set up by the Oil and Gas Climate Initiative, an industry group focused on reducing the energy sector’s carbon footprint.
Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed a land development (usufruct) agreement with Green Hydrogen and Chemicals Company (GHC) to develop Phase One of the green hydrogen and ammonia project in the Special Economic Zone at Duqm (SEZAD).
Saudi Arabia Refineries Co. has signed two non-binding agreements with UK-based Christof Global Impact for the development of renewable energy projects in the Kingdom aimed at reducing carbon emissions.
Smart mobility, an intelligent concept, is changing the region’s social infrastructure, following Dubai Roads and Transportation Authority’s initiative that laid the road map for driverless vehicles by 2030 by introducing autonomous shuttles, e-bikes and e-buggies.
Dubai-based reporter, Rory Jones, in his article in The Wall Street Journal said the UAE is "emerging as one of the world’s biggest state financiers of clean energy, seeking to become as influential in renewables as it currently is in oil and gas."
The King Abdullah University of Science and Technology (KAUST), has launched a research centre by the world’s biggest oil company, Saudi Arabia’s Aramco, to develop low-carbon solutions for the energy sector using artificial intelligence and machine learning.
The Ministry of Climate Change and Environment (MoCCAE) and Arctic Circle have announced the launch of the "Third Pole Process".
Saudi Arabia's $500-billion futuristic city NEOM will now host the first energy plant that will be the first of its kind to produce green hydrogen enough to create a trade market of it.