Prices rose to as much as Dh3.70 on debut, before retreating a little
The UAE’s energy minister expects hydrogen to be included in a revised energy strategy, to be launched this year, as part of the Gulf state’s ambitions to become a top hydrogen exporter and advance its clean energy development projects.
It launched its energy strategy plan for 2050 in 2017 but is preparing to update it to align with its goal of achieving climate neutrality by 2050.
‘My expectation is that it (the revised strategy) is going to put hydrogen as one element in the target of the strategy of energy by 2050,” Suhail bin Mohammed Garaj Faris Al Mazrouei said at a hydrogen summit during Abu Dhabi Sustainability Week.
“That would require us to go and significantly increase the installed capacity of solar in order for us to produce enough hydrogen to use it as a fuel.”
In October, Mazrouei said the UAE aimed to reach a 25 per cent share of the hydrogen export market and that Japan, South Korea and Germany would be top destinations for it.
The UAE, one of the world’s top oil exporters, is preparing to host the UN’s climate conference COP28 towards the end of this year amid questions from some activists about fossil fuel interests dominating the debate.
Mazrouei said the UAE hoped to demonstrate its ability to “walk the talk” by implementing projects and meeting clean energy targets. — Reuters
Prices rose to as much as Dh3.70 on debut, before retreating a little
Making the Dubai-based company one of the top five overseas investors in this period
The reported valuation is less than half of the $44 billion that the CEO paid to acquire the social media platform
Gordon E. Moore could be credited for bringing laptop computers to hundreds of millions of people
The economy based on low interest rates could not cope with sudden spike
High yield will ensure strong participation in the company's share sale
Top deal was a Dh500m plot in Palm Jumeirah
The appointment is another step by ADX to boost liquidity