The UAE is developing new solar plants that will help the country produce green hydrogen, experts say. Photo: Wam
The UAE is developing new solar plants that will help the country produce green hydrogen, experts say. Photo: Wam
The UAE is developing new solar plants that will help the country produce green hydrogen, experts say. Photo: Wam
The UAE is developing new solar plants that will help the country produce green hydrogen, experts say. Photo: Wam

UAE is ‘well positioned' to capture hydrogen opportunities


Fareed Rahman
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  • Arabic

The UAE and parts of the Middle East are well positioned to tap into opportunities offered by hydrogen, an alternative clean fuel that could help the world transition to more sustainable sources of energy, experts say.

“In the region, we have access to competitive natural gas that may allow us to produce grey hydrogen, we have access to carbon capture and storage and that may allow us to produce competitive blue hydrogen,” Sergio Lopez, energy policy specialist at Abu Dhabi Department of Energy, said during a panel discussion at Abu Dhabi Sustainability Week on Tuesday.

The availability of renewable sources of power will help the countries in the region to produce green hydrogen and nuclear energy will help in producing pink hydrogen, he said.

“The region will benefit from investing in hydrogen not only from the economic point of view but also from the environmental point of view.”

Current annual hydrogen sales represent a market value of about $174 billion, which already exceeds the value of annual trade in liquefied natural gas, and this could grow to $600bn by 2050, the International Renewable Energy Agency said in a recent report.

The UAE is drawing up a comprehensive road map to position itself as an exporter of clean fuel and tap into its future potential.

The Gulf country aims to capture about 25 per cent of the global hydrogen market share and is in discussions with many countries to export it, said UAE Minister of Energy and Infrastructure Suhail Al Mazrouei.

“The UAE is very strategically geographically positioned in between Asia and Europe and has strong commercial relations with potential hydrogen consumers such as Japan, South Korea and China”, which will allow it to boost exports, Mr Lopez said.

One of the first Arab countries to declare a net-zero target, the UAE is developing numerous clean energy projects as it aims to become carbon neutral by 2050. It is currently constructing Barakah Nuclear Energy Plant, the Arab world’s first multi-unit operating nuclear energy plant.

The UAE is also building renewable energy projects to boost the supply of clean energy in the country, including the world’s largest solar plant in Al Dhafra region of Abu Dhabi. Saudi Arabia and other countries in the region are also developing new renewable energy projects.

Sustainability in the UAE - in pictures:

  • Kyle Wagner, head of operations at Masdar Farms, shows the inside of the smart farming retrofitted shipping container in Abu Dhabi that grows four tonnes of leafy greens per year. Antonie Robertson / The National
    Kyle Wagner, head of operations at Masdar Farms, shows the inside of the smart farming retrofitted shipping container in Abu Dhabi that grows four tonnes of leafy greens per year. Antonie Robertson / The National
  • A view of the domes used for urban farming in the Sustainable City in Dubai. Pawan Singh / The National
    A view of the domes used for urban farming in the Sustainable City in Dubai. Pawan Singh / The National
  • A member of staff tosses feed in the shrimp pond at an aquaculture farm in Abu Dhabi. Pawan Singh / The National
    A member of staff tosses feed in the shrimp pond at an aquaculture farm in Abu Dhabi. Pawan Singh / The National
  • Jubail Mangrove Park in Abu Dhabi. Mangroves are abundant along the coastline of the emirate and can sequester and store carbon for thousands of years. Victor Besa / The National
    Jubail Mangrove Park in Abu Dhabi. Mangroves are abundant along the coastline of the emirate and can sequester and store carbon for thousands of years. Victor Besa / The National
  • Scimitar-horned oryx, part of the antelope family, at the Deleika Wildlife Management Centre in Abu Dhabi. Khushnum Bhandari / The National
    Scimitar-horned oryx, part of the antelope family, at the Deleika Wildlife Management Centre in Abu Dhabi. Khushnum Bhandari / The National
  • About 30 turtles are released into the sea on World Sea Turtle Day at Jumeirah Al Naseem beach in Dubai. Pawan Singh / The National
    About 30 turtles are released into the sea on World Sea Turtle Day at Jumeirah Al Naseem beach in Dubai. Pawan Singh / The National
  • Cyclists get up early to exercise at Al Qudra Bike Track, Dubai. Chris Whiteoak / The National
    Cyclists get up early to exercise at Al Qudra Bike Track, Dubai. Chris Whiteoak / The National
  • Workers prepare tyres before the recycling process at the Gulf Rubber factory in Al Ain. Khushnum Bhandari / The National
    Workers prepare tyres before the recycling process at the Gulf Rubber factory in Al Ain. Khushnum Bhandari / The National
  • A view of Barakah's Unit 2. Photo: Wam
    A view of Barakah's Unit 2. Photo: Wam
  • Al Bahar Towers in Abu Dhabi use a solar shading system that features a computer-controlled facade made up of thousands of translucent units. Silvia Razgova / The National
    Al Bahar Towers in Abu Dhabi use a solar shading system that features a computer-controlled facade made up of thousands of translucent units. Silvia Razgova / The National
  • Sheikh Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world and central to Dubai's plans to obtain 75 per cent of its energy from renewable sources by 2050. Photo: Wam
    Sheikh Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world and central to Dubai's plans to obtain 75 per cent of its energy from renewable sources by 2050. Photo: Wam
  • Masdar City in Abu Dhabi is the first attempt in the Middle East to build a sustainable city. Chris Whiteoak / The National
    Masdar City in Abu Dhabi is the first attempt in the Middle East to build a sustainable city. Chris Whiteoak / The National
Match info

Liverpool 4
Salah (19'), Mane (45 2', 53'), Sturridge (87')

West Ham United 0

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The%20Kitchen
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Cricket World Cup League 2 Fixtures

Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)

Sunday March 6, Oman v Namibia, ICC Academy

Tuesday March 8, UAE v Namibia, ICC Academy

Wednesday March 9, UAE v Oman, ICC Academy

Friday March 11, Oman v Namibia, Sharjah Cricket Stadium

Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
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Updated: January 19, 2022, 8:43 AM