The UAE plans to become a key player in the hydrogen fuel industry with a strategy to speed up its deployment which was unveiled at Cop26 on Thursday.
Mariam Al Mheiri, Minister for Climate Change and Environment, said the country was at the “crest of the wave” of hydrogen’s increasing importance.
She announced the launch of a UAE Hydrogen Leadership Roadmap which she said would play a key role in the country’s low-carbon transition.
The world is witnessing a growing interest in hydrogen, and the UAE is at the crest of the wave
Mariam Al Mheiri,
Minister for Climate Change and Environment
It came on the fourth day of the Glasgow summit, which is dedicated to talks on energy. With Britain rallying countries to stop burning coal, the world is looking to environmentally friendly alternatives such as hydrogen.
Hydrogen produces only water when it is used as fuel, making it a clean energy source. It can be generated from fossil fuels or renewables.
Speaking in Glasgow, the minister said it would be important to the UAE’s plan to achieve net zero emissions by 2050.
“The world is witnessing a growing interest in hydrogen, and the UAE is at the crest of the wave,” she said.
“The country has the natural resources, technological expertise and the political will needed to become a key player in the global hydrogen supply chain.
“We aim to involve all sectors and all actors in accelerating hydrogen deployment and cost reduction to ensure the UAE is making headway towards a cleaner future.”
The minister said the UAE would build on previous work, such as the Abu Dhabi Hydrogen Alliance which was established in January.
In May, the country commissioned its first green hydrogen plant at the Mohammed bin Rashid Al Maktoum Solar Park.
Green hydrogen refers to fuel produced from renewable sources. It is known as blue hydrogen when it comes from fossil fuels.
“The roadmap builds on our knowledge of the industry, and will assist us in aligning our efforts, developing new policies and increasing the private sector's participation in the hydrogen space”, the minister said.
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FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
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