existing cooperation agreements

As industrial actors start looking into operationalising existing cooperation agreements on hydrogen, the question of mutually agreed standards – covering safety, product quality, and carbon content, as well as systems of certification and accreditation – has become more prominent. Industry will have to account for carbon emissions across the e

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such as nickel and platinum

over the raw materials needed to scale up production, such as nickel and platinum. Global suppliers of these raw materials are located mostly in countries such as China, Russia, Indonesia, and the Philippines, as well as in Africa (especially South Africa but also Zimbabwe). In its 2023 Critical Raw Materials Act, the EU proposed a number of soluti

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mineralisation as a permanent

rock formations. The UAE and Oman have already studied the potential of this solution in a pilot project, which found it could be cost-competitive and compatible with the GCC environment, where peridotite is abundant. The EU recognises mineralisation as a permanent sequestration method, which can be excluded from the obligation to report emissions

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its forthcoming carbon border

In fact, the EU could even encourage the GCC states to see its forthcoming carbon border adjustment mechanism (CBAM) as a financial product and – as with its emissions trading system (ETS) – a new source of climate financing. Europeans could discuss this with their GCC counterparts at COP28 while offering technical assistance to draw up a carbo

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Climate change has a significant

Climate change has a significant impact on GCC countries, but hydrocarbon revenues contribute between 60 per cent (UAE) and 90 per cent (Kuwait and Qatar) of government budgets. GCC governments previously viewed climate policies as a bigger threat than climate change, as these policies posed a direct threat to their economic wellbeing.[2] In this s

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