A new partnership has been signed between the United Arab Emirates (UAE) and the UK which aims to explore opportunities to enable green economic growth and drive clean hydrogen markets between the two nations.
Through a new research paper, sponsored by HSBC, Zest Associates and the World Green Economy Organisation (WGEO), hydrogen collaborations between the two nations could result in further acceleration of the ecosystem in addition to adoption.
This could also provide a surge in innovative hydrogen-based solutions across multiple industries in addition to an increase in production capabilities.
The paper will examine opportunities in the green hydrogen space between the two countries, with scalable suggestions for collaborations and partnerships.
It will also look to map innovation priorities, profile hydrogen companies, and explore how policy and regulatory collaboration between the UAE and UK can facilitate trade, encourage foreign direct investment, and guarantee the low carbon credentials of hydrogen.
To achieve this, the research paper will draw in knowledge from across the supply chain by engaging business leaders, industry associations, policymakers, innovators and academics across both countries.
HE Saeed Mohammed Al Tayer, Chairman of WGEO, said, “As the UAE and UK look to deepen their trading relationship and spur investment and innovation in low-carbon technology, it is critical that we create spaces for dialogue and the exchange of ideas that lead to real practical action.
“This report will align with the WGEO’s objective to enable and implement bankable and sustainable green projects and programmes by linking technology, capacity-building and finance.”
Abdulfattah Sharaf, CEO and Head of International at HSBC UAE, said, “HSBC is committed to helping lead the transition to net zero and this research will help improve the understanding of how hydrogen’s economic and environmental benefits can be built into the low carbon journeys of the UAE and UK.”
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