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Oman to invest $30 billion to boost hydrogen economy

Oman is pushing to achieve net zero by 2050.

Oman to invest $30 billion to boost hydrogen economy
[Source photo: Anvita Gupta/Fast Company Middle East]

With the energy sector playing a crucial role in mitigating climate change while cutting carbon emissions, Oman is making sure it is increasing its clean energy ammo.

It plans to invest more than $30 billion in the hydrogen economy, aiming to become one of the largest hydrogen producers in the world by 2030. Salim Nasser Al Aufi, Minister of Energy and Minerals, said that the Sultanate of Oman is pushing to achieve net zero by 2050, and central to this vision is the rapid expansion of clean energy, the advancement of green projects, and the production of green hydrogen.

He adds that improving infrastructure and green transportation will decrease the need for energy consumption, which in turn cuts fuel consumption and related emissions.

In recent months, Oman has been making substantial progress in the development of green hydrogen initiatives, with agreements for green hydrogen production projects. The Oman Sustainability Centre will be a step towards such goals and will help ensure the implementation of the net zero national plan and Oman Vision 2040. 

Dr. Abdullah Ali Al Amri, chairman of the Environment Authority, said that Oman seeks to fulfill their role in the Paris Agreement on Climate Change and that the country has been paying attention to environmental preservation. 

He added that Oman is working on an environmental performance report to be submitted to the United Nations Secretariat by November 2024. By the end of October, Oman will further provide the third update of the report on the contribution to reducing emissions to the International Organization for Climate Affairs.

Moreover, an announcement surrounding an investment project in blue carbon will be made in the coming days, counting on the number of trees planted in Oman.

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