Oman to Boost Hydrogen Economy Through $30 Billion

Oman has revealed that it is investing more than $30 billion in the hydrogen economy, with the aim to be one of the largest producers in the world by 2030.

With the energy sector playing an essential role in mitigating climate change while cutting carbon emissions, Oman is making sure it is one of the key countries using clean energy to produce electricity.

Minister of Energy and Minerals, Salim Nasser Al Aufi, highlighted that Oman is amplifying its efforts to achieve zero neutrality by 2050 through a national plan.

He said: “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.”

In recent months, Oman has been making progress in the development of green hydrogen initiatives, with agreements for green hydrogen production projects.

Going forward, Oman is working on an environmental performance report to be submitted to the United Nations Secretariat by November 2024.

By the end of October, it will further provide the third update of the report on the contribution to reducing emissions to the International Organisation for Climate Affairs.