Fitch Solutions emphasized the significance of Jordan's 2024 Electricity Law in its recent report, stating that the legislation marks a critical milestone in attracting investments in the renewable energy sector, particularly green hydrogen projects. The report highlighted that the law's implementation will play a pivotal role in boosting local renewable energy generation, thereby reducing Jordan's dependence on energy imports and mitigating economic risks associated with global energy price fluctuations. The new law is expected to elevate the share of electricity generated from renewable sources to 31.2% by 2033, surpassing the regional average and underlining Jordan's commitment to clean energy adoption and carbon emission reduction. Additionally, the legislation supports the establishment of electricity storage stations, enhancing energy system flexibility, security, and clean energy integration, positioning Jordan as a trailblazer in sustainable energy practices. Furthermore, the Electricity Bill 2024 aims to regulate the electricity sector in line with international standards, stimulate competition, and attract investments, aligning with Jordan's economic vision. It introduces provisions supporting green hydrogen projects and clean energy initiatives, alongside promoting energy self-sufficiency and diversification. By approving this forward-looking law, the Jordanian government is paving the way for a future of energy security, sustainability, and economic resilience. Despite challenges such as global market fluctuations and climate risks, the legislation provides innovative solutions to bolster the country's energy independence, enhance local production capacities, and diversify energy sources for a more sustainable and prosperous future.