MENA Countries Surpassing Hydrogen Production Targets by 2030
Key Ideas
- MENA countries like United Arab Emirates, Oman, and Morocco are set to exceed their hydrogen production goals for 2030, as per the IEA.
- Renewables 2024 report emphasizes these nations as key players in the hydrogen industry in the MENA region.
- Saudi Arabia, Egypt, and Algeria lead in the region's hydrogen ambitions, accounting for 60%, but still fall short of their 2030 targets.
- Israel is also close to meeting its hydrogen production targets, showcasing the expanding landscape of hydrogen energy in the region.
The International Energy Agency (IEA) has pointed out that the United Arab Emirates (UAE), Oman, and Morocco are on track to surpass their hydrogen production capacities set for 2030. This positive projection comes from the Renewables 2024 report, which highlights these three countries as significant drivers for the hydrogen sector in the Middle East and North Africa (MENA) region. Moreover, Israel is also mentioned as being close to achieving its hydrogen targets. However, despite the progress made by these countries, Saudi Arabia, Egypt, and Algeria are noted to have the lion's share of the region's hydrogen ambitions, collectively representing nearly 60% of the MENA region's total targets. Nevertheless, the IEA warns that the current installed capacity in these leading nations falls short of what is required to meet their 2030 goals. This insight indicates a promising trajectory for hydrogen production and underscores the growing importance of these countries in shaping the future of renewable energy in the MENA region.