Khaleej Times Highlights ZETA's Vision for GCC Green Fuels Hub

By
Pinar Kilavuzlu
July 5, 2024

In a recent article for Khaleej Times, Jan Haizmann, Secretary General of ZETA (Zero Emissions Traders Alliance), discussed the potential of establishing the GCC as a major trading hub for green fuels. He noted that while new low-carbon fuels like green hydrogen have been embraced globally, significant projects in Saudi Arabia, UAE, and Oman are facing delays due to high risk and the absence of long-term offtake agreements and financing.

Haizmann emphasized that regional clean energy hubs are essential for managing risk and stabilizing green fuel prices. Drawing parallels with successful green certificate trading systems in Europe, the US, and Australia, he argued that similar mechanisms could drive investment in the GCC by providing a market price for green attributes and creating incentives for clean energy projects.

ZETA’s goal is to foster a clean energy hub in the GCC that can support local industries, accelerate carbon reduction, and exploit the region’s potential as an exporter of green fuels. Haizmann is confident that with the right market infrastructure, including tradeable green certificates and local benchmarks, the GCC can become a leading center for green fuel production and export.

For further details on these initiatives and ZETA’s plans, read the full article.

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Pinar Kilavuzlu
Zero Emissions Traders Alliance