UAE and UK cross-border investments in hydrogen to support decarbonisation and job growth

The UAE-UK cross–border investment opportunities in hydrogen will support decarbonisation and create thousands of jobs in both countries, a new report has found.By 2050, hydrogen is estimated to deliver up to Dh32 billion ($8.7bn) annually to Dubai’s economy and £13bn gross value added to the UK, said the report by the Dubai-based World Green Economy Organisation, HSBC and sustainability consultancy Zest Associates.The development of the hydrogen industry will also create more than 100,000 new jobs in each country under high-adoption scenarios.“The UAE and UK enjoy a strong bilateral relationship and are already working together to advance the clean hydrogen industry,” the report said. “Deeper and broader collaboration across policy, innovation, investment and business could unlock mutual benefits for climate and economic development.”Last year, British energy company…

Read more…