COUNTRIES ARE ALSO READY TO BECOME

countries are also ready to become

countries into transit hubs. Transit infrastructure can then be used in the longer term too, once Mediterranean countries are also ready to become producers and exporters. Energy engagement between Europe and the Gulf monarchies accelerated after the energy security crisis triggered by Russia’s invasion of Ukraine. It now needs to move from conve

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European countries and the Gulf

Hydrogen has emerged as a shared interest between European countries and the Gulf monarchies. European policymakers believe that hydrogen could be a solution to decarbonise hard-to-electrify sectors, including heavy industries, shipping, and aviation; or for long-term energy storage for electricity production. The booming availability of cheap rene

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to influence consumer behaviour

at the core of the government-society ruling contract in the monarchies. It would therefore be easier for them politically to promote more efficient alternative goods than try to influence consumer behaviour by reducing subsidies. At the same time, lowering subsidies and raising tariffs – both for water and for electricity – are tools that some

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current installed capacity

energy needs from renewable sources by 2030, and have significant ambitions to produce and export green hydrogen. This would require almost 40-60GW of renewable energy capacity by 2030, compared to a current installed capacity of around 4,000MW. Qatar, Kuwait, and Bahrain do not have comparable or noteworthy renewable energy targets. Finally, the U

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the level of meetings between

as the GCC states. The EU’s External Action Service also included energy as a domain of its proposal in May 2022 for “A strategic partnership with the Gulf”, which the Council of the European Union strongly endorsed in June that year. In the framework of COP28, some EU-UAE engagement has taken place at the level of meetings between senior off

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