presence of ready-to-use export infrastructure for ammonia and synthetic fuels along the GCC coast. Tanker-based trade also fits with alleviating European concerns about creating new patterns of dependency. In the longer term, the EU’s and member states’ energy security imperatives would be better served by more durable import infrastructure, i
diversification of supply sources
Global suppliers of these raw materials are located mostly in countries such as China, Russia, Indonesia, and the Philippines, as well as in Africa (especially South Africa but also Zimbabwe). In its 2023 Critical Raw Materials Act, the EU proposed a number of solutions to address this, most notably a diversification of supply sources. Given the ab
several projects to permanently
Going one step further, EU member states are undertaking several projects to permanently lock CO2 into building materials. These projects include some that have even reached the commercialisation stage: for example, the first pavement made out of CO2-based bricks was installedin Belgium in 2020. To date, concrete products containing reused CO2 are
Hydrogen Bank and several
of green bonds aimed at supporting the local green agenda. The EU, for its part, has a diversified portfolio of climate finance instruments and frameworks (such as the European Hydrogen Bank and several environmental, social, and governance investment models) which could serve as inspiration for the UAE’s goals on climate finance at COP28. In fac
for policymakers in the region
However, climate change is slowly becoming more relevant for policymakers in the region. All GCC states except Qatar have now introduced net-zero targets. As discussed, GCC governments also increasingly see green energy as an economic opportunity. According to a report from the International Renewable Energy Agency, an increase in the use of renewa