Methane emissions from the energy sector remained near a record high in 2023 – but new policies and regulations, as well as fresh pledges stemming from COP28 Dubai, have catalysed efforts to reduce methane emissions and could result in a decline, according to the International Energy Agency (IEA)
Energy Transition
From hydrocarbons dominance to embracing hydrogen
Germany’s state-controlled firm Securing Energy for Europe (SEFE) recently announced that it plans to invest around US$540mn in repurposing some of its underground gas storage sites and gas pipelines into infrastructure fit for storing and transporting green hydrogen
Middle East Energy to boost sustainability agenda
A keen focus on accelerating the global energy transformation and exploring opportunities at the cusp of the transition towards sustainability will be the central themes at this year’s 49th edition of Middle East Energy (MEE)
Egypt progresses green hydrogen development
Egypt is progressing green hydrogen development with the introduction of incentives for hydrogen production and agreements to develop green hydrogen projects, with a view to providing 5-8% of the world’s hydrogen by 2040
COP28 president calls for action to ensure implementation of UAE Concensus
COP28 president Dr. Sultan Al Jaber has urged global stakeholders to take action to ensure implementation of the UAE Consensus, the measures agreed on at COP28 that aim to keep the average global temperature rise below 1.5°C