Quick Win: Decarbonizing Energy Production

Mussabeh Al Kaabi emphasizes that hydrogen and carbon capture and storage (CCS) are technologies with the great potential to revolutionize the energy sector. However, they demand continual investment, research, and ample opportunity to be upscaled. Hydrogen, being abundant and mobile, is capable of cutting down emissions in various sectors like power and transportation. At the same time, CCS has the capability to control emissions in energy-demanding industries such as cement and steel industries.

These technologies are tried and tested, and they are expected to evolve further for wider consumer acceptance. The focus will remain on further refining and investing in these technologies while responsibly catering to the global demand for our low-carbon energy products.

When asked about the reduction of costs, Al Kaabi is undoubtedly affirmative. He refers to the plummeting price of solar energy during the past years — a decrease of 89% from 2010 to 2022 as per the International Renewable Energy Agency. This truly signifies that clean technologies have the potential to become feasible, dominant sources of energy given appropriate policy and investment strategies.

When questioned about a specific decarbonization technology, Al Kaabi asserts that all viable clean energy and decarbonization technologies require investment. Given the sheer scale of consumption, around the equivalent of 250 million barrels of oil, gas, and coal every day, we can’t afford to exclude any effective solutions. Both CCS and renewables need to be invested in if they promise effective solutions.

On a positive note, Al Kaabi is optimistic about the significant role artificial intelligence (AI) can play in the drive to decarbonization. AI and machine learning tools applied across their value chain have helped to eliminate around a million tonnes of CO2 emissions over the past couple of years. With the accelerated growth of AI technology, there will be a continued investment in the latest innovations to deliver optimum energy causing minimal emissions.