Petrostates place bets on hydrogen
Editorial
The Economist
The Gulf’s big energy players used to simply defend fossil fuels, says The Economist. Now they profess a commitment to decarbonisation. The UAE and Oman are aiming for net zero by 2050; Saudi Arabia and Kuwait by 2060. Some suspect that this is “greenwash”, given Gulf states’ reliance on fossil-fuel revenues. However, firms’ investment plans do reveal a “genuine” and sometimes “rather large bet on green technologies”. Their approach rests on “two pillars”; first, to double down on oil
