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Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
SWP Comment No. 44/2022
Verlag: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Zusammenfassung: 
The countries of the Gulf Cooperation Council (GCC) are mapping out agendas to kickstart a hydrogen economy. Especially Saudi Arabia, Oman, and the United Arab Emirates (UAE) are pursuing ambitious plans to supply Europe and Asia-Pacific with the carbon-friendly fuel. Numerous declarations of intent have been signed, and the first large-scale projects are under way. For the Gulf countries, hydrogen is not only a means of diversification. Since the hydrogen economy blends into the institutional and fiscal framework of the petroleum industry, it is primarily a chance for the GCC economies to maintain current economic and political power structures. While hydro­gen from the Gulf is an effective tool for climate change mitigation, Germany and Europe are faced with trade-offs and open questions.
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