Is it time for the GCC to have its own Green New Deal?

SourceThe National

Europe’s plans to use more clean energy under the Green New Deal will ultimately benefit the Gulf’s oil-producing countries, a panel of experts has suggested.

Speaking at a virtual meeting to discuss the effect of EU’s environmental ambitions, Frank Wouters, director of the EU GCC Clean Energy Network, said Europe did not have the resources to produce hydrogen cleanly and would have to import it.

He said it could be from North Africa but more likely the Gulf region, “because not only do they have low-cost hydro carbons but the lowest-cost solar in the world and that’s a blessing,” he said.

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