UAE and UK cross-border investments in hydrogen to support decarbonisation and job growth – The National

UAE and UK cross-border investments in hydrogen to support decarbonisation and job growth – The National

The UAE-UK cross–border investment opportunities in hydrogen will support decarbonisation and create thousands of jobs in both countries, a new report has found.

By 2050, hydrogen is estimated to deliver up to Dh32 billion ($8.7bn) annually to Dubai’s economy and £13bn gross value added to the UK, said the report by the Dubai-based World Green Economy Organisation, HSBC and sustainability consultancy Zest Associates.

The development of the hydrogen industry will also create more than 100,000 new jobs in each country under high-adoption scenarios.