INDUSTRY WORKSHOP ON HYDROGEN STRATEGIES & CARBON MARKETS
AHK SUSTAINABILITY SERIES X EMIRATI-GERMAN
ENERGY AND CLIMATE PARTNERSHIP
Carbon pricing is a powerful policy instrument for reducing carbon emissions that uses market mechanisms to pass the cost of emitting on to emitters. It is widely agreed that introducing a carbon price is the single most effective way for countries to reduce their emissions. Globally, 70 carbon pricing initiatives have been implemented, representing about a quarter of global greenhouse gas emissions.
On this premise and following Germany’s introduction of its national emissions trading scheme for heating and transport in 2021 and the UAE discussing about this policy instrument to achieve its own ambitious net-zero target by 2050, we hosted an industry workshop on “Hydrogen Strategies and Carbon Markets” within the framework of the Emirati-German Energy and Climate Partnership in cooperation with the AHK Sustainability Series.
The workshop’s first segment was dedicated to Germany’s updated national hydrogen strategy and a first-ever glimpse into the UAE National Hydrogen Strategy, presented by the Federal Ministry for Economic Affairs and Climate Action of Germany and MOEIUAE, respectively. The workshop also featured presentations on the UAE’s net-zero strategy, Abu Dhabi’s carbon trading outlook and voluntary carbon markets, as well as an insightful panel discussion on the design of the UAE carbon market.
With over 90 participants from across various industries and in the presence of H.E. Sharif Al Olama, Undersecretary at the Ministry of Energy and Infrastructure and Ms. Anne Jacobs-Schleithoff, Head of Division North Africa and Middle East at the Federal Ministry for Economic Affairs and Climate Action, the workshop was another great gathering for bilateral exchanges and for discussing such policies and its implications for the private sector.
Thank you very much to our speakers and panelists:
Christoph Klarmann, Chargé d’Affaires a.i., German Embassy to the United Arab Emirates
Oliver Oehms, German-Emirati Joint Council for Industry and Commerce
Eng. Dipak Sakaria, Ministry of Energy and Infrastructure (MOEI)
Richard Paton, Ministry of Climate Change & Environment (MOCCAE)
Eva Ramos, Environment Agency Abu Dhabi (EAD)
Henrik Schult, Guidehouse
Ingo Kleinschmidt, ACX (Air Carbon)
René Matthies, Emirates Water and Electricity Company (EWEC)
Dr Udo Huenger, BASF
Jay Gadhavi, Krohne
And a special THANK YOU to our partners of the AHK Sustainability Series:
About the Climate and Energy Partnership:
The Climate and Energy Partnership is an initiative of the German Federal Ministry for Economic Affairs and Climate Action and the UAE Ministry of Energy and Infrastructure, supported by Guidehouse and the German-Emirati Joint Council for Industry and Commerce (AHK).