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Green Hydrogen.. Will North Africa Become Global Clean Energy Provider?

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Green Hydrogen.. Will North Africa Become Global Clean Energy Provider?

A recent report predicts that North Africa will become the main source of green hydrogen by 2050, while Europe will be the main market for an industry that is still in its infancy.

According to a report by consulting firm Deloitte, the report predicts that green hydrogen “will redraw the global energy and resource map as early as 2030, creating a market worth $1.4 trillion annually by 2050.”

Hydrogen fuel, made from natural gas, biomass or nuclear power, is considered “green” and is produced using electricity from renewable energy sources such as solar power and carbon-free wind power when hydrogen molecules are separated from water. emissions.

Climate expert Mohamed Benabou said, “North Africa is a region that is well-positioned to play a pioneering role in the use of renewable energy.”

In an interview with Al-Hurrah, the expert pointed out that North African countries may occupy the most advanced ranks in the energy transition towards clean energies, but they do not all have the same climatic and geographical conditions to be the best students in energy efficiency. indicators.

And he continues, “One of the most important factors in this discrepancy is the current high cost of producing renewable energies, despite their relatively low cost. In this context, Morocco plays an important role in the production of clean energy. The Kingdom of Morocco is among the top four countries in climate action, while most of the North African countries benefit from a favorable climate for harnessing solar and wind energy, which will increase their competitiveness in the energy sector.

Not an easy target

Less than one percent of the world’s hydrogen production currently qualifies as “green.”

But the climate crisis, coupled with private and public investment, has spurred rapid growth in the sector.

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The pressure group Hydrogen Council pointed out that there are more than 1,000 hydrogen projects around the world.

He explained that projects launched before 2030 will require investments of about $320 billion.

Environmentalist and researcher Nadia Heimti says that green hydrogen is a clean energy, and to produce it, it must resort to clean methods that are alternatives to fossil production and do not depend on oil or coal.

Despite the report’s expectations, Hamiti says in an interview with Al-Hurrah that North African countries are still unable to give up fossil fuels.

The researcher believes that green hydrogen is “a very ambitious solution, but its production requires high technologies and investments, because its production requires conditions, and even its transportation requires conditions.”

And he continued in his speech, “We as countries affected by climate change like water shortages and fires contribute to the solution as affected countries, so these projects should be funded by grants, not loans. It is unfair to ask affected countries to contribute to solving a crisis they have not contributed to.” His revelation.

Among the benefits of green hydrogen, according to Hamiti, is that it will “help address climate change and meet targets including not exceeding 1.5 degrees Celsius on the 2030 horizon.”

By 2050, according to Deloitte, the main export regions for green hydrogen will be North Africa ($110 billion annually), North America ($63 billion), Australia ($39 billion) and the Middle East ($20 billion).

Management consulting reports reflect the interests of their corporate clients, including some of the largest carbon emitters.

But the need to meet climate goals and generous subsidies is raising demand for all forms of clean energy, including green hydrogen.

The aviation and long-haul shipping industries, which do not have the electric batteries used in ground vehicles, are looking to use hydrogen as an alternative to fossil fuels.

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Sun and wind

Also, the emergence of a clean hydrogen market from solar and wind energy will make the industry more inclusive for developing countries, the report says.

It would also allow the South’s steel industries to stop using coal, for example.

At the moment, however, 99 percent of global production is still “ash,” meaning hydrogen produced by splitting methane molecules, which releases greenhouse gases regardless of the type of energy used to complete the process.

The green system releases hydrogen from carbon-free water molecules (H2O) using electricity from a renewable energy source.

Experience in its infancy

Shaden Diab, an expert in weather and climate change, says, “Green hydrogen is beneficial to the environment, but the related technology is still in its infancy, and we have to wait to see if its production price can compete with fossil fuel production.”

The expert believes that there are big challenges, “we are at a point where we have to succeed in practicing the technology and the results have to be competitive with fossil fuels.”

Regarding its benefits, Dayan believes that its production “could greatly reflect the revitalization of industry in North Africa and Morocco and energy exports to Europe, which could be a successful business that stimulates the labor market in North Africa.”

However, the expert concludes, “There are industry challenges in making this process successful in the domestic market and then working to make it successful in the foreign market.”

This is where North Africa could play an important role, said Sébastien Duquette, manager of Deloitte’s energy and modeling group and co-author of the report, which is based on data from the International Energy Agency.

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“We see that many North African countries, such as Morocco and Egypt, are interested in the hydrogen issue, and ‘hydrogen strategies’ are being announced only a few years after the EU and the US,” he told AFP. .

“Morocco has a very strong wind energy potential, which is often overlooked, and a huge potential for solar energy, and Egypt is on track to become a major exporter of hydrogen to Europe, in 2050, thanks to the existing natural gas pipeline,” he pointed out. can be adapted to transport hydrogen.

In his interview with the expert Benabo Al-Hurra, green hydrogen can contribute to support the economy of North African countries, especially with the demand for this energy in the Gulf countries.

“Many Arab countries from the Middle East and North Africa are moving towards green hydrogen production, and the global demand for consumption of this important commodity is increasing, especially the EU countries are moving towards it.”

He continues, “Intensive production of green hydrogen in North African countries will benefit the economies of these countries, specializing in the energy sector from university and higher education, thus strengthening the capabilities of national capacities and employing specialized workers in the field. , in addition to large investments in infrastructure to keep pace with these projects.” This will have a positive impact on the economy.”

The report predicts that investment in carbon capture and storage as a solution to methane-based hydrogen emissions will end by 2040, the current strategy of the oil-rich Gulf states, as well as the United States, Norway and Canada, and that this hydrogen produced in this way is not classified as green, but rather “blue”. Classified as

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Economy

UAE stocks add 342 billion dirhams to its market capitalization in 9 months

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UAE stocks add 342 billion dirhams to its market capitalization in 9 months

Local stock exchanges added about 342 billion dirhams to their market capitalization in the first nine months of this year, supported by increased demand from companies and investment portfolios, with new listings based on data from the Abu Dhabi Securities Market and the Dubai Financial Market. .

Markets’ market value was boosted by four new listings in the current year, including “ADNOC Gas”, “Brissite” for artificial intelligence solutions and “ADNOC Logistics and Services” on the Abu Dhabi market. Shares of “Al Ansari” Financial Services on the Dubai Financial Market.

The market capitalization of listed stocks rose from 3.206 trillion dirhams at the end of last year to 3.548 trillion dirhams in the last session of last September, with 2.852 trillion dirhams distributed to stocks listed on the Abu Dhabi Securities Market and 696.6 billion dirhams to stocks listed on the Dubai Financial Market.

Local stocks attracted more than 321.6 billion dirhams of liquidity in the first nine months of the year, with 243.9 billion dirhams distributed on the Abu Dhabi Securities Market and 77.6 billion dirhams on the Dubai Financial Market, while around 87.2 billion shares were traded, of which 44.66. billion shares were traded.42.6 billion shares in the Abu Dhabi market by executing more than four million transactions in the two markets in Dubai.

The Abu Dhabi market index “Fadex 15” ended last September at 9496.03 points, while the “FTSE” Abu Dhabi General Market Index (Fadji) ended at 9785.32 points and the real estate index rose. 31.6%, consumer goods about 15.6%, and healthcare 7.1%, energy 3.6% and services 2.7%.

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Shares of “Abu Dhabi National Hotels” made the biggest gains on the Abu Dhabi market since the start of the year, rising 161%, followed by “Buildco” with gains of 85.2%, and shares of “ADNOC Drilling” with 34.9%, and “Aldar Properties” with 30%, and “ADNOC Gas” 23.8%, “Abu Dhabi Islamic” 23.6%, “ADNOC Logistics” 16.6%, “Abu Dhabi Ports” 12.4%, “Yahsat” 7.2%, and “Boroj” 6.1%.

“International Holding” has the largest share of the trade, attracting more than 65.6 billion dirhams in cash flow, followed by “Alpha Tabi” with about 22.1 billion dirhams, then “Multiplay” with 17.7 billion dirhams, “First Abu Dhabi” with 10.7 billion dirhams, and “Altar” with 9.1 billion dirhams. billion dirhams.

The Dubai Public Market Index rose 24.8% or the equivalent of 827.5 points in the first nine months of this year, jumping from 3336.07 points at the end of last year to reach 4165.58 points in the last September sessions. The real estate sector index was up 40.9%, industrials 30%, financials 22%, and services 16.1%, their highest levels in more than eight years.

The performance of the Dubai market improved with “Emaar Properties” shares rising 37.2%, “Emirates NBD” 36.9%, “DEWA” 10.3%, “Emaar Development” 58.7% and “TECOM” shares 21.8%. %, and “Air Arabia” 30.7%. %, “SALIC” 33.5%, “Dubai Investments” 13.8%, “Empower” 33.1%, “Dubai Financial Market” 5.3%, and “Dubai Islamic” 2.6%, while “Gulf Navigation” posted strong gains of over 974%. “Ajman Bank” also achieved 91.5%.

“Emaar Properties” has the largest share of the trade, attracting about 16.2 billion dirhams, “Emirates NBD” 9.07 billion dirhams, “Ajman Bank” 5.68 billion dirhams, “Dubai Islamic” 5.5 billion dirhams and “Deva” 4.98 billion. billion dirhams.

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• 4 new listings in the current year including “ADNOC Gas”, “Brissite”, “ADNOC Logistics and Services” and “Al Ansari”.

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Emirates News Agency – UAE stocks have added 342 billion dirhams to their market capitalization in less than 9 months.

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Emirates News Agency – UAE stocks have added 342 billion dirhams to their market capitalization in less than 9 months.

By: Rami Samy.

ABU DHABI, 30 September / WAM / Local stock markets added 342 billion dirhams to their market capitalization in the first nine months of this year, driven by increased demand from companies and investment portfolios, and new listings based on data from the Abu Dhabi Securities Market and the Dubai Financial Market.

Markets’ market value was boosted by four new listings in the current year, including “ADNOC Gas”, “Brissite” for artificial intelligence solutions and “ADNOC Logistics and Services” on the Abu Dhabi market. Shares of “Al Ansari” Financial Services on the Dubai Financial Market.

The market capitalization of listed shares rose from 3.206 trillion dirhams at the end of last year to 3.548 trillion dirhams in the last sessions of this September, with 2.852 trillion dirhams distributed to listed shares and 696.6 billion listed shares on the Abu Dhabi Securities Market. In the Dubai Financial Market.

Local stocks attracted more than 321.6 billion dirhams in liquidity in the first nine months of the year, with 243.9 billion dirhams distributed on the Abu Dhabi Securities Market and 77.6 billion dirhams on the Dubai Financial Market, while around 87.2 billion shares were traded, including 44.6 billion shares. 42.6 billion shares in the Dubai Financial Market in Abu Dhabi and the Dubai market, by executing more than 4 million transactions in the two markets.

– Abu Dhabi Market.

The Abu Dhabi Market Index “Fadex 15” ended this September with 9496.03 points, while the FTSE Abu Dhabi General Market Index “Fadji” gained 9785.32 points and the real estate index rose 31.6. %, consumer goods around 15.6%, healthcare 7.1%, energy 3.6% and services 2.7%.

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Shares of “Abu Dhabi National Hotels” achieved the biggest gain in the Abu Dhabi market since the beginning of the year, rising 161%, followed by “Buildco” with gains of 85.2%. “ADNOC Drilling” shares another 34.9%, “Aldar Properties” 30%, and “ADNOC Gas”. “23.8%, “Abu Dhabi Islamic” 23.6%, “ADNOC Logistics” 16.6%, “Abu Dhabi Ports” 12.4%, “Yahsat” 7.2%, and “Boroj” 6.1%.

“International Holding” has the largest share of the trade, attracting more than 65.6 billion dirhams in cash flow, followed by “Al-Dhabi” with about 22.1 billion dirhams, then “Multiplay” with 17.7 billion dirhams, “First Abu Dhabi” with 10.7 billion dirhams and “Aldar” with 9.1 billion dirhams. .

– Dubai market.

In the first nine months of this year, the Dubai General Market Index rose 24.8% or the equivalent of 827.5 points, from 3,336.07 points at the end of last year to 4,165.58 points in the last September sessions. Its highest levels in more than 8 years, with the index rising, real estate sector 40.9%, industrials 30%, financials 22% and services 16.1%.

The performance of the Dubai market improved with “Emaar Properties” shares rising 37.2%, “Emirates NBD” 36.9%, “Dewa” 10.3%, “Emaar Development” 58.7% and “TECOM” shares 21.8%. %, “Air Arabia” 30.7%, and “SALIC”. Stronger than “33.5%, “Dubai Investments” 13.8%, “Empower” 33.1%, “Dubai Financial Market” 5.3%, “Dubai Islamic” 2.6%, while “Gulf Navigation” 974% and “Ajman Bank” 91.5% Profit was achieved.

“Emaar Properties” accounted for the largest share of the trade, attracting about 16.2 billion dirhams, “Emirates NBD” 9.07 billion dirhams, “Ajman Bank” 5.68 billion dirhams, “Dubai Islamic” 5.5 billion dirhams and “Deva” 4.98 billion in liquidity. Dirham.

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Ahmad al-Boutli/Rami Samih

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4 new AI tools you can use to edit photos on Instagram

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4 new AI tools you can use to edit photos on Instagram
As part of Meta’s Connect conference last Wednesday, Mark Zuckerberg revealed several creative AI features that will be useful for some content creators and influencers. For example, users will be able to use Meta’s AI technology, revealed as Emu. In the Instagram app.


Zuckerberg said Meta will begin rolling out these photo-editing and generative AI tools to Instagram “in about a month,” and Meta’s Emu technology will take seconds to generate images, Zuckerberg said during the Connect conference.


In addition to photo editing tools, Meta is already releasing AI stickers that use Emu and Llama 2 technology, and advanced applications of AI will soon appear in Meta apps in the form of chatbots or AI-powered assistants. Meta will begin testing the beta feature immediately.


Here’s a full rundown of the new AI features Meta brings to Instagram:


– New photo editing tools in the Instagram app:


Like many apps and generative AI filters that are ubiquitous on TikTok, Instagram is adopting its own generative AI tools. Users can also edit photos by “re-styling”, which changes the artistic style of the photo, similar to altering the photo. A watercolor, or “background,” that allows users to replace the background of the image with an illustration.


Any image edited using these tools “represents the use of artificial intelligence,” Mitta wrote in a blog post.


– AI-generated stickers for use in direct messages:


Instead of sticking with Instagram’s existing preloaded stickers or emojis, Meta is rolling out a new tool that lets users create unique stickers using AI. Meta wrote in his blog post that the feature will be rolling out to “select English users next month.”

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AI stickers are also available in Instagram features like Live Messages and Stories, and other apps like WhatsApp, Messenger and Facebook’s Stories feature.


– Interactive AI bots – or characters:


In addition to its general AI assistant called “Meta AI,” Meta is working with celebrities and influencers to develop 28 AI chatbots. The first cast uses celebrities and popular influencers like Tom Brady and Kendall Jenner. MrBeast, LaurDIY, and Charli D. Amelio and the AI ​​characters will have their own profiles on Instagram and Facebook.



– Creators will be able to build their own robots in the future:


“We’re building a platform to build AI that can help you do things or have fun,” Zuckerberg said. “The way it works is that people can interact with these AI systems across the entire product universe. .”


Zuckerberg pitched these AI bots as a potential way for creators to “engage” with their communities. The creator of these bots should be “authorized” and “directly controlled,” Meta wrote in a blog post. Already, many startups have released AI tools. Similar applications allow creators to create AI versions such as Afterparty or Render Media.

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