Mr. Mussabeh Al Kaabi: Hydrogen and CCS provide nice promise, however, like every other transformative expertise, they require R&D consideration, funding, and scale-up alternatives.
Hydrogen is an plentiful and transportable gasoline that would assist scale back emissions from many sectors, together with transport and energy. In the meantime, CCS might abate emissions from heavy, energy-intensive industries like metal and cement.
These applied sciences are confirmed, and we count on extra enhancements to permit wider client use. We are going to proceed to develop and put money into them, whereas persevering with to responsibly present our conventional portfolio of low-carbon power merchandise that the world wants.
Q: Is there any proof the prices can come down?
Mr. Mussabeh Al Kaabi: Sure, completely. The dramatic fall within the value of photo voltaic over current years—an 89% discount from 2010 to 2022 based on the Worldwide Renewable Power Company—simply goes to point out that clear applied sciences can change into viable, mainstream sources of power if the suitable coverage and funding mechanisms are in place.
Q: Do you prefer a selected decarbonization expertise?
Mr. Mussabeh Al Kaabi: We don’t have the posh of selecting winners and losers. The dimensions of the problem is just too nice. World economies eat the equal of round 250 million barrels of oil, fuel, and coal each single day. We’re going to have to put money into each viable clear power and decarbonization expertise. If CCS can do it, let’s do it. If renewables can do it, let’s put money into it.
That mentioned, I’m particularly optimistic in regards to the position synthetic intelligence will play in our decarbonization drive. We’ve been implementing AI and machine studying instruments throughout our worth chain for a few years; they’ve helped us eradicate round 1,000,000 tonnes of CO2 emissions over the previous two years. As AI expertise grows at an exponential charge, we’ll proceed to put money into the newest improvements to make sure we offer most power with minimal emissions.
