Mr. Mussabeh Al Kaabi: Hydrogen and CCS provide nice promise, however, like another transformative know-how, they require R&D consideration, funding, and scale-up alternatives.
Hydrogen is an considerable and moveable gasoline that might assist cut 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 anticipate extra enhancements to permit wider client use. We’ll proceed to develop and spend money on them, whereas persevering with to responsibly present our conventional portfolio of low-carbon vitality 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 latest years—an 89% discount from 2010 to 2022 in line with the Worldwide Renewable Vitality Company—simply goes to point out that clear applied sciences can develop into viable, mainstream sources of vitality if the fitting coverage and funding mechanisms are in place.
Q: Do you like a selected decarbonization know-how?
Mr. Mussabeh Al Kaabi: We don’t have the luxurious of choosing winners and losers. The dimensions of the problem is simply too nice. World economies devour the equal of round 250 million barrels of oil, gasoline, and coal each single day. We’re going to have to spend money on each viable clear vitality and decarbonization know-how. If CCS can do it, let’s do it. If renewables can do it, let’s spend money on it.
That mentioned, I’m particularly optimistic in regards to the function synthetic intelligence will play in our decarbonization drive. We’ve been implementing AI and machine studying instruments throughout our price chain for a few years; they’ve helped us get rid of round 1,000,000 tonnes of CO2 emissions over the previous two years. As AI know-how grows at an exponential charge, we’ll proceed to spend money on the most recent improvements to make sure we offer most vitality with minimal emissions.
