Middle East green hydrogen market to reach $700 billion by 2050

The Middle East’s green hydrogen market is set for a major boom in the coming decades, estimated to reach $700 billion by 2050, according to a report by Arthur D Little.

In its report titled ‘Paving the way for green hydrogen’, the global management consultancy explores the role green hydrogen will have in the future energy mix, concluding that green energy “can be a key technology to bridge decarbonization ambitions.”

“Decarbonization is high on the world’s agenda and countries are actively seeking to lower emissions and transition to clean energy sources,” explained Carlo Stella, a partner at Arthur D Little in Dubai.