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Mr. Mussabeh Al Kaabi: Hydrogen and CCS supply nice promise, however, like every other transformative expertise, they require R&D consideration, funding, and scale-up alternatives.
Hydrogen is an considerable and moveable gasoline that might 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 shopper use. We’ll proceed to develop and put money into 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 worth of photo voltaic over latest years—an 89% discount from 2010 to 2022 based on the Worldwide Renewable Vitality Company—simply goes to indicate that clear applied sciences can change into viable, mainstream sources of vitality if the correct coverage and funding mechanisms are in place.
Q: Do you like a specific decarbonization expertise?
Mr. Mussabeh Al Kaabi: We don’t have the posh of choosing 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 must put money into each viable clear vitality 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 concerning 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 remove round 1,000,000 tonnes of CO2 emissions over the previous two years. As AI expertise grows at an exponential fee, we’ll proceed to put money into the newest improvements to make sure we offer most vitality with minimal emissions.
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