{"id":86874,"date":"2024-09-23T00:00:00","date_gmt":"2024-09-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/23\/oman-is-working-on-a-new-energy-transition-strategy\/"},"modified":"2024-09-23T00:00:00","modified_gmt":"2024-09-23T00:00:00","slug":"oman-is-working-on-a-new-energy-transition-strategy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/23\/oman-is-working-on-a-new-energy-transition-strategy\/","title":{"rendered":"Oman is working on a new energy transition strategy"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Oman develops new energy transition strategy: <\/strong>Oman\u2019s Ministry of Energy and Minerals (MEM) is working with public and private organizations to develop a new energy transition strategy to reach carbon neutrality by 2050 in line with <a target=\"_blank\" href=\"https:\/\/www.oman2040.om\/?lang=en\" style=\"\" rel=\"noopener\">Oman Vision 2040<\/a>, <a target=\"_blank\" href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/439075\" style=\"\" rel=\"noopener\">Oman News Agency<\/a> reported on Saturday. The strategy will cover the areas of energy efficiency, renewables, hydrogen, and carbon capture. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The five pillars:<\/strong><span style=\"background-color: transparent;\"> Oman\u2019s new energy transition strategy will build upon five pillars;<\/span><\/p>\n<ul>\n<li>Ensuring the supply of energy supplies;<\/li>\n<li>The orderly roll out of decarbonization efforts across the sultanate;<\/li>\n<li>Building local supply chains to enable energy transformation;<\/li>\n<li>Building a low-carbon economy;<\/li>\n<li>Maintaining Oman\u2019s competitiveness in the global energy market.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Oman aims to increase the share of renewables to 30% by 2030, 70% by 2040, and 100% by 2050. The country also plans to improve energy efficiency to 6MJ per USD of GDP by 2050, , Director of Electricity and Energy Efficiency Policies and Strategies at the Ministry of Energy and Minerals Maryam bint Mohammed Al Hashimi told ONA in a statement. Further plans include selling only zero-emissions vehicles by 2050 and producing 1 mn tons of green hydrogen by 2030, 3.5 mn tons by 2040, and 9 mn tons by 2050. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEM\u2019s been busy this year: <\/strong>MEM launched a digital platform that aims to attract investments to the energy sector called Taqa <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43e0d712-fc73-4768-93d9-0714897f64c7\/morocco-get-a-eur-84-mn-boost-for-climate-resilience-from-afdb\" style=\"\" rel=\"noopener\">in June<\/a>. Earlier in March, MEM said Oman was set to invest between <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0b795b98-4cd4-406f-b00d-4bef0dcd0141\/\" style=\"\" rel=\"noopener\">USD 40 to 60 bn by 2030<\/a> in green hydrogen production and its needed common-use infrastructure \u2014 up from the USD 20-30 bn announced last year. Also in March, MEM, Hydrom, OQ Gas Networks, and the Port of Duqm met with a delegation from Dutch energy network operator Gasunie with the aim of exploring collaboration opportunities in green hydrogen. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The strategy is in line with the Oman Vision 2040<\/p>\n","protected":false},"author":1,"featured_media":86875,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[363],"tags":[362,389,11,92,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-policy","tag-climate-policy","tag-energy-transition","tag-enterpriseclimate","tag-oman","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"38e013e7-1241-4e03-b604-5d39ea7dd0a5","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1156.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oman is working on a new energy transition strategy","related_issue":[86864],"teaser":"The strategy is in line with the Oman Vision 2040","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.b787ce75-8f88-40f5-bce4-421c2b207174.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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