Tuesday 05 / November / 2024
Muscat, Oman — The Ministry of Energy and Minerals has announced a comprehensive strategy aimed at transforming the energy sector in the Sultanate of Oman. This initiative, developed in collaboration with both government and private entities, aligns with the goals outlined in "Oman Vision 2040" and aims for zero carbon emissions by 2050.
The strategy focuses on several key areas, including energy efficiency, renewable energy, the hydrogen economy, and carbon capture, transport, and storage. It is built on five fundamental principles: ensuring secure energy supplies, facilitating an organized transition to decarbonization, enhancing local capabilities for energy transformation, promoting a low-carbon economy, and maintaining Oman’s competitive edge in the global energy market.
Maryam bint Mohammed Al Hashimi, Director of Electricity and Energy Efficiency Policies and Strategies at the Ministry, emphasized that the plan is designed to meet the energy needs essential for economic growth. This aligns with Oman's commitment to economic diversification, reducing carbon footprints, creating new job opportunities, and developing national skills.
The Ministry aims to boost the share of renewable energy to 30% by 2030, 70% by 2040, and ultimately 100% by 2050. Additionally, energy efficiency is targeted to improve to 6 megajoules per US dollar of GDP by 2050.
The strategy also includes ambitious goals for zero-emission vehicles, aiming for 100% sales of such cars by 2050. Moreover, it sets targets for green hydrogen production, with plans to reach one million tons by 2030, 3.5 million tons by 2040, and 8 million tons by 2050.
Al Hashimi noted that energy transformation is a collective responsibility, presenting new opportunities for economic development in Oman, which is rich in renewable energy resources.
As part of this initiative, the Ministry plans to conduct site tours for renewable energy and clean hydrogen projects, following Royal Decree No. 10/2023, in alignment with the strategic goals of the Oman Hydrogen Company, known as “Hydrom.”
