MUSCAT : The newly proposed energy transformation strategy highlights key areas of focus, including energy efficiency, renewable energy sources, and the burgeoning hydrogen economy. It emphasizes carbon capture, transport, use, and storage as pivotal components in achieving a robust energy framework.

Maryam bint Mohammed Al Hashimi, Director of Electricity and Energy Efficiency Policies and Strategies at the Ministry, stated that the plan aims to provide the energy necessary to drive targeted growth across various economic sectors, aligning with Oman’s commitment to economic diversification and carbon reduction.

The strategy is built on five fundamental principles: ensuring the security of energy supplies, facilitating an orderly transition to decarbonization, enhancing local capabilities, fostering a low-carbon economy, and maintaining Oman’s competitive edge in the global energy market.

Targets have been set to increase the contribution of renewable energy to 30% by 2030, 70% by 2040, and ultimately achieving 100% by 2050. Energy efficiency is also a priority, with goals to reach a remarkable 6 megajoules per US dollar of GDP by 2050.

Additionally, the plan envisions a complete transition to zero-emission vehicles by 2050, alongside significant milestones for green hydrogen production: one million tons by 2030, 3.5 million tons by 2040, and 8 million tons by 2050.

Al Hashimi emphasized that the energy transition presents not just a challenge but also a wealth of opportunities for economic growth, fueled by Oman’s rich renewable energy resources. As part of this initiative, tours of designated sites for renewable energy and clean hydrogen projects will commence, guided by Royal Decree No. 10/2023 and aligned with the strategic vision of Hydrogen Oman Company, “Hydrom.”

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