The UAE in collaboration with the United Kingdom (UK) have conducted a new research paper for exploring green hydrogen potentials, according to the UAE-based news agency WAM.

This came as a part of a joint commitment between the World Green Economy Organization (WGEO), a Dubai-based international platform that drives coalitions to boost green economic growth and Zest Associates.

This research which is sponsored by HSBC, aims to reveal mutual opportunities which facilitate the development of hydrogen market in the two countries. “It will map innovation priorities, profile hydrogen companies, and look at how policy and regulatory collaboration between the UAE and UK can facilitate trade, encourage foreign direct investment, and guarantee the low carbon credentials of hydrogen,” the statement published by WAM said.

Additionally, the agreement included a commitment from the UAE to invest $13 billion in the sectors of technology, infrastructure, energy transition, and building on the existing program of life sciences investment.