The 20th century’s international order, which installed the United States, Europe and Japan in dominant positions, is ending. New powers are emerging to challenge a system arranged within the framework of U.S. and European multilateralism. Transitional processes necessarily breed chaos and uncertainty. This is the global situation to which our economies and political systems must adapt.
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The hydrogen craze hits the Middle East
Hydrogen has become the linchpin of green energy transition strategies in many parts of the world. However, there is still no infrastructure or regulatory framework that could accommodate wide-scale clean hydrogen use, and fossil fuels remain the most common energy source for production. Given this state of affairs, the oil-rich Middle East could have a head start as a major hydrogen exporter.