IEOM Index
The sustainability of the hydrogen economy within Oman is achieved through a multi-criteria decision-making (MCDM) approach that targets the analytical hierarchy process (AHP). The methodology involves five major criteria, that are localization potential, technical feasibility, energy security, environmental impact, and economic impact. It ensures a detailed analysis of the strategic options of Oman for the development of hydrogen. Three alternatives have been considered gradual development, a balanced approach, and rapid scaling. The assessment of each of the strategies has been done against the given criterion to identify the best path forward. Energy security and economic impact have been given more priority in the analysis, showing the strategic focus of Oman on the improvement of energy independence and economic diversification. The results show that the balanced approach, involving different assertive targets of growth along with the growth of the supporting ecosystem, is the most sustainable method for the hydrogen economy of Oman. This approach ensures economic development while boosting technical advancements and sustainability in the long run. However, rapid scaling has been ranked at the second position, showing some support for an aggressive strategy, targeted at the capitalization on rising opportunities of the global hydrogen market. On contrary to this, the gradual development approach has got the lowest ranking, showing the preference of stakeholders to have a fast development. The research targets the significance of following an adaptable and nuanced strategy balancing rapid economic development with localization objectives of the country, technical feasibility, and environmental sustainability.
