Developing Guarantee of Origin Scheme as Part of Regulatory Framework to Enable Innovation in Neom's Green Hydrogen Ecosystem: Practical Insights

Abstract

This paper explores the development of a Guarantee of Origin (GoO) scheme within Neom's green hydrogen ecosystem, aiming to enhance innovation and sustainability in the renewable energy sector. Through qualitative research, including in-depth interviews with 15 experts in renewable energy policy and green hydrogen, the study provides a comprehensive analysis of the challenges, opportunities, and strategic implications of implementing a GoO scheme. Key findings indicate a diversity of approaches to GoO implementation, emphasizing the need for a balance between standardization and flexibility, the importance of robust verification and transparency, and the necessity of aligning with international standards. The study recommends developing a GoO framework that combines consistent international practices with adaptability to local dynamics, underpinned by stringent verification processes and collaborative problem-solving. Future research directions include comparative studies of global GoO schemes, technological advancements in GoO implementation, long-term impact assessments, and the evolution of international policy frameworks. The paper concludes that establishing a GoO scheme in Neom’s green hydrogen project is crucial for market competitiveness, consumer trust, and investment attraction, with broader implications for global renewable energy initiatives. This research contributes to the discourse on renewable energy regulation and sustainable innovation, offering practical insights and recommendations for policymakers, industry stakeholders, and researchers in the field.