Regional countries’ economic and risk profiles will determine energy transition outcomes
Half the GCC states have pledged to achieve net-zero carbon emissions between 2050 and 2060 amid growing international pressure to address climate change and find economic alternatives to hydrocarbons.
Depending on how they develop supportive policies, this could mark the start of a more serious and organised clean energy transition across the Middle East and North Africa (Mena) region, home to the world’s cheapest oil and, most recently, renewable energy.
The pledges, which include reducing methane and greenhouse gas emissions by 2030, could prompt more widespread adoption of carbon capture, renewable energy and clean hydrogen in line with decarbonising the energy, transport, industrial and agricultural sectors.
However, regional countries' economic and risk profiles are likely to greatly affect their energy transition outcomes. Read more here
This package on net-zero in the Middle East includes:
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