The United Arab Emirates (UAE) is a key Middle Eastern country investing in renewable energy, as evidenced by its ratification of the Paris Treaty and the launch of the "Net Zero by 2050 Initiative" with a $163 billion investment budget.

"Several Middle Eastern countries, including the United Arab Emirates and Saudi Arabia, are investing in renewable energy as part of their energy transition strategies, with goals to increase their use of solar and nuclear power in the coming decades."

The United Arab Emirates is a leader in renewable energy in the Middle East, with a goal of increasing its share of clean energy to 50% by 2050, and other countries in the region, including Morocco, Egypt, Jordan, Saudi Arabia, Oman, and Turkey, are also investing in renewable energy.

"Morocco and Egypt are leading the way in renewable energy investment in the Middle East, with a focus on solar and wind power. Both countries have set ambitious targets for increasing their share of electricity from renewable sources and are implementing large-scale projects to achieve these goals."

Several Middle Eastern countries, including those in the Arab Gulf, are investing in renewable energy, positioning themselves for a post-oil world.

The Middle East Green initiative aims to address climate change by transitioning the region away from fossil fuels and towards cleaner energy sources, with a focus on increasing efforts to survive and thrive in a post-oil world.

"The Middle East Green initiative aims to mitigate climate change and reduce carbon emissions through the adoption of renewable energy sources, such as solar power, with Gulf states competing to achieve net zero carbon goals."

The Middle East Green initiative aims to mitigate climate change and reduce carbon emissions, with goals such as planting 10 million trees and reaching net zero carbon emissions by 2060.

The Middle East Green initiative aims to mitigate climate change and reduce carbon emissions, as the region prioritizes tackling climate change and sets new emission reduction targets.

The Middle East Green initiative aims to mitigate climate change and reduce carbon emissions through energy transition and diversification of energy sources.

"Saudi Arabia has launched the Middle East Green Initiative, aiming to plant 10 million trees and reach net zero carbon emissions in its territory by 2060."

"Climate change impacts in the Middle East include drought, sea level rise, temperature increase, water scarcity, and desertification, which threaten the region's coastal cities, farmers, and human survival."

"Climate change is having a significant impact on the Middle East, with extreme weather events such as hurricanes, heatwaves, and floods becoming more frequent. Temperature records are being broken, and some areas may become uninhabitable due to rising temperatures and water scarcity."

"Climate change is having severe impacts in the Middle East, including rising temperatures, drought, and sea level rise, which are expected to worsen over time and have significant consequences for the region."

Climate change is affecting the Middle East, with issues such as falling rainfall and rising temperatures, and other impacts including drought, sea level rise, temperature increase, water scarcity, and desertification.

The Middle East is promoting clean energy, specifically green hydrogen and renewables, as part of its energy transition strategy, driven by global interest and the need to cut emissions.

The Middle East is transitioning towards clean energy, with a focus on renewables such as solar and wind power, aiming to generate over 60% of its electricity from renewable sources by 2030.

The Middle East is promoting clean energy, including renewables like solar and wind, as part of its energy transition strategy to reduce environmental impacts and achieve a low-carbon economy.

The Middle East is shifting towards clean energy, green hydrogen, and renewables due to climate change and the need to transition from oil.

The Middle East, particularly the UAE, is promoting clean energy, including green hydrogen and renewables, as part of its energy transition strategy, with initiatives like the "Net Zero by 2050 Initiative" and significant investments in the sector.

The Middle East's energy landscape is changing due to global energy market shifts, climate change, and geopolitical alliances, with the region being particularly vulnerable to climate change and in need of transitioning away from fossil fuels.

The Middle East's energy landscape is undergoing significant changes driven by global energy market shifts, climate change, and geopolitical alliances, with countries transitioning to cleaner energy sources like solar energy.

The Middle East's energy landscape is changing due to global energy market shifts, climate change, and geopolitical alliances, with potential implications for regional influence and economic development.

The Middle East's energy landscape is changing due to global energy market shifts, climate change, and geopolitical alliances, with countries such as Saudi Arabia committing to reach net zero emissions by 2060.

"The Middle East's energy landscape is changing due to global energy market shifts, climate change, and geopolitical alliances, with a growing focus on green hydrogen as a clean energy source to achieve zero emissions by 2050."

"Saudi Arabia plans to achieve 50% of its energy from renewable sources by 2030, as part of its energy transition strategy."

The UAE plans to generate 50% of its electricity from renewable and nuclear energy by 2050.

The UAE aims to increase its share of clean energy to 50% by 2050 as part of its vision to become a global hub for green economy and clean energy.

"Egypt and Saudi Arabia are investing in solar energy as part of their energy transition strategies, with Egypt aiming to reach 42% of its electricity from renewable sources by 2035 and launching large-scale projects like the Benban Solar Park."

"Egypt and Saudi Arabia are two Middle Eastern countries that are investing in solar energy as part of their energy transition strategies."

"The Middle East region is attracting new investments in non-traditional sectoral projects as it transitions away from fossil fuels and towards a more sustainable energy mix."

"The UAE's 'Net Zero by 2050 Initiative' with a $163 billion investment budget indicates a shift towards non-traditional sectoral projects, attracting new investments in the region."

"The Middle East is shifting its focus towards a low-carbon future, with countries investing in sustainable energy and setting targets to reach net zero emissions. This shift is attracting new investments in non-traditional sectoral projects, such as renewable energy."

The region is attracting new investments in non-traditional sectoral projects, particularly in the clean energy sector, including photovoltaic energy storage systems, smart photovoltaics, and clean energy for electric vehicles.

"The UAE is investing in non-traditional sectoral projects, such as renewable energy projects, as part of its energy transition strategy, aiming to increase its share of clean energy to 50% by 2050."

Saudi Arabia, the United Arab Emirates, and Morocco are expected to lead the Middle East region in renewables capacity growth due to their significant investments and ambitious targets in solar and renewable energy.

The United Arab Emirates, Saudi Arabia, and Morocco are expected to lead the Middle East region in renewables capacity growth, driven by investments in solar energy projects and government targets to increase clean energy shares.

The UAE is investing AED 200 billion in renewable energy as part of its strategy to move towards a low carbon future.

Gulf Cooperation Council countries are transitioning to renewable energy, with goals to increase the proportion of renewable energy in their energy mix, such as relying on renewable and nuclear energy by 50% to generate electricity by 2050.

Gulf Cooperation Council countries are transitioning to renewable energy, with the Middle East and North Africa region expected to see significant investments in renewable energy, accounting for 34 percent of electricity investment between 2022 and 2026.

Gulf Cooperation Council countries are transitioning to renewable energy sources, including solar and wind power, as part of their efforts to diversify energy sources and reduce environmental impacts.

Gulf Cooperation Council countries are transitioning to renewable energy as part of their energy diversification strategy to reduce dependence on hydrocarbons and achieve net-zero emissions targets.

Gulf Cooperation Council countries are transitioning to renewable energy as the world moves away from oil.

The Middle East economies will undergo significant changes as the world shifts away from oil, given the region's heavy reliance on oil revenues.

The Middle East economies will experience economic change as the world transitions away from oil, driven by climate change and shifting global consumption patterns.

The Middle East economies will face significant changes as the world shifts away from oil, with Gulf states under pressure to increase output and governments still far from their goals in preparing for a post-oil world.

The Middle East economies will face significant changes as the world transitions away from oil, with a need to adapt to renewable energy sources to achieve climate goals and ensure economic stability.

"Gulf countries, including Abu Dhabi, Qatar, Bahrain, Kuwait, and Saudi Arabia, are developing renewable energy infrastructure in the Middle East, with a focus on solar power and net zero carbon goals."

"Saudi Arabia's Vision 2030 program aims to develop renewable energy sectors by 2030, with a goal of increasing the proportion of renewable energy from 0.3% to 50%."

"Saudi Arabia, a major oil and gas exporter, has set a target to reach net-zero emissions by 2060, marking a significant step in the country's energy transition."

The United Arab Emirates (UAE) is a key Middle Eastern country investing in renewable energy, as evidenced by its ratification of the Paris Treaty and the launch of the "Net Zero by 2050 Initiative" with a $163 billion investment budget.

Title:

Content: The Guardian: The Middle East is facing a ‘ resurrection ’
And Mecca may not be livable by the end of the century.
Friday 29 October 2021 05: 27 pm / Jerusalem time + 2GMT
London / Sama /
Titled “Resurrection Soon: A Reluctant Middle East Forced to Awareness of the Climate Crisis, ” The Guardian ’ s diplomatic editor Patrick Wintour said that Hurricane Shaheen hit Oman some time ago, the first tropical cyclone to reach this point west into the Gulf.
In Basra, southern Iraq, power has been cut off frequently as a result of this summer ’ s temperature of 50 degrees Celsius, forcing residents to move in their cars to get cold.
Kuwait broke the record for the hottest day of 2016 of 53.6 degrees Celsius, and this summer temperatures were very high, with floods in Jeddah and more recently in Mecca at a time when temperatures in Saudi Arabia have increased by 2 percent and the maximum temperature of 2.5 percent since the 1980s.
Qatar is the world ’ s highest emitting country and the world ’ s largest producer of liquefied gas (LNG), and public spaces are equipped with air conditioners.
In Tehran, pollution annually kills 4,000 people a year, and in Khuzestan province, citizens have blocked streets and burned tires due to drought as a result of mismanagement, U.S. sanctions and a deadly atmosphere.
In the United Arab Emirates, the climate crisis is estimated to cost $6 billion a year, the highest in terms of health costs.
The salinity of the Gulf increased with the proliferation of desalination plants by 20%, which affected marine life and biodiversity.
Conditions are expected to worsen at a time of rising temperatures, humidity and sea levels.
Warming rates in the Middle East are twice as high as in the world.
By the end of the century, if the dangerous predictions are correct, Mecca may not be fit for life, making the Hajj season dangerous if not catastrophic.
Large swaths of the Middle East have come to resemble the Afar region of Ethiopia, a vast area without human settlement that pushes towards the Red Sea.
The glittering cities of the Gulf may face the dilemma of rising water levels themselves.
We do not speak of the day of judgment, but of the day of judgment.
Jim Crane, an energy researcher at Rice University in Houston, said: “This is really a difficult topic because the interests of the ruling elites are at odds with the interests of the citizens.
The ruling elite depends on oil resources for the survival of their regimes.
They want to keep the oil trade in order to keep them in power.
Their system is based on oil leasing, but the population ’ s ultimate interests lie in a sustainable climate. ”
Zeina Khalil Haj, founder of Greenpeace in the Middle East, believes that the region is suffering from double pressure: “With increasing demands for energy change, a region that relies on fossil energy, oil and carbon for its economic survival, but cannot continue this dependency.
There will be no oil market but with climate change, they are required to increase efforts to survive.
The extreme climate is changing people ’ s lives on a daily basis and there is no choice but to go green. ”
The West ’ s persistent appetite for fossil energy has led the region to build car-based cities, shiny skyscrapers filled with air conditioners and shopping malls.
It must look for ways to avoid self-destruction, and it must be, according to Thomas Friedman, the Prometheus moment for the Middle East and the search for creative and creative ways.
In fact, the region has been reminded for a decade that it has to make the transition from oil.
Although the moment when oil demand will reach its highest point remains controversial, and depends on a number of assumptions about regulation, technology and customer behavior, the point I mentioned is 2040, after which demand will decline.
But the International Energy Organization ’ s “Net Zero ” report sees the peak as 2050 and by comparison suggests a reduction in oil demand from 88 million barrels per day in 2020 to 72 million barrels per day by 2030, and 24 million barrels per day in 2050, a 75% decline between 2020-2050.
The report argues that the Gulf has three factors underpinning the transformation: capital, sun, and vast, empty spaces.
Until recently, the Gulf states, including Iran, did not feel the desire to shift away from fossil energy to this extent.
When asked, Saudi Oil Minister Prince Abdulaziz bin Salman said it was “a sequel to La La Land, ” meaning that the report and its writers do not know what is happening.
"If I wanted to worry about the IEA's expectations, I would be on Prozac all the time," he said.
Qatar ’ s Energy Minister Saad al-Kaabi said reducing oil and gas production levels would affect the supply process and laughed at “the enthusiasm surrounding the transition. ”
The Organization of Petroleum Producing and Exporting Countries (OPEC) forecasts that the process of oil demand will increase significantly through 2045 and the share of oil in global energy demand will fall from 30% to 28%, which is not a green revolution.
Gulf states still rely on gas and oil exports, accounting for 70 percent of goods exported from Kuwait, Qatar, Saudi Arabia and Oman.
Oil resources account for more than 70% of the total resources of Kuwait, Qatar, Oman and Bahrain.
In Vision 2030, published by Prince Mohammed bin Salman in 2016, he promised to turn the country into an important industrial hub.
World Bank figures show that Saudi Arabia relies on 75% of its oil resources for its budget.
Aramco, which is making its mark on global carbon emissions, is not diversifying at the same pace as Shell or BP.
Instead, it announced it would increase crude oil production capacity from 12 million barrels per day to 13 million barrels per day by 2027.
Haj believes that the shift away from oil may require a psychological shift from the consumer mentality, “The Gulf has not yet reached this kind of discussion.
If you see the way of life in the UAE and Qatar, it is based on inexhaustible consumption, and I fear we are still a long way from that in terms of politics and readiness. ”
Iran is the largest country in the world in terms of carbon emissions by population, followed by the UAE in second place and Saudi Arabia in 13th place.
Of course, Gulf rulers at events such as the Glasgow climate conference can defend themselves by saying that their region is not the primary source of carbon emissions, and historically, collectively, accounts for 4.7% less than carbon emissions and pollution from the United States, Europe and China.
The Middle East exports oil, but pollution is the responsibility of those who import it.
But the region ’ s leaders have come to grips with the problem not because of Western pressure but in response to citizens ’ demands, the goose has realized that the eggs, the oil, are no longer golden but brown.
The UAE is the first country to say it has moved to ratify the Paris Treaty and is the least dependent Gulf state on oil for its government resources.
Last week, she announced the “Net Zero by 2050 Initiative ” with an initial investment budget of $163 billion and appointed the Minister of Climate Change and Environment, Maryam Al Muhairi.
The announcement came after the government ordered awareness sessions in all its ministries since June for 80 days.
It was the first country in the Gulf to adopt a net zero domestic consumption policy.
The plan is still in its infancy and some of its features are unclear, but the direction is clear.
It promised to rely on renewable and nuclear energy by 50% to generate electricity by 2050.
Abu Dhabi ’ s national oil company said it would get 100 percent of its electricity from the nuclear reactor and solar power.
The Mohammed bin Maktoum Solar Park will be the largest in the world with a capacity of 5,000 megawatts.
Gulf states are competing with each other, with news reports that Qatar has appointed a climate minister, Bahrain aiming for net zero carbon by 2050 and Kuwait announcing a plan to reduce carbon emissions.
Saudi Arabia does not like to be late.
It announced that it would increase the proportion of renewable energy from 0.3% to 50% by 2030.
The plan is to plant 10 million trees in the coming decades.
Over the weekend, the kingdom organized a summit of the Green Middle East Initiative, attended by John Kerry and Britain ’ s Prince Charles.
It promised to reach net zero carbon emissions in its territory by 2060.
The main reason the Gulf states have been slow to shift away from oil and its commodities is that they have made them rich and helped them anesthetize their citizens.
Their loyalty was bought through a series of subsidies for water, electricity, fuel and tax breaks.
These dynamics were different from Iraq, Lebanon and to a lesser extent Iran, but the situation is changing with the emergence of local environmental groups.

"Several Middle Eastern countries, including the United Arab Emirates and Saudi Arabia, are investing in renewable energy as part of their energy transition strategies, with goals to increase their use of solar and nuclear power in the coming decades."

The United Arab Emirates is a leader in renewable energy in the Middle East, with a goal of increasing its share of clean energy to 50% by 2050, and other countries in the region, including Morocco, Egypt, Jordan, Saudi Arabia, Oman, and Turkey, are also investing in renewable energy.

Title:

Content: Fossil fuels, which have powered the industrial growth and development of civilisations for centuries, are facing a looming deadline of depletion. Moreover, they have caused severe environmental and social problems, such as climate change, conflicts, and pollution. The need for alternative and sustainable energy sources is clear and urgent. However, the transition to a post-fossil fuel era is not easy or straightforward. It requires innovation, investment, cooperation, and vision.

This article explores the challenges and opportunities of global energy transformation, focusing on the dual nature of fossil fuels, the countdown to their exhaustion, and the promise of renewable energy sources. It also highlights the progress and potential of some countries in the Middle East and North Africa (MENA) region, which is one of the most dependent regions on fossil fuels in the world.

Fossil Fuels: A Double-Edged Sword

Fossil fuels, comprising oil, coal, and natural gas, are ancient energy sources that have been central to the development of various industries and sectors. They have enhanced transportation, manufacturing, agriculture, and electricity generation. They have catalysed global trade, commerce, and innovation, elevating the quality of life for millions.

However, this ascent has been coupled with profound challenges. Fossil fuels have been a source of geopolitical strife, epitomised by wars and conflicts over their control and distribution. They have also exacerbated environmental issues, such as greenhouse gas emissions, global warming, and climate change. Incidents like oil spills, gas leaks, and fracking have inflicted severe damage on ecosystems and public health.

The Countdown to Depletion

The finite and non-renewable nature of fossil fuels leaves humanity facing a daunting deadline. Predicting the exact exhaustion of these resources is a complex endeavour, influenced by reserves, consumption rates, technological advancements, and price fluctuations. Nonetheless, projections based on current data paint a concerning picture.

According to Octopus Energy, the year 2060 may mark the twilight of fossil fuels, based on current consumption and reserve estimates. In 2020, global oil production reached 91.7 million barrels per day (b/d), with key players like the United States, Saudi Arabia, and Russia at the forefront. Simultaneously, natural gas production stood at 3.94 trillion cubic meters (bcm). Although the Covid-19 pandemic temporarily curtailed production, a resurgence is anticipated. In contrast, natural gas consumption steadily rises by over 3% each year.

Should additional oil reserves remain elusive, known deposits could be depleted by 2052. The stark reality is that demand for oil has surged, nearly doubling the average annual rate observed over the preceding decade in 2018.

Toward a Sustainable Energy Paradigm

The global imperative for alternative energy sources is clear. Sustainable options, even if not entirely devoid of environmental impact, have become a linchpin of energy discussions. The quest for sustainability is no longer optional; it is fundamental to securing a prosperous future.

Embracing alternative and sustainable energy solutions is our paramount responsibility. The adverse consequences of persisting with fossil fuels are increasingly undeniable. Furthermore, incidents such as oil spills, gas leaks, and fracking have grievously scarred ecosystems and human health.

The geopolitical maelstrom surrounding fossil fuels is a testament to their strategic importance. By reducing our dependence on these finite resources, we can contribute to global stability and peace.

The Promise of Sustainable Energy

Investing in sustainable energy is not merely an ecological commitment; it is a strategic move to safeguard long-term energy security. Renewable sources like solar and wind power do not suffer the same spectre of depletion as fossil fuels, offering a reliable and sustainable energy future. Moreover, technology’s relentless march is enhancing the efficiency and cost-effectiveness of these alternatives, ensuring a seamless transition.

In this era of unprecedented global challenges, the unsustainable trajectory of fossil fuels is no longer tenable. Transitioning to renewable and sustainable energy sources is both a moral imperative and an economic necessity. As we confront the relentless march of climate change, endeavouring to secure long-term energy stability and foster global peace, embracing this transformation is our only viable path toward a sustainable and prosperous future. It is a journey we must embark upon with unwavering determination and foresight.

The MENA Region: The abundance of wisdom

The MENA region stands as an interesting case study for global energy transformation. The region is one of the most dependent regions on fossil fuels in the world. According to the World Bank, the region accounted for 36% of the global oil production and 20% of the global gas production in 2018. However, the region also faces many challenges and risks related to its reliance on fossil fuels, such as price volatility, environmental degradation, social unrest, and geopolitical conflicts.

Therefore, some countries in the region have started to prepare for the transition to a post-fossil fuel era by diversifying their economies, investing in renewable energy sources, and promoting innovation and sustainability. According to a report by the International Renewable Energy Agency (IRENA), the MENA region has a huge potential for renewable energy development, especially solar and wind power. The report estimates that the region could generate more than 60% of its total electricity from renewable sources by 2030.

Some of the countries that have made significant progress in this field are:

• UAE: The UAE has been a leader in innovation and sustainability in the region, with a vision of becoming a global hub for green economy and clean energy. The UAE has set a target of increasing its share of clean energy to 50% by 2050. The UAE has invested in various renewable energy projects, such as the Shams 1 solar thermal plant, which is one of the largest of its kind in the world, and the Mohammed bin Rashid Al Maktoum Solar Park, which is planned to be the largest single-site solar park in the world by 2030. The UAE is also home to Masdar City, which is a planned city that aims to be one of the most sustainable cities in the world. Also, UAE is one of the 10 largest oil producing countries with a proven reserves, according to BP statistical reviews, of 100 billion barrels.

• Morocco: Morocco has been a pioneer in renewable energy development in the region, with a target of achieving 52% of its electricity from renewable sources by 2030. Morocco has invested heavily in solar power projects, such as the Noor Ouarzazate complex, which is the largest concentrated solar power plant in the world. Morocco also has a strong wind power sector, with a capacity of over 1.2 gigawatts (GW) as of 2019.

• Egypt: Egypt has also been pursuing an ambitious renewable energy strategy, with a goal of reaching 42% of its electricity from renewable sources by 2035. Egypt has a large potential for solar and wind power, especially in the Sinai Peninsula and the Red Sea coast. Egypt has launched several large-scale projects, such as the Benban Solar Park, which is expected to be the largest solar photovoltaic (PV) plant in the world when completed, and the Zafarana Wind Farm, which is one of the largest wind farms in Africa.

These are some examples of countries in the MENA region that are prepared for after fossil fuels era. However, there are still many challenges and barriers that need to be overcome, such as policy and regulatory frameworks, financing and investment mechanisms, public awareness and participation, and regional cooperation and integration.

The world is at a crossroads in its energy choices. Fossil fuels have been instrumental in driving industrial growth and development, but they have also caused severe environmental problems. Their finite nature also poses a threat to long-term energy security. The need for alternative and sustainable energy sources is clear and urgent.

Renewable energy sources offer a promising solution to this challenge. They are abundant, reliable, and sustainable. They can reduce greenhouse gas emissions, mitigate climate change impacts, and foster global peace. They can also create new opportunities for economic growth, innovation, and social welfare.

— Dr Abdullah Belhaif Al Nuaimi is a former UAE minister of Infrastructure Development and for Climate Change and Environment

"Morocco and Egypt are leading the way in renewable energy investment in the Middle East, with a focus on solar and wind power. Both countries have set ambitious targets for increasing their share of electricity from renewable sources and are implementing large-scale projects to achieve these goals."

Several Middle Eastern countries, including those in the Arab Gulf, are investing in renewable energy, positioning themselves for a post-oil world.

Title:

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Qatar is building the largest ammonia plant in the world

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Al-Attiyah International Foundation for Energy and Sustainable Development confirmed that the oil-rich Arab Gulf countries have a favorable opportunity to invest in one of the promising renewable energy sources, which could reshape their economies and reduce carbon dioxide emissions in the coming years.
It is well known that the countries of the Middle East have abundant reserves of oil and gas, as the Gulf Cooperation Council countries specifically possess about 25 percent of the world’s oil reserves, and about 18 percent of the global reserves of natural gas.
However, the region’s leaders realize that oil and gas will not be the main drivers of their economies forever, and many of them are trying to diversify the sources of the economy and expand the base of non-oil sectors.
The report added that the State of Qatar recently announced a project to build the largest blue ammonia plant in the world, with a production capacity of about 1.2 million tons per year of blue ammonia, and production is scheduled to start in 2026.
The production of green hydrogen is one of the energy sources in which the countries of the Middle East region have begun to invest heavily. Green hydrogen is produced by electrolysis of water through the separation of hydrogen and oxygen, relying on renewable energy sources.
Hydrogen is used in a wide range of applications, including power generation and storage, and transportation. It can also be used to produce jet fuel. Most importantly, hydrogen provides an important way to reduce carbon emissions in heavy industries such as steel, cement, and fertilizers.
It should be noted that blue ammonia is made from natural gas, but the carbon dioxide from the production process is captured and stored. Blue ammonia can be used as a low-carbon fuel in a wide range of industrial applications, including transportation, power generation, and heavy industries such as cement and fertilizer production. Blue ammonia is also a preferred method for transporting hydrogen over long distances.
Accordingly, the Arab Gulf countries are qualified to become a major producer and exporter of hydrogen due to their huge resources in the field of renewable energy for the production of green hydrogen, and they also enjoy a privileged geographical location near major demand centers such as the European Union and Asia, in addition to having huge financial potential to invest in Green hydrogen production projects.
On the other hand, most government revenues in the Arab Gulf countries still come from fossil fuel exports, so the establishment of green hydrogen projects will reduce dependence on oil exports, in addition to achieving an environmental benefit represented in reducing carbon emissions. Despite this, hydrogen production projects are currently subject to great economic challenges and risks, and this must be taken into consideration when making investment decisions in hydrogen projects.

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The Middle East Green initiative aims to address climate change by transitioning the region away from fossil fuels and towards cleaner energy sources, with a focus on increasing efforts to survive and thrive in a post-oil world.

"The Middle East Green initiative aims to mitigate climate change and reduce carbon emissions through the adoption of renewable energy sources, such as solar power, with Gulf states competing to achieve net zero carbon goals."

The Middle East Green initiative aims to mitigate climate change and reduce carbon emissions, with goals such as planting 10 million trees and reaching net zero carbon emissions by 2060.

The Middle East Green initiative aims to mitigate climate change and reduce carbon emissions, as the region prioritizes tackling climate change and sets new emission reduction targets.

Title:

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Huawei offers Middle East a digital supersystem to meet ambitions for a low-carbon future
© Sputnik.
Mikhail Voskresensky / Go to the Bank of Tyre solar power plant, 20 km from Damascus, Syria
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Tackling climate change is a growing priority on the agenda of most Middle Eastern countries, and last year, new climate action targets emerged across the region, and even major oil and gas exporters such as Saudi Arabia announced they would reach net zero emissions by 2060.
So far, 137 countries that are parties to the UN climate agreement, responsible for 80% of global carbon emissions, have begun to commit to clear emission reduction targets.
The Middle East also hosted an increasing number of conferences focusing on sustainable energy last year, paving the way for mega projects in the field.
The recent World Digital Energy Summit 2021 is one such forum, showing how public-private collaboration is helping usher in a low-carbon, greener future through advanced technologies.
Hosted by Huawei Digital Power, a new business for information and communications technology giant Huawei, the summit brought together more than 500 participants from 67 countries to examine the interplay between digital electronics technologies and clean energy.
Charles Yang, senior vice president of Huawei and head of global marketing sales and services at Huawei Digital Power, said: “Carbon neutrality has become a global consensus and a big task, and to achieve this goal, energy production must be low-carbon, and energy consumption must be regulated. ”
After the pandemic, there is expected to be greater demand from society for new and green energy sources.
For its part, Huawei sees an opportunity to deeply integrate digital electronics and energy technologies to create low-carbon energy solutions that cover the entire energy flow from green power generation to efficient energy consumption.
This is embodied in the company ’ s philosophy of “using bits to manage watts. ”
In June, Huawei proposed the Network Carbon Intensity (NCI) initiative, in which carbon emissions are defined by one bit as a new measure of green energy.
The initiative comes at a time when Huawei estimates that nearly 40% of its carbon emissions now come from electrical systems, and experts have highlighted how the power generation industry is transitioning to zero-emission status.
Honor launches its first phones in more than 40 countries after separation from Huawei.
Includes all Google Apps
The Middle East and Gulf region in particular is of strategic importance to Huawei, as it has the longest hours of sunlight in the world, estimated at 2,500 hours per year.
Yang asserts that there are significant opportunities for large-scale deployment of photovoltaic energy storage systems in particular.
Various test cases are now available for how to facilitate the use of artificial intelligence and big data in the operation and maintenance of energy systems more efficiently, thus companies can provide society with cleaner and more stable energy.
Smart photovoltaics, smart data center facilities, clean energy for electric vehicles, and for the construction site form an integrated network essential to driving the clean energy revolution.
Yang commented: “While we will cooperate with local companies in all these areas, I believe smart PV data center facilities are of particular importance in our plans. ”
“We have partnered with hundreds of companies, consultants, NGOs and governments around the world to consider opportunities to use a clean energy system, and the fact is that the Middle East is a major energy producer and a global leader in exploring alternative energy systems, and therefore we see tremendous potential for digital power to support the Middle East ’ s transformation agendas in building a better and greener future. ”
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The Middle East Green initiative aims to mitigate climate change and reduce carbon emissions through energy transition and diversification of energy sources.

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Content: BasicEnvironment
US $9 BILLION ARAB ENERGY INVESTMENTS
The Arab Petroleum Investment Company (APICORP) expects total planned and committed investments in the energy sector in the region to exceed $879 billion over the next five years, an increase of $74 billion from last year ’ s investments of $805 billion.
According to the Middle East and North Africa Energy Investment Outlook for 2022-2026, the impact of the Russian-Ukrainian war on the region ’ s energy sector is mixed, with energy exporting countries leading the way in spending on renewable energy projects, benefiting from windfall gains in oil and gas revenues after the war led to a sharp rise in prices.
However, geopolitical volatility and unfavorable global conditions will not slow the growth of oil, gas and petrochemical investments in the region over the next five years.
Committed Projects
In the GCC, committed projects represent about 45 percent of total energy investment in the Arab region, 50 percent higher than the overall regional average of 30 percent for this category of projects.
For countries that import most of their energy needs in the Levant and North Africa regions, energy investments have declined, as these countries are more vulnerable to the geopolitical risks of war, exacerbated by economic pressures imposed by inflation and debt burdens.
Rami Ashmawy, senior energy specialist at Apicorp, said: “The latest report reveals that the region is on its own path to energy transformation, with the region taking the largest share of future global oil and gas investments to ensure global energy security and avoid the imminent risks of accelerated growth that pose a major threat to the global economy.
At the same time, the region continues to invest in clean and renewable energy and decarbonization technologies, as part of a long-term strategic vision to build a low-carbon future through a cleaner, more balanced and more sustainable energy mix. ”
Hydrogen
Apicorp forecasts that blue and green hydrogen will dominate emerging hydrogen markets across the region in the near term, as the fundamentals of hydrogen markets will lead to their expansion.
For the Middle East and North Africa (MENA) region – and the GCC countries in particular – the focus will be on exporting low-carbon hydrogen via ammonia shipments to demand centers in Europe and Southeast Asia.
Suhail Shatila, senior energy specialist at Apicorp, said: “Blue hydrogen has proven to be a more attractive option for the MENA region in the medium term, with a relatively low production cost and limited impact on existing business models of national and international oil companies.
This is a key measure in the energy transformation journey, given the important role of hydrocarbon producers in supporting decarbonisation efforts in oil and gas exploration and achieving net-zero emissions targets by mid-century. ”
Diversification of energy sources
Countries in the region are seeking to integrate renewables into their energy mix, in line with their shared goal of diversifying the mix of power generation with low cost and low carbon sources, to enhance the security of energy supply.
The report predicts that the Arab region will boost the total installed capacity of renewable energy sources by 5.6 gigawatts during the current year 2022, which is double the capacity that was put into operation in 2021, which amounted to 3 gigawatts.
By 2026, the region is expected to add 33 gigawatts of installed capacity from renewables, of which about 26 gigawatts are in the form of electricity and distributed solar photovoltaic panels.
Apicorp predicts that natural gas, the dominant fuel in power generation, will continue to grow and maintain 70 to 75 percent of the region ’ s power generation by 2024.
As a positive sign of sustainability, the use of oil-fired energy sources is expected to decline from 24 to 20 percent of total power generation by 2024.
In Saudi Arabia, the report points to an increase in electricity generation by gas over the next five years, and a decrease in oil generation during the same period, predicting that the share of electricity generation by oil in the energy mix will fall to less than 30 percent in 2022, compared to 32 percent in 2021.
In the UAE, the share of natural gas in the power generation mix is expected to fall from around 90 percent to less than 60 percent over the next five years as it seeks to diversify its energy supply through the use of nuclear and renewable energy.
Nuclear energy production levels in the Middle East and North Africa remain relatively modest, accounting for only 3 percent of the total energy mix in 2021.
Regulations, equities, capital markets and the private sector
With oil and gas companies facing tighter financing terms, ever-changing regulations, and striving to contribute to socio-economic development and affordable energy, governments are shouldering the bulk of hydrocarbon investments to ensure the security of energy supplies.
Sustainability bonds and green bonds issued in the Middle East and North Africa (MENA) region in 2021 more than tripled compared to 2020, reaching a total value of $18.64 billion.
2021 also saw the birth of the first voluntary carbon trading program in the MENA region, by the Saudi Stock Exchange (Tadawul), paving the way for the development of a formal market for trading and exchanging carbon insurance and compensation.
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"Saudi Arabia has launched the Middle East Green Initiative, aiming to plant 10 million trees and reach net zero carbon emissions in its territory by 2060."

"Climate change impacts in the Middle East include drought, sea level rise, temperature increase, water scarcity, and desertification, which threaten the region's coastal cities, farmers, and human survival."

Title:

Content: The Middle East is on the cusp of an energy revolution.
In the midst of unprecedented climate change
The next morning – follow up:
The world is currently facing extreme weather extremes, from flash floods to heavy rainfall to record-high temperatures and wildfires, all pointing to a single source: climate change driven by carbon emissions in the air.
The Middle East is particularly affected by this situation as it produces and consumes a very large amount of carbon-emitting fossil fuels that in turn lead to climate change.
A UN report by a UN scientific panel described climate change as unprecedented, saying it was definitely people who were responsible for climate change.
He called for drastic cuts in emissions in order to keep global temperature below the limits set out in the 2015 Paris climate agreement.
According to the Intergovernmental Panel on Climate Change (IPCC), “The scope of recent changes in aspects of the climate system as a whole and the current state of many aspects of the climate system are unprecedented for centuries or several millennia. ”
"Based on the available evidence, they have high confidence that atmospheric carbon dioxide concentrations were higher in 2019 than at any point in at least two million years, and that since 1970, global surface temperature has risen faster than any other 50 years in at least the last two millennia."
234 experts from 66 countries wrote the report, the most comprehensive since 2013.
Many of the effects of climate change can no longer be avoided today.
John Alterman, vice president of the Center for Strategic and International Studies, director of the Middle East Program and director of the Brzezinski Chair for Global and Strategic Security, says no region in the world is more immersed in the consequences of global climate change than the Middle East.
The region accounts for 30% of global oil production and oil revenues are the locomotive of government revenues in the region, either because countries produce oil or because countries produce a workforce working in oil-exporting countries and send money home.
Because of oil revenues, Middle Eastern governments can and do employ large numbers of their own population.
As the world moves away from oil as a source of energy, the economies of the Middle East will change profoundly.
John Alterman adds in a report published by the Center for Strategic and International Studies that at the same time the Middle East is vulnerable to the consequences of climate change.
The region is already extremely water-poor, with the Middle East having 9 of the 10 most water-poor countries.
Drought pushes farmers away from their land and the region ’ s many coastal cities are threatened by sea-level rise, and rising summer temperatures increasingly combine with humidity to endanger human survival.
The Middle East is thus rooted on both sides of the issue of climate change.
As global consumption patterns change, the Middle East will change profoundly.
With climate change, the Middle East will also change profoundly.
He adds that developing countries' energy consumption rises sharply as incomes increase and are likely to rely on existing equipment and technology for longer.
While the rich can spend thousands on green products, for much of the world ’ s population oil and gas will remain affordable fuel.
But Middle Eastern governments may not be willing to cut their oil production.
A sustained drop in global consumption, however small, would put pressure on Gulf states to increase output in a bid to drive higher-cost producers out of the market and ensure they are not left with less valuable barrels in the ground when consumption falls further.
Governments across the Middle East have been preparing for a post-oil world for years but are still far from their goals, says John Alterman.
In the Gulf countries, years will be needed to move from the reality of high-productivity, low-wage workers supporting the efforts of low-productivity, high-wage workers.
The energy transition will be important for more than just the Middle East.
Energy security is the driver of much of China ’ s recent investment in the region.
If China decides that its energy security derives from mines in Africa and not from wells in the Middle East, we should expect a shift in Chinese interest and capital.
If there is a more permanent role for oil and gas in the global energy picture, there could be more competition between the United States and China for regional influence.
Finally, Western countries could move away from hydrocarbons for environmental reasons while China and the developing world remain devoted to them for economic reasons.
This could almost be reflected in America abandoning its future role in the Middle East, with China capturing much of this inaction.
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"Climate change is having a significant impact on the Middle East, with extreme weather events such as hurricanes, heatwaves, and floods becoming more frequent. Temperature records are being broken, and some areas may become uninhabitable due to rising temperatures and water scarcity."

"Climate change is having severe impacts in the Middle East, including rising temperatures, drought, and sea level rise, which are expected to worsen over time and have significant consequences for the region."

Climate change is affecting the Middle East, with issues such as falling rainfall and rising temperatures, and other impacts including drought, sea level rise, temperature increase, water scarcity, and desertification.

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British report presents a picture of the "new Gulf" and talks about the "aggression of Iran"
Category: Reports and Analysis
Date: 2022-09-24T19: 46: 23 + 0000
The British magazine "The Economist", on Saturday, a picture of the "new Gulf", which is turning due to the global energy crisis and geopolitical factors, considering that it will be richer and stronger, but more combustible.
The British magazine said in a report translated by the agency Shafaq News, that "within weeks, about a million football fans will come to Qatar for the World Cup, and many of them will also travel to neighboring cities such as Dubai and Abu Dhabi, noting that they will find a Gulf with a wealth of energy worth $3.5 trillion thanks to the war of Russian President Vladimir Putin in Ukraine."
In addition, Western politicians facing cost-of-living crises are guests of fossil-fuel economy properties: German Chancellor Olaf Schulz ’ s current visit to the Gulf, as well as US President Joe Biden ’ s July visit to Saudi Arabia, which he described as a pariah state for its human rights violations, and a fist-salute exchange with its de facto ruler, Prince Mohammed bin Salman.
The new oil and gas boom is taking place as deeper transformations take place, as global resource flows are re-engineered under Western sanctions, climate change, and the new formation of geopolitical alliances in the Middle East and adapted to a multipolar world where the United States is no longer seen as a reliable guarantor of security.
As a result, there is a new Gulf outlook that will remain fundamental for decades to come, but it is far from clear whether this new situation will be a source of stability.
The report pointed out that the Gulf countries belong to the Middle East region that has experienced "two terrible decades", where wars and uprisings broke out and killed a million people and the region's share of global GDP fell from 4% in 2012 to 3%.
In addition, the United States has cut its military presence in the wake of the disasters in Iraq and Afghanistan, leaving its old allies, including the Gulf states, fearful of the security vacuum that Iran and its proxies are filling.
The report described the three Gulf states - Qatar, Saudi Arabia and the United Arab Emirates - as authoritarian regimes that have long faced a decline in global demand for fossil fuels, while suffering from falling rainfall and rising temperatures due to climate change.
The first is changes in energy markets where current prices could lead the six Gulf states (Bahrain, Kuwait and Oman as well) to achieve $3.5 trillion in gains over the next five years.
In addition, Western sanctions on Russia are reorienting how energy resources are traded around the world, as Russia ’ s oil and gas production flows eastward, what is expected to turn the Gulf into the West ’ s largest supplier.
As the Gulf region is rich in energy resources, a second power is emerging: new alliances of power in the Middle East, and Iran has formed its axis of influence across the northern belt, including Iraq, Lebanon and Syria.
On the other hand, in reaction, there was a rapprochement between most of the Gulf states, Egypt, Israel and other countries, which was reflected in the "agreements of Abraham" with Israel.
The bloc is confused by the development of joint defense systems against Iranian drones and missiles, most likely relying on Israeli technology.
He said he was also linked to betting on trade that could bring greater wealth to these countries, noting that Israelis have made more than half a million visits to the UAE, while Gulf states have invested $22 billion in Egypt this year.
The report did not rule out that Saudi Arabia would one day join the "Abraham Accords," especially if Israel included the Palestinians in the idea of establishing a joint trade zone.
In addition, the bloc hopes to strengthen its ties with the rest of the world, noting that in February, the UAE signed a trade agreement with India, adding that Dubai is seeking to become a global trade center, where you can deal with anyone.
Clear indications are that the Gulf region will remain as important in global affairs in the coming decades as it was in the 20th century, although some U.S. strategists hope it will fade away.
In oil and gas, the region ’ s share of Europe ’ s imports could rise from around 10% currently to more than 20%.
But the only thing the new era may not bring is stability, and the same forces behind these opportunities are also causing unrest.
Seeking a security arrangement that relies less on the United States could backfire, the report said, adding that Iran ’ s “aggression ” could lead to a regional arms race fueled by energy profits, just as oil booms in the 1970s caused military spending to explode.
If Iran gets a nuclear weapon, countries like Saudi Arabia and Turkey will try to get a bomb of their own.
The final phase of the fossil fuel era could drag China and India deeper into the region, he said.
But the report said the biggest potential source of instability lay at home and urged millions of jobs for a large number of young people.
He concluded by saying that the “Gulf autocrats ” believe they have a long-term vision to manage this transformation, but they are vulnerable to the possibilities of repression, nepotism and arrogance, so despite this“ new Gulf ” that is emerging, some things are still the same, they will remain turbulent, and the world should not ignore them.
Translated by: Shafaq News
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The Middle East is promoting clean energy, specifically green hydrogen and renewables, as part of its energy transition strategy, driven by global interest and the need to cut emissions.

Title:

Content: Atef Abdullah (Abu Dhabi)
Global interest in green hydrogen as the fuel of the future and the “optimal ” source of clean energy has recently increased at the level of governments and companies, in a hybrid phase of energy fuel compatible with new environmental regulations and laws that also include oil and gas (carbon free) and hydroelectric.
A host of factors have spurred investment in green hydrogen, including pledges by major industrialized nations to cut emissions to zero by 2050 under the Paris Agreement on climate change.
To achieve these goals, countries need to produce massive amounts of solar, wind, and hydro to meet industry, transportation, and electricity sectors, while hydrogen provides flexible solutions to store, send, and charge energy when needed.
Hydrogen is also the most abundant element in the universe, and is produced, the green type of it, through the electrolysis of water, where this method uses an electric current to separate hydrogen from oxygen in the water, and feed electricity from renewable sources (wind and sun), while oxygen, the second component of water, is produced and released into the air, where it is a positive factor for the atmosphere.
Hydrogen economy
According to a report by Goldman Sachs, hydrogen is expected to meet about a quarter of the world ’ s energy needs by 2050, and the sector is expected to attract an estimated $11.7 trillion in investment, a forecast that is in line with a previous Bank of America study that projected an injection of $11 trillion over the period 2020-2050.
Hydrogen is likely to generate $2.5 trillion in direct revenue and $11 trillion in associated infrastructure by 2050, especially with production expected to double sixfold.
Role of the region
Although the Arab world holds about 57% of the world ’ s crude oil reserves and 26% of the world ’ s natural gas reserves, according to the statistics of the Organization of Arab Petroleum Exporting Countries (OAPEC), it also has several elements that can make it a major player in the field of renewable energy due to the large area of   the desert and sunshine most of the year.
According to a study by the Friedrich-Ebert-Stiftung (FES), the Middle East and North Africa (MENA) region is blessed with abundant wind and wind energy, which is essential for the production of low-cost green hydrogen, which in turn supports local industries, the economic and social development of the region and the creation of more new jobs.
The study stressed that the Middle East region has the potential to become a center for green hydrogen production, both for its regional and global markets, as the opportunities that exist will outweigh all challenges.
The region is home to major energy players led by ADNOC, Mubadala, Masdar, Abu Dhabi Holding, Dubai Electricity, ACWA Power and NEOM, who can accelerate the transition to a low-carbon economy in the Arab world with their physical capabilities, qualified technical staff and global expertise.
In addition to international initiatives, there are regional initiatives focused on the development of the sector such as the Middle East and North Africa Hydrogen Alliance (Dii Desert Energy), which implements initiatives aimed at the prosperity of the green hydrogen sector and sustainability by creating a strong market with local jobs and industries linked to the transformation of the energy sector.
Cost of production
At present, producing green hydrogen costs three times the cost of producing natural gas, and producing it is more expensive than gray hydrogen naturally because of the electrolysis process required to manufacture it.
But according to a recent report by the International Renewable Energy Agency (IRENA), hydrogen produced with electricity generated from renewable sources could rival conventional energy sources in terms of production costs from 2030 onwards.
This is due to the continuous decline of a range of costs such as solar and wind power production, as well as the improvement of operational and production performance in general, as well as the expansion of the production of electrolysis devices, which is reflected positively over time in reducing their costs by 40% in the short term and up to 80% in the long term.
According to the Bernstein Investment Group ’ s projections, the cost of producing green hydrogen could fall below $2 per kilogram by 2030, versus $1 per gallon of gasoline.
Fuel cell costs are likely to drop 80 percent over the same period, to $30 per kilowatt, as the hydrogen industry grows.
By the mid-2000s, hydrogen fuel-cell heavy cargo vehicles may be more competitive than diesel trucks, and by 2030 fuel-cell vehicles could compete with electric vehicles in terms of total cost.

The Middle East is transitioning towards clean energy, with a focus on renewables such as solar and wind power, aiming to generate over 60% of its electricity from renewable sources by 2030.

The Middle East is promoting clean energy, including renewables like solar and wind, as part of its energy transition strategy to reduce environmental impacts and achieve a low-carbon economy.

Title:

Content: Environmental, Social, and Governance (ESG) issues have become increasingly prominent on the global stage as organisations recognise the need to integrate sustainability into their operations.

As the Middle East moves towards a low carbon future, sustainability has become a top priority for organisations and governments across the region.

Sheikh Mohammad bin Rashid, Prime Minister and Ruler of Dubai announced while launching the National Hydrogen Strategy that the UAE is to invest up to AED 200 billion ($54.5 billion) in renewable energy.

The launch of a AED 4 billion renewable energy plant in Dubai,  and the world’s largest waste-to-energy plant are proof of sustainability climbing the agenda.

With COP 28 being held in the UAE this year, there is a renewed sense of urgency on climate change action, and the net-zero carbon target is being prioritised through policies and actions.

After all, sustainability will boost the UAE’s economic competitiveness, drive innovative policy and improve investment opportunities.

The region has seen notable sustainability innovations, including Saudi Arabia’s rapid transition to a circular carbon economy, Bahrain’s state oil company refinancing a $2.2 billion sustainability-linked corporate finance facility, and Oman’s exploration of green hydrogen as a clean energy source.

However, the Middle East faces its own unique challenges in implementing ESG practices, especially around accurate sustainability reporting and implementing early regulations to fill in previous gaps.

Other challenges that hinder the progress of the region’s ESG agenda include the talent gap, how corporates in the region address the need to implement ESG practices, as well as data availability.

Regulatory frameworks

While standardised frameworks and reporting guidelines begin to form, the lack of clear regulations can hinder consistent measurement and disclosure of ESG performance.

Global frameworks have now become more widely adopted in the region such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the newly published International Sustainability Standards Board (ISSB).

The gap in standardisation previously posed challenges for investors and stakeholders who relied on transparent and comparable ESG data for decision-making, however, we are starting to see drastic changes in this area.

Data availability

Many companies in the Middle East still face challenges in collecting, managing, and reporting ESG data, which can hinder their ability to effectively assess and manage their sustainability performance.

Data is the first step to measure any status, but also measure progress. Improving data collection mechanisms and investing in robust reporting systems will be instrumental in addressing this challenge.

ESG talent gap

Organisations need individuals with specialised knowledge and expertise in ESG practices to drive sustainable strategies effectively. Alongside this specialised knowledge, the industry also needs innovators, risk takers, agitators for change, mentors, and communicators in the field. There is however, a shortage of skilled professionals in the region with a deep understanding of ESG principles to drive innovative solutions.

Bridging this gap requires investment in education and training programmes to build a skilled workforce capable of integrating ESG considerations into business practices. Universities and training institutions are therefore increasingly offering courses and programmes on sustainability and ESG and businesses are partnering with academic institutions to develop tailored training initiatives and internships, nurturing a pipeline of talent equipped with the required knowledge and skills.

These efforts will cultivate a sustainable workforce capable of implementing and driving ESG practices in the Middle East.

Implementation by region’s corporates

Despite the challenges, corporations in the Middle East are embracing ESG practices, recognising the importance of sustainability and responsible business conduct. We see this through accelerated electrification and the increase of decarbonizing energy supply.

The GCC’s oil-producing nations have made efforts to diversify energy sources, transitioning towards net-zero carbon fuels for transportation. Investments in renewable energy, such as solar and wind, aim to mitigate environmental impacts and promote a low-carbon economic future transforming the economic system and supply chain.

Additionally, social considerations are gaining prominence. Companies are addressing social issues through initiatives that promote diversity, inclusion, and employee welfare.

Governance practices are also being strengthened to ensure transparency, accountability, regulatory reforms and ethical conduct.

While obstacles in integrating ESG practices persist in the Middle East, corporates in the region are proactively embracing sustainability and responsible business practices.

That the Middle East is emerging as a leader in ESG adoption is apparent through their fullfillment of the UN SDG goals which has driven positive environmental, social, and governance outcomes for businesses and society as a whole.

The Middle East is shifting towards clean energy, green hydrogen, and renewables due to climate change and the need to transition from oil.

The Middle East, particularly the UAE, is promoting clean energy, including green hydrogen and renewables, as part of its energy transition strategy, with initiatives like the "Net Zero by 2050 Initiative" and significant investments in the sector.

The Middle East's energy landscape is changing due to global energy market shifts, climate change, and geopolitical alliances, with the region being particularly vulnerable to climate change and in need of transitioning away from fossil fuels.

The Middle East's energy landscape is undergoing significant changes driven by global energy market shifts, climate change, and geopolitical alliances, with countries transitioning to cleaner energy sources like solar energy.

The Middle East's energy landscape is changing due to global energy market shifts, climate change, and geopolitical alliances, with potential implications for regional influence and economic development.

The Middle East's energy landscape is changing due to global energy market shifts, climate change, and geopolitical alliances, with countries such as Saudi Arabia committing to reach net zero emissions by 2060.

"The Middle East's energy landscape is changing due to global energy market shifts, climate change, and geopolitical alliances, with a growing focus on green hydrogen as a clean energy source to achieve zero emissions by 2050."

"Saudi Arabia plans to achieve 50% of its energy from renewable sources by 2030, as part of its energy transition strategy."

The UAE plans to generate 50% of its electricity from renewable and nuclear energy by 2050.

The UAE aims to increase its share of clean energy to 50% by 2050 as part of its vision to become a global hub for green economy and clean energy.

"Egypt and Saudi Arabia are investing in solar energy as part of their energy transition strategies, with Egypt aiming to reach 42% of its electricity from renewable sources by 2035 and launching large-scale projects like the Benban Solar Park."

"Egypt and Saudi Arabia are two Middle Eastern countries that are investing in solar energy as part of their energy transition strategies."

"The Middle East region is attracting new investments in non-traditional sectoral projects as it transitions away from fossil fuels and towards a more sustainable energy mix."

"The UAE's 'Net Zero by 2050 Initiative' with a $163 billion investment budget indicates a shift towards non-traditional sectoral projects, attracting new investments in the region."

"The Middle East is shifting its focus towards a low-carbon future, with countries investing in sustainable energy and setting targets to reach net zero emissions. This shift is attracting new investments in non-traditional sectoral projects, such as renewable energy."

The region is attracting new investments in non-traditional sectoral projects, particularly in the clean energy sector, including photovoltaic energy storage systems, smart photovoltaics, and clean energy for electric vehicles.

"The UAE is investing in non-traditional sectoral projects, such as renewable energy projects, as part of its energy transition strategy, aiming to increase its share of clean energy to 50% by 2050."

Saudi Arabia, the United Arab Emirates, and Morocco are expected to lead the Middle East region in renewables capacity growth due to their significant investments and ambitious targets in solar and renewable energy.

The United Arab Emirates, Saudi Arabia, and Morocco are expected to lead the Middle East region in renewables capacity growth, driven by investments in solar energy projects and government targets to increase clean energy shares.

The UAE is investing AED 200 billion in renewable energy as part of its strategy to move towards a low carbon future.

Gulf Cooperation Council countries are transitioning to renewable energy, with goals to increase the proportion of renewable energy in their energy mix, such as relying on renewable and nuclear energy by 50% to generate electricity by 2050.

Gulf Cooperation Council countries are transitioning to renewable energy, with the Middle East and North Africa region expected to see significant investments in renewable energy, accounting for 34 percent of electricity investment between 2022 and 2026.

Title:

Content: Global News
The World Today - A pivotal and promising role for the countries of the region in the transition to renewable energy
You are now following the news of a pivotal and promising role waiting for the countries of the region in the transition to renewable energy from the news section of the world and now we leave you with full details
MARCH 3, 2023 02: 16 AM - The Middle East and North Africa (MENA) region has always played a pivotal role in the oil and gas markets, but this role will not stop if the world decides to move to low-emission sources of energy.
According to APRICORP, renewable energy investments are expected to account for 34 percent of electricity investment in the Middle East and North Africa between 2022 and 2026.
According to McKinsey & Company, the Middle East and North Africa receives 22 to 26 percent of the solar radiation energy on Earth, due to its geographical location.
Solar energy is not the only thing that distinguishes the region, as countries in this region are likely to be the source of 10 to 20 percent of the global hydrogen market by 2050, according to Roland Berger.
Hydrogen is likely to generate annual revenues of $120 billion to $200 billion by 2050, and many countries in the region have already started projects to transport and export hydrogen to energy-consuming countries.
The region has about 10 percent of global carbon capture and storage capabilities.
Despite the many challenges that countries in the region must face in this regard, the Middle East and North Africa (MENA) region has the potential to play a pivotal role in the global energy transition.
The most prominent question about green finance comes in this promising region.
Nael Amin, senior director of financial services at Arthur D. Little, said on this week ’ s episode of Dot Gulf ’ s World of Energy program that green finance in the Middle East and North Africa, including green bonds, had reached $3.8 billion in 2020.
This amount, according to Amin, has grown significantly during the year 2022, specifically in 4 countries, Turkey, the Arab Emirates, Egypt and Saudi Arabia, due to the development in the region and increased investments in this sector, as well as providing some important requirements in this sector.
Amin explained that besides financing, the region is witnessing progress in many areas in terms of dealing with environmental factors, which is an attractive factor for investors.
Over the past two years, banks have significantly increased their legislation in this area, as each of the Gulf countries has implemented the necessary standards and requirements to support the business environment in the field of green energy.
There are challenges, according to Amin, the most prominent of which is the data challenge, as he pointed out that banks are approaching the activities of customers to know the necessary data on funded projects, for example, in the case of financing the construction of a building, you must know the amount of energy that will be consumed by this building.
The Gulf States are working and collaborating with each other to understand the framework that must be adopted to develop infrastructure in the field of renewable energy and promote sustainability, which will positively impact and support green investment in general in the region.
We hope that we have succeeded in conveying the full details of a pivotal and promising role that awaits the countries of the region in the transition to renewable energy.
In God ’ s care and protection.
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Gulf Cooperation Council countries are transitioning to renewable energy sources, including solar and wind power, as part of their efforts to diversify energy sources and reduce environmental impacts.

Gulf Cooperation Council countries are transitioning to renewable energy as part of their energy diversification strategy to reduce dependence on hydrocarbons and achieve net-zero emissions targets.

Gulf Cooperation Council countries are transitioning to renewable energy as the world moves away from oil.

The Middle East economies will undergo significant changes as the world shifts away from oil, given the region's heavy reliance on oil revenues.

The Middle East economies will experience economic change as the world transitions away from oil, driven by climate change and shifting global consumption patterns.

The Middle East economies will face significant changes as the world shifts away from oil, with Gulf states under pressure to increase output and governments still far from their goals in preparing for a post-oil world.

The Middle East economies will face significant changes as the world transitions away from oil, with a need to adapt to renewable energy sources to achieve climate goals and ensure economic stability.

"Gulf countries, including Abu Dhabi, Qatar, Bahrain, Kuwait, and Saudi Arabia, are developing renewable energy infrastructure in the Middle East, with a focus on solar power and net zero carbon goals."

"Saudi Arabia's Vision 2030 program aims to develop renewable energy sectors by 2030, with a goal of increasing the proportion of renewable energy from 0.3% to 50%."

"Saudi Arabia, a major oil and gas exporter, has set a target to reach net-zero emissions by 2060, marking a significant step in the country's energy transition."