Gulf States Advance Clean Energy Agenda but Need to Decarbonize Much Faster
While Gulf states are boosting their green energy potential, the demands of the energy transition require them to prioritize decarbonizing oil and gas production.
While Gulf states are boosting their green energy potential, the demands of the energy transition require them to prioritize decarbonizing oil and gas production.
The next few years will be pivotal for the Gulf and the broader international community as the world’s energy architecture is redesigned to meet net-zero ambitions.
Chinese investors are less risk averse than their Western counterparts, hence their strong showing in the latest upstream opportunities offered by Baghdad.
While other Gulf Arab oil producing states have advanced diversification policies to ease reliance on oil revenue and increase renewable energy investments, Kuwait has lagged behind.
Iraq is stepping up efforts to reduce flared gas as the first solar power plant moves forward with France’s TotalEnergies.
Oil flows are redirected as war and Houthi attacks on shipping in the Red Sea disrupt traffic.
While geopolitical tensions have the oil market “on edge,” the IEA expects a well-supplied market amid weaker demand.
Iran’s oil resurgence is a critical market and political development, but the Iranian energy industry remains in a shaky state.
The divergence between the IEA and OPEC outlooks is largely due to assumptions regarding the speed at which internal combustion engine vehicles will be replaced by electric vehicles.
Gulf national oil companies represent a new pool of capital for global gas investment, and with some of their first forays in the United States, Gulf gas deals suggest Washington’s relations with Riyadh and Abu Dhabi are improving.
Learn MoreThrough its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.
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