Climate concerns are driving an acceleration in the global transition towards environmentally sustainable energy sources, with signficant implications for emerging markets as they seek to keep pace with high demand growth over the long term.
The Middle East Energy
Displaying 19 - 24 of 150
The coronavirus pandemic has given rise to a global uptick in regional cooperation and interconnectedness as a means to economic recovery. Forming part of this trend, countries in the Arab world have recently moved to expand cooperation with regard to electricity supplies.
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
– Energy demand and oil prices slumped on the back of Covid-19
– OPEC+ countries agreed on sharp production cuts to stabilise prices
– While coal, oil and gas investment fell, investment in renewables increased
– Rise in sustainable finance looks set to bolster the renewable transition
Economic update | Will Covid-19 accelerate the renewable energy transition in emerging markets?
6 Jul 2020
With new data showing that global carbon emissions are rebounding more quickly than expected after coronavirus lockdowns are eased, questions are being asked about the prospects for renewable energy projects in emerging markets.
The Covid-19 pandemic has proved a unique challenge for the global economy, and in particular the energy industry, which has witnessed a severe fall in demand in response to lockdown measures around the world. Despite this, major developments in the Gulf suggest that players are pursuing a business-as-usual attitude as they push ahead with major investment plans.