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Prospects for MENA green energy transition to 2030

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PROSPECTS 2030

High oil and gas prices have incentivised Middle Eastern and North African (MENA) hydrocarbon importers to accelerate their renewables build-outs, while exporters have deployed…

Qatar’s green strategy will focus on greening of LNG

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QATAR

Doha’s decarbonisation strategy, which started slowly, focuses on electricity production and industrial exports. Qatar has toughened sustainability targets and moved swiftly…

The Gulf will take on the energy transition challenge

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GULF STATES

The zero-carbon fuel, promoted as a way to assist a global energy transition away from oil and gas, is the focus of major planned projects in Oman and Saudi Arabia. Meanwhile…

Politics will constrain global energy subsidy cuts

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INTERNATIONAL

Several Australian and international banks have declined to provide the Carmichael project with financing, and Adani is seeking a loan of 1 billion Australian dollars (743.5…

Oman's gas sector will be prioritised over oil

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OMAN

Foreign investment in the last decade has helped to raise gas output and stabilise oil production, but the prospects for major new oil discoveries are slim. As its foreign markets…

Abu Dhabi will boost oil output for energy transition

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UNITED ARAB EMIRATES

This is part of a wider strategy to capture more value from hydrocarbons resources, launched after a major corporate restructuring following the 2015 oil price crash. The publicly…

Ukraine war threatens European climate goals

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EUROPE

The situation presents a major opportunity to accelerate Europe’s clean energy transition, if the EU can prioritise the roll-out of energy efficiency measures and low-carbon…

Saudi Arabia will implement a dual climate policy

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SAUDI ARABIA

Ahead of COP26, Saudi Arabia announced a Green Initiative and ambitious targets including net-zero carbon emissions by 2060. At the same time, officials are arguing that continued…

Green bond issuance will gradually grow in the Gulf

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GULF STATES

Meanwhile, in the United Arab Emirates (UAE), a surge in green issuance from Emirati banks highlights the growth in a debt market that can help fund efforts to mitigate and adapt…