Saudi Aramco CEO warns of 'painful awakening' as energy costs rise Amin Nasser said that green energy would not replace oil as demand for crude continues to grow, especially from the Global South. Saudi Arabia
Exclusive Saudi finance minister hints kingdom could meet 2030 renewables target early On Monday, the kingdom commissioned its largest battery energy storage system to its grid, with a capacity of 500 megawatts and the ability to store 2,000 megawatt hours of electricity. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Exclusive Global renewables surge forward despite Trump’s climate reversals, says IRENA chief Although Gulf countries are still heavily reliant on oil and gas, they are quickly moving toward a greener system, International Renewable Energy Agency head Francesco La Camera told Al-Monitor. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Gulf wealth funds propel Middle East deals in 2024 The Gulf region continued its trajectory toward becoming a global investment powerhouse as sovereign wealth funds fed capital into AI, clean energy, entertainment, sports, start-ups and tourism. Saudi Arabia
Analysis Despite green energy deal blitz, Middle Eastern climate efforts fell flat in 2024 By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Abu Dhabi to invest $15 billion in decarbonization The Abu Dhabi National Oil Company’s interest in carbon capture and hydrogen is not new, and is part of a wider shift in the United Arab Emirates. Gulf
Dubai’s use of solar power increased in 2022 Dubai is playing a large role in the UAE’s move toward solar energy. Gulf
Elon Musk’s electric vehicle company Tesla hiring in Turkey The US electric vehicle maker already has a presence in Jordan and Israel and could soon launch in Turkey, where Musk has a good relationship with President Erdogan. Turkey
Saudi Arabia sends blue ammonia to South Korea Saudi-South Korean energy and economic cooperation is increasing. Other Gulf states are also exploring blue ammonia, and the energy source has both benefits and downsides. Gulf
Israel earmarks residential rooftops for electricity production The new strategy of the Ministry of Energy includes encouraging residential buildings to install solar panels that would then be connected to the national electricity grid. Israel
PRO: Middle East climate tech startups to be hot investment in 2023 A handful of regional firms have received significant investments recently. By Al-Monitor Staff
Iran produces pickup truck in compliance with EU emission standards Khodro’s Foton Tunland complies with the European Union’s Euro VI emission standards for heavy vehicles. Iran
Egypt, US, Germany launch plan to reduce methane emissions The COP27 initiative seeks to accelerate Egypt's green energy transition. Egypt
Egypt reaps economic, political gains from COP27 Egypt has achieved several major deals as well as boosted its foreign policy by hosting COP27. Egypt
Israel, Jordan sign first environmental agreement at COP27 The environmental agreement signed yesterday between Israel and Jordan is the first such development ever between the two countries. Israel
GCC states focused on both oil, green energy at COP27 During the COP27 in Egypt, Gulf Cooperation Council states have focused on both oil and green energy in light of rising energy demand and the nations’ reliance on energy exports. Gulf
Etihad launches initiative on sustainable aviation fuel to decarbonize flights Sustainable aviation fuel, which is sourced from biological materials, has great carbon reduction potential. However, airlines' reluctance to spend more on fuel is hampering its development, according to some observers. Gulf
