Middle East energy transition ambitions are under pressure
Decarbonisation progress so far has been insufficient to meet the ambitious climate goals set out by many countries in the Middle East region.
In our base case, we expect emissions to remain at roughly their current levels through until 2050. Despite a massive renewable energy rollout, abatement in the power sector is offset by petrochemical industry expansion and a 52% growth in vehicle stock by 2050 with only 7% electric vehicle (EV) adoption.
Commercialising low-carbon fuels supply is a critical to Middle East decarbonisation strategies
The Middle East’s oil and gas reserves have…
