Clean energy investment in the Middle East is rising, but it remains dominated by the region’s traditional role as a supplier of oil and gas
The Middle East is home to five of the world’s top oil producers: Saudi Arabia, Iraq, the United Arab Emirates (UAE), Iran, and Kuwait. Moreover, it plays a significant role as a producer of natural gas, with three of the world’s top ten producers being Iran, Qatar, and the UAE. For the moment, spending on fossil fuel supply predominates: for every 1 USD invested in fossil fuels, only 20 cents are allocated to clean energy investment, which represents…
