Carbon Capture and Storage: Prospects in the GCC

GCC countries are burgeoning economies which are highly dependent on hydrocarbons to fuel their needs for economic growth. GCC nations are fully aware of the mounting consequences of increasing levels of CO­2 on the environment, mainly attributed to soaring energy demand of domestic and industrial sector. Regional countries are undertaking concrete steps and measures to reduce their carbon footprint through the introduction of renewable energy and energy efficiency measures. Among other options, Carbon Capture and Storage, popularly known as CCS, can be an attractive proposition for GCC nations. What is CCS Carbon capture and storage (or carbon capture and sequestration) … Continue reading

CDM Projects in MENA Region

The MENA region is an attractive CDM destination as it is rich in renewable energy resources and has a robust oil and gas industry. Surprisingly, countries in MENA host very few and declining number of CDM projects with only 23 CDM projects registered till date. The region accounts for only 1.5 percent of global CDM projects and only two percent of emission reduction credits. The two main challenges facing many of these projects are: weak capacity in most MENA countries for identifying, developing and implementing carbon finance projects and securing underlying finance. The registered CDM projects in MENA countries are … Continue reading