The importance of renewable energy sources in the energy portfolio of any country is well known, especially in the context of energy security and impacts on climate change. The growing quest for renewable energy and energy efficiency in the Gulf Cooperation Council (GCC) countries has been seen by many as both – a compulsion to complement the rising energy demand, and as an economic strength that helps them in carrying forward the clean energy initiatives from technology development to large scale deployment of projects from Abu Dhabi to Riyadh. Current Scenario The promotion of renewable energy (RE) is becoming an … Continue reading →
Masdar and GDF Suez are working in a consortium as one of the pre-qualified bidders for the 200MW Noor II and 100MW Noor III CSP projects in Morocco. The winning bidders are expected to be announced in September this year and in a recent interview with CSP Today, Yago Mancebo, Investment Manager at Masdar, spoke about Masdar’s first experience in the bidding process for a CSP project and their reasons for partnering with GDF Suez. Masdar has a strong portfolio of CSP projects behind them (Gemasolar and Shams 1), whilst their partner GDF Suez are one of the biggest independent … Continue reading →
The Middle East region faces a unique set of environmental and socio-economic challenges in the form of water scarcity, harsh climatic conditions, ecological degradation and abundance of fossil fuels. Commercial and residential buildings in the Middle East consume more energy than those in other parts of the world, mainly on account of extremely hot weather, rampant use of glass exteriors and heavy reliance on air-conditioning. The Middle East building industry, in recent years, is actively trying to make widespread use of eco-friendly architecture, traditional building methods and sustainable construction practices. Some of the other drivers for the progress of green buildings sector … Continue reading →
The Middle East energy sector has played and will continue to play an important role in the regional as well as global economy. The oil and gas sector is the largest economic sector in the region. In addition to satisfying energy needs for economic and social development, it is the source of oil and gas export revenues contributing to economic development. Regional countries are heavily dependent on oil and gas to meet their domestic energy demand. Oil contributes more than half of the total energy demand in the Middle East while the rest is contributed by natural gas. Widespread use … Continue reading →
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 … Continue reading →
With ‘green’ being the buzzword across all industries, greening of the business sector and development of green skills has assumed greater importance all over the world, and Middle East is no exception. Small and medium-sized enterprises (SMEs) operating in eco-design, green architecture, renewable energy, energy efficiency and sustainability are spearheading the transition to green economy across a wide range of industries. Green SME sector in the Middle East has been growing steadily, albeit at a slower pace than anticipated. Regulations One of the major obstacles in the progress of green SMEs in the Middle East the has been poorly-designed regulation. According … Continue reading →
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