Tag Archives: Oil and Gas Industry

Energy Sector in Arab Countries

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The Arab energy sector has played and will continue to play an important role in the regional as well as global economy. 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. The Arab oil and gas sector represents the largest economic sector in the region. Increase of oil revenues were the main drivers for economic development in most of the Arab oil producing countries. The Arab economies, as well, are heavily dependent on oil and gas to meet their domestic energy demand. Oil contributes … Continue reading →

What is Climate Change Disinformation?

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For decades, the oil and coal industries and some of their largest industrial customers have conducted a sophisticated and wildly successful multi-million dollar campaign to convince the public that climate change is not a serious threat. The impetus for the climate change disinformation campaign has been to protect industry profits by blocking any action designed to reduce the emission of carbon dioxide and other global heating gases produced in burning fossil fuels. Policies such as carbon taxes and carbon caps are intended to limit the release of carbon dioxide by restraining demand for fossil fuels. Fossil fuel companies, however, have … Continue reading →

CDM Projects in MENA Region

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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 →