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 →
With Abu Dhabi alone on track to generate more than 10,000 megawatts of electricity for the first time, discussion about improving energy efficiency in the United Arab Emirates is taking on a more critical tone. Daytime energy use in the hot summer months is still experiencing rampant year-on-year growth, with peak demand this year growing by 12 per cent. Lying at the heart of these consumption levels is the need for air conditioning, which accounts for about half of total electricity demand. Business and Government Action At the commercial level, considerable steps are being taken to reduce the Emirate’s carbon … Continue reading →
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