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Clean Energy: Most Competitive Source of New Power Generation in the Middle East

Renewable energy is the most competitive form of power generation in GCC countries, according to a new report published by the International Renewable Energy Agency (IRENA). It says that achieving stated 2030 targets brings significant economic benefits to the region including the creation of more than 220 000 new jobs whilst saving over 354 million barrels of oil equivalent (MBOE) in regional power sectors. Furthermore, the power sector’s CO2 emissions can be reduced by 136 million tonnes (22%), while water withdrawals in the power sector can be cut by 11.5 trillion litres (17% reduction) in 2020.

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Abu Dhabi Sustainability Week 2017 And A New Phase Of Growth For Clean Energy

Abu Dhabi Sustainability Week (ADSW), will host a world class group of industry leaders to advise on translating the global mandate for renewable energy and clean technologies into concerted policy and business action. This is significant as research indicates developing countries are overtaking the wealthiest economies in attracting clean energy investment. The global profile of ADSW is thus valuable in bringing emerging market opportunities to a wider stage, enabling greater cooperation between developed and developing economies.

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