Policy Briefs

Navigating the Green Energy Transition in the MENA Region

No.

PB 130

Publisher

ERF

Date

August, 2024

Topic

Q4. Energy

In a nutshell:
  • The MENA region’s over-reliance on hydrocarbon exports has led to serious economic imbalances and limited political representation, thereby creating challenges.
  • Solar and wind energy production in the region is cost-effective and competitive, in addition to holding vast potential.
  • Projections suggest that the MENA region could contribute up to 45 percent of the world's renewable energy with sufficient investments.
  • The region’s transition to a green economy involves electrifying activities primarily reliant on fossil fuels.
  • Developing essential components like solar panels and lithium-ion batteries is critical and possible.
  • Collaboration is needed to navigate the challenges faced by high-emission export industries, especially for oil and gas exporters facing declining exports.
  • Harnessing renewable energy locally is a key incentive to attract energy-intensive industries.
  • Effective institutions and macroeconomic management are essential to minimize country risk and advance the energy transition.
  • Recognizing technological uncertainty, MENA countries must stay abreast of global trends by investing in research and development (R&D) and emulating successful models for innovation.
  • Attracting strategic investments and supporting research programs is crucial in contributing to global decarbonization efforts.
Navigating the Green Energy Transition in the MENA Region

Research Fellows

Atif Kubursi

Professor, McMaster University

Navigating the Green Energy Transition in the MENA Region

Research Fellows

Hala Abou-Ali

Professor of Economics, Faculty of Economics and...