Gulf laggards catch the sun
Qatar and Bahrain are joining their neighbours in the development of low-carbon projects
Financial and reputational imperatives have spurred Qatar and Bahrain to launch major new low-carbon projects as they look to reduce the carbon intensity of their economies. The two countries have until now lagged their neighbours in the development of low-carbon projects. Qatar has vast reserves of low-cost gas, which it exports in the form of LNG—reducing the financial incentive to develop renewables projects. Meanwhile, Bahrain has been slow to act because of chronic fiscal strains and bureaucratic sluggishness. Qatar’s updated submission to the UN on its Nationally Determined Contributions to the Paris Agreement in October last year pledged a 25pc reduction in greenhouse gas (GHG) emissi
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions