Five key drivers for Mena green energy sector

Five key drivers for Mena green energy sector

Access to private sector financing and increased energy efficiency are among the five key recommendations for sustainable growth of the Mena energy sector, says a new report from Arab Petroleum Investments Corporation (Apicorp).

Titled "The Energy Transition: Reshaping Investments and Strategies,“ the whitepaper outlines key recommendations for the sustainable growth of the energy sector in the Mena region in light of the transition towards a low-carbon world.

Based on the outcomes of a strategic roundtable that brought together 40 high-level industry experts from the energy and financial sector, the recommendations encompass sustaining energy investments; enhancing finance, improving regulations, pricing carbon, bolstering efficiency and re-educating the public on misconceptions surrounding the hydrocarbon industry.

Dr Ahmed Ali Attiga, CEO of Apicorp, said: "In this age of rapid evolution for the energy industry, greater stakeholder collaboration between leaders of the energy and finance markets is of critical importance. At the Apicorp workshop on Energy Transition, the participants identified the need for countries to develop new regulatory models with higher standards of governance to create the right incentives and enable higher private sector participation.“

"This involves outlining clear and specific national and local environmental concerns, setting targets and establishing independent authorities to oversee the implementation of the entire