MEA Energy Transition Readiness Index highlights the region’s potential as an exporter of green hydrogen

MEA Energy Transition Readiness Index highlights the region’s potential as an exporter of green hydrogen

- Energy transition progress in the Middle East and Africa scored 26% on the Readiness Index

- Green hydrogen seen as key industry to accelerate energy transition

Dubai: Siemens Energy and global management consultancy Roland Berger launched on Thursday the Energy Transition Readiness Index for the Middle East and Africa region. Responses from around 400 energy industry experts, who attended the MEA Energy Week conference last month, indicate that the region is well positioned to become a major future supplier of sustainable energy to global markets but will require stabilizing regulations, significant investments, and a substantial increase in collaboration to realize its potential.

Despite its strong prospects to become a hotspot for sustainable energy, the region scored only 26% on the Readiness Index. Experts and decision makers from the Middle East and Africa from across the energy sector were asked to give their expert opinion on progress on 11 energy priorities. Based on an aggregate of participants' responses, Siemens Energy and conference knowledge partner Roland Berger launched the index which describes the perceived energy transition readiness on a scale of 0 to 100%. The survey yielded valuable data and insights that will be used to enhance key strategies for the energy transition in