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The Geopolitical Implications Of Global Decarbonization For Mena Producing Countries
Feb 21, 2021 10:35:am
Summary Endowed with half of the world’s proven oil and gas reserves, the Middle East and North Africa (MENA) region represents a cornerstone of the established global energy architecture. As the clean-energy transition gains momentum worldwide, this architecture might shrink challenging the socio-economic and geopolitical foundations of the region in general, and of its oiland gas-producing countries in particular.
by: Pier Paolo Raimondi and Simone Tagliapietra, Oxford Institute For Energy Studies (OIES)
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The Geopolitical Implications Of Global Decarbonization For Mena Producing Countries
This challenge has two dimensions: domestic and international. Domestically, a decline in global oil and gas demand would reduce revenues for producing countries. Considering the profound dependency of these countries on oil and gas rents (the