In an effort to boost economic diversification, several nations in the Middle East and North Africa (MENA) region are being encouraged by the Arab Forum for Renewable Energy and Energy Efficiency to focus on localizing the nonconventional power sector, as reported by Qatar News Agency.
The eighth edition of the forum, convened in the Jordanian capital, Amman, has issued a clarion call for MENA nations to explore the development of electric cars on home soil and actively participate in the emerging field of green hydrogen production.
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Additionally, the forum has underscored the pivotal role of universities in the Arab region, urging them to prioritize education and research in renewable power, energy efficiency, and management. The scope extends to areas like electric vehicle technology, the development of smart cities, and the advancement of green hydrogen solutions.
Recent findings from the Global Energy Monitor have unveiled a remarkable surge in prospective renewable energy capacity within the MENA region. The report indicates a staggering growth of 292 gigawatts, signifying a fourfold increase year-over-year since 2022. This substantial surge in capacity has the potential to cater to the energy demands of influential nations such as Saudi Arabia, Egypt, and Qatar when combined.
See also: Global Power Demand Growth Slows in 2023 Due to Energy Crisis and Economic Downturn, says IEA
Furthermore, on a global scale, leaders from the G20 nations, in the backdrop of the recently concluded summit in New Delhi, have committed to tripling renewable energy capacity by 2030. This collective effort signals a significant step towards a more sustainable energy future worldwide.
