MENA’s transformation amidst a changing climate

The Middle East and North Africa (MENA) region is highly vulnerable to physical and climate transition risks, with water scarcity, desertification, and rising temperatures posing threats to the area. Further, fossil-fuel-dependent MENA economies are exposed to the devaluation of carbon-intensive assets. Thus, mitigation efforts against these risks are imperative.

What you will learn:

• The MENA region possesses the financial and natural resources to transition towards low-carbon energy sources.
• By leveraging current economic diversification plans, the region can bridge the investment gap with “greener” capital stock.
• Carbon pricing will help renewable energy become more competitive, given the abundance of cheap fossil fuels in the region.