GCC states focused on both oil, green energy at COP27
During the COP27 in Egypt, Gulf Cooperation Council states have focused on both oil and green energy in light of rising energy demand and the nations’ reliance on energy exports.
As the United Nations Climate Summit COP27 comes to a close this week in Egypt’s Sharm el-Sheikh, the conference’s key aim of ensuring full adherence to the Paris Agreement is unlikely to be fulfilled. Since last year’s COP26 in Glasgow, Scotland, “only 29 out of 194 countries [in the agreement] came forward with tightened national plans,” a UN press release stated.
Yet, while most members are making some efforts to cap climate change, the Gulf Cooperation Council (GCC) states have focused on the need for a two-pronged approach to climate — focusing on both oil and green energy — amid rising energy demand following the war in Ukraine and the nations’ reliance on energy exports as a mainstay of their economics.
