GCC States Focused on Both Oil, Green Energy at COP27
Photo: Matthew TenBruggencate on Unsplash
As the United Nations Climate Summit COP27 has come to a close 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 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 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.
InStrat’s Khristo Ayad spoke to Sabena Siddiqi, sharing his observations of this bipolar strategy in light of a looming global energy crisis.
