Energy

More spending, low growth, and recurring deficits are not a recipe for long-term economic sustainability, but this concoction may be a necessary pill for Gulf states to swallow as the hard work of economic reform sets in.

While Saudi Arabia’s long involvement in global climate change negotiations has attracted mounting attention, little is known about the kingdom’s climate change governance at the domestic level or its progress in terms of addressing climate change in line with economic diversification.

ADNOC CEO Sultan Ahmed Al Jaber is overseeing an aggressive policy of partial privatization and has brought in new strategic partners to better serve the company’s international operations and export markets.

The International Energy Agency’s Oil 2019 medium-term outlook sees strong growth in U.S., Iraqi, and Emirati oil production, while Saudi Arabia focuses on maintaining current capacity.

The Gulf is extremely vulnerable to climate change and the clock is ticking to keep the lights and air conditioners on without causing harm to their already fragile environment.

The energy system is undergoing a radical shift away from fossil fuels in a world where oil is no longer king. However, to meet demand growth, oil and gas will remain key components of the energy mix for decades to come.

With Saudi Arabia's now-confirmed oil reserves, and an expected growth in global demand, the kingdom is likely to continue to play a central role in the energy arena.

As part of its energy series, AGSIW hosted a roundtable discussion with Jim Krane, the Wallace S. Wilson fellow for Energy Studies at Rice University’s Baker Institute.