The future of energy is efficient
Renewable energy deployment is set to see significant acceleration in the coming years as the MENA region prepares for the influx of $35 billion in renewable energy investments per year by 2020. Driven by well-designed auctions, favourable financing conditions and declining technology costs, renewables are being brought into the mainstream.
Based on the renewables targets already in place, the region could save 354 million barrels of oil equivalent (a 23% reduction), reduce the power sector’s carbon dioxide emissions by 22%, and cut water withdrawal in the power sector by 17% by 2030.
