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Energy

Greening the Energy Sector in the Middle East and North Africa

Charles Cormier's picture
Also available in: Français | العربية
 Robert Robelus l World Bank

One question that often arises when I meet colleagues who work on climate change is how the energy sector in the Middle East will adapt to a carbon-constrained world.   In May 2015, my inbox was flooded with articles that quoted the Minister of Petroleum and Mineral Resources of Saudi Arabia, Mr. Ali al-Naimi, who declared that Saudi Arabia aspires to be a global power in solar and wind and could start exporting renewable energy instead of fossil fuels in the coming years.

Arab world needs a new deal on energy to end the black outs

Charles Cormier's picture
Also available in: Français | العربية
Skyline of Dubai with high voltage power supply lines - Philip Lange l Shutterstock.com

When I started working in the Middle East and North Africa region two years ago, the surprising thing I discovered is that although the region is known as an energy powerhouse – it produces 30% of the world's oil, has 41% of the known gas reserves, and hydrocarbons are its most important export - the countries in the region barely meet domestic demand for electricity, partly due to a chronic shortage of gas.

Oil, Politics and Offshore Accounts

Catherine Bond's picture
Also available in: العربية | Français
 Gennadiy Kolodkin / World Bank

Do political institutions limit ‘rent-seeking’ (excessive profits free from competition) by political elites? Very much so, if they’re working properly, argue the four authors (Jørgen Juel Andersen, Niels Johannesen, David Dreyer Lassen, and Elena Paltseva) of ‘Petro Rents, Political Institutions, and Hidden Wealth: Evidence from Offshore Bank Accounts.’ Their paper examines unique public data—on bank deposits held in some of the world’s best-known tax havens—to establish whether oil, in particular, really is the ‘resource curse’ it is made out to be by a range of political scientists and development professionals. (Spoiler alert—the answer is ‘yes.’) 

What does cheap oil mean for the Arab World?

Shanta Devarajan's picture
Also available in: العربية | Français
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As the price of oil falls, the discussion is heating up on what the impact will be for countries in the Arab World – especially online through the popular Arabic hashtag النفط_دون_50_دولار #    translating to “oil below US$50 . The World Bank’s Chief Economist for the Middle East and North Africa, Shanta Devarajan, weighs in on the conversation.

The Debate: Would the Arab World be better off without Energy Subsidies?

Will Stebbins's picture
Also available in: العربية | Français
The Debate

Governments in the Arab world have long subsidized the price of energy. This gives citizens throughout the region access to cheap petrol and diesel, and electricity supplied at below-market rates. But what has been the real impact of subsidies, and do they justify the huge financial burden they place on national budgets? This is a critical question in the Middle East and North Africa (MENA), as the region represents a disproportionate share of the world’s energy subsidies.

The inspiring Green Growth program of Morocco: How it could work back home in Egypt

Nehal El Kouesny's picture
Also available in: العربية | Français
Video

On assignment in the Morocco office for about three months, I had the chance to have what I could confidently describe as a rich development experience. Getting away from Egypt’s years of unrest helped me develop a clearer vision.

Smart Cities in North Africa: A Localized Debate about a Global Trend

Mehrunisa Qayyum's picture
Also available in: العربية | Français
 Arne Hoel l World Bank

Walking past the Check-in counter in Casablanca’s Mohamed V International Airport, a digital sign claims X amount of solar energy used and X amount of energy savings occurred in powering a transit hub with the use of polycrystalline panel technology.  As a tourist, this may come as a pleasant surprise if she has not yet had the opportunity to see other improvements, like Rabat’s tram system.  As a citizen, this may be inspiring as the term “smart city” hints at better infrastructure and technology use.  However, what qualifies a city as a “smart city” is more often a topic for discussion only among Maghreb countries and not implementation.  

Morocco: Turning a Commitment to Clean Energy into Reality

Fanny Missfeldt-Ringius's picture
Also available in: العربية | Français
In 2009, Morocco adopted a visionary energy sector development plan that committed to increasing the country’s share of renewable energy to 42 percent of national capacity by 2020.  The country emphasized that implementing a climate change mitigation policy through introduction of clean energy technologies would contribute to the country’s economic development. At the same time, keenly concerned about its energy security and dependence on imported energy, Morocco also sees this approach also as means to changing the reality of being the Middle East’s largest energy importer.

Growing the Green Capital Markets in Dubai

Michael Bennett's picture
Also available in: العربية | Français
 Theodore Scott
Source: Flickr Creative Commons

Recently, the Dubai Supreme Council of Energy (DSCE) and the World Bank agreed to design a funding strategy for a green investment program in Dubai that would look at financing green investments through a variety of sources, including green bonds and sukuk (Islamic certificates). 

What will happen to the Middle East and North Africa region if the Ukraine crisis escalates?

Lili Mottaghi's picture
Also available in: Français | العربية
 Arne Hoel

Following Russia’s annexation of Crimea after the popular voting in early March, the European Union and recently the U.S. and Canada have imposed their first round of sanctions—an asset freeze and travel ban on some officials in Russia and Crimea. This week NATO's foreign ministers, warning that Russian troops could invade the eastern part of Ukraine swiftly, ordered an end to civilian and military cooperation with Russia. Should the crisis escalate, potential fallout on Middle East and North Africa (MENA) countries is likely. The effects would be transmitted directly through trade and indirectly through commodity prices.

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