Download publication

External Publication

The impact of the global energy transition on MENA oil and gas producers

Endowed with half of the world's known oil and gas reserves, the Middle East and North Africa (MENA) region is cornerstone of the global energy architecture. This article argues that – together with the pressing need to create jobs opportunities for a large and youthful population – the possibility of the world moving more aggressively towards a low-carbon future should represent a key argument for the implementation of economic reform programmes.

By: and Date: August 5, 2019 Topic: Energy & Climate

Endowed with half of the world’s known oil and gas reserves, the Middle East and North Africa (MENA) region is cornerstone of the global energy architecture. The global low-carbon energy transition poses critical questions to MENA oil and gas producers, as it may imply sustained pressure on their development models, which rely heavily on hydrocarbon revenues. Without economic reforms, this may translate into macroeconomic unbalances, and ultimately put at risk established social contracts in the region. The sharp drop in oil prices that began in 2014 fostered MENA hydrocarbon producers to launch ambitious economic reform programmes aimed at increasing the diversification of their economies, notably by developing their non-hydrocarbon sectors. This article argues that – together with the pressing need to create jobs opportunities for a large and youthful population – the possibility of the world moving more aggressively towards a low-carbon future should represent a key argument for the implementation of these economic reform programmes. That is, MENA producers might use the potential prospect of lower global hydrocarbon demand and prices to overcome their rentier state model, and pursue the economic diversification plans never duly implemented in the past.

Read article Download PDF More on this topic
 

Policy Contribution

Economic Crisis in the Middle East and North Africa

In the 2010s, the economic outlook of the countries in the Middle East and North Africa region deteriorated, with numerous long-term socio-economic and institutional challenges still unresolved. COVID-19 has compounded the problems. As the region's largest external trading partner, the European Union should do more to support economic and political transformation.

By: Marek Dabrowski and Marta Domínguez-Jiménez Topic: Global Economics & Governance Date: January 21, 2021
Read about event More on this topic
 

Upcoming Event

Feb
17
17:00

Prospects for the US climate policy under the Biden Administration

How US climate policy is likely to evolve, and which international impacts can be expected?

Speakers: Kate Marvel, Michael Mehling, Robert N. Stavins, Leah Stokes and Simone Tagliapietra Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read about event Download PDF More on this topic
 

Past Event

Past Event

Europe and India: Comparing Approaches to Global Economic Challenges

Stakeholders from government, private sector, media and academia/institutions come together to review India-EU relations and point to a promising direction for the future.

Speakers: Yamini Aiyar, Suman Bery, Navroz K Dubash, Ignacio Garcia Bercero, Alicia García-Herrero, Rajat Kathuria, Gautam Mukhopadhaya, Ananth Padmanabhan, Georgios Petropoulos, André Sapir, Shyam Saran, Simone Tagliapietra and Guntram B. Wolff Topic: Global Economics & Governance Date: December 15, 2020
Read about event More on this topic
 

Past Event

Past Event

Paris Reinforce: Central Asia and Caspian region Stakeholder Discussion Series

New Paris Reinforce workshop with focus on Central Asian and Caspian (CAC) region.

Speakers: Gabriele Cassetti, Rocco De Miglio, Haris Doukas and Georg Zachmann Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: December 9, 2020
Read article Download PDF More on this topic
 

Working Paper

Understanding the European Union’s regional potential in low-carbon technologies

This research identifies existing and potential specialisation in green technologies in European Union regions, and proposes an approach to identify policies that can help to realise this potential.

By: Enrico Bergamini and Georg Zachmann Topic: Energy & Climate Date: November 26, 2020
Read article More on this topic
 

Blog Post

Targeted horizontal industrial policy: green, regional and European

Creating the conditions for the most promising low-carbon sectors to grow is the most efficient way to enable decarbonisation. As sector potential is regional and associated with regions' current strengths in related technologies, policy should aim to boost the growth potential of low-carbon technologies on a regional level.

By: Enrico Bergamini and Georg Zachmann Topic: Energy & Climate Date: November 23, 2020
Read article More on this topic More by this author
 

Opinion

2021 can be a climate breakthrough, but Biden and Europe need to talk

"2021 can be a breakthrough year for climate: the new US administration and the EU have a real opportunity, through a ‘global net zero coalition’, to remove some of the key bottlenecks in the global path to climate neutrality."

By: Simone Tagliapietra Topic: Energy & Climate Date: November 9, 2020
Read article Download PDF More on this topic
 

External Publication

Perspective of comprehensive and comprehensible multi-model energy and climate science in Europe

A comprehensive and comprehensible multi-model framework offers a real example of “collective” science diplomacy, as an instrument to further support the ambitious goals of the EU Green Deal, in compliance with the EU claim to responsible research.

By: Alexandros Nikas, Ajay Gambhir, Evelina Trutnevyte, Konstantinos Koasidis, Henrik Lund, Jakob Zinck Thellufsen, Didier Mayer, Georg Zachmann, Luis Javier Miguel, Noelia Ferreras Alonso, Ida Sognnæs, Glen Peters, Enzo Colombo, Mark Howells, Adam D. Hawkes, Machteld Van Den Broek, Dirk-Jan van de Ven, Mikel Gonzalez-Eguino, Alexandros Flamos and Haris Doukas Topic: Energy & Climate Date: November 5, 2020
Read about event More on this topic
 

Past Event

Past Event

Paris Reinforce workshop on India's mitigation pathways

What are current greenhouse gas mitigation scenarios commonly proposed for India?

Speakers: Georg Zachmann Topic: Energy & Climate Date: November 3, 2020
Read article More on this topic More by this author
 

Opinion

Understanding the world of tomorrow through the great challenges of energy and climate change

“Only a broad policy framework – taking into account economic, fiscal, industrial, labour, innovation and social policy issues – can address the challenges of the climate crisis in a balanced way.”

By: Simone Tagliapietra Topic: Energy & Climate Date: October 26, 2020
Read article More on this topic More by this author
 

Podcast

Podcast

Global Energy Fundamentals

Bruegel research fellow Simone Tagliapietra discusses his new book, Global Energy Fundamentals.

By: The Sound of Economics Topic: Energy & Climate Date: September 23, 2020
Read article More by this author
 

Blog Post

An appropriate European Union response to tensions in the Eastern Mediterranean

If the European Union can mediate effectively to resolve current Greek-Turkish tensions over energy in the Eastern Mediterranean, it could also provide an opportunity to tackle more deep-rooted problems.

By: Michael Leigh Topic: Energy & Climate, Global Economics & Governance Date: August 28, 2020
Load more posts