MENA region takes various steps towards sustainable energy and green investments
The MENA region’s countries have taken proactive steps in advance of green investments, adopted climate-change strategies, and placed sustainability and clean energy at the top of their priorities, said Tarek Tawfik, AmCham Egypt President and Council Chairperson.
This was done during the 11th Annual AmCham Regional Council Conference of MENA, hosted by AmCham Egypt as Chair as well as the Secretariat of the Council.
Tawfik stated that Egypt took over the COP27 Presidency till November 2023. With momentum building for the United Arab Emirates to host COP28 in the next months, the region plays a key role in the net-zero transition. To diversify their energy mix, many countries are quick to adopt solar and other sustainable energy options. Jordan has set a goal to achieve 50% renewable energy by 2030. Oman, Bahrain, UAE, and Saudi Arabia all have targets of net-zero emissions by 2050 and 2060 respectively.