Expert regional analysis by MEI scholars and contributors.
Well over 30 attacks against commercial shipping in the Red Sea have been reported since mid-November 2023, although none have targeted crude oil or liquefied natural gas (LNG) carriers to date. But that is not to say that global energy flows through this critical maritime chokepoint are invulnerable; any harm that came to hydrocarbon carriers traveling into or out of the Red Sea via the Bab el-Mandeb would have far-reaching consequences for international markets.
Azerbaijan will host COP29 at the end of this year. Being selected to host the most important international climate event is a major achievement for the South Caucasus country, though the spotlight it brings will come with its own challenges due to Azerbaijan’s poor human rights record and worsening relations with the West.
The MENA region is both a climate change hotspot and one of the world’s most gender unequal regions. As a result of gender inequality, women face disproportionate risks from climate change, but there are ways to transform these threats and turn them into opportunities.
Observations and thoughts on COP28 from MEI’s Climate and Water program director, who attendee of the conference.
In 2017, Saudi Arabia’s Public Investment Fund and a number of Jordanian banks established the Saudi-Jordanian Investment Fund to channel $3 billion into the Jordanian economy. Two SJIF projects provide relevant case studies of the challenges facing Jordan’s broader efforts to attract more FDI and drive economic development.
At the September G20 meeting, host country India, along with the United States, the European Union, France, Germany, Italy, Saudi Arabia and the United Arab Emirates (UAE), signed a memorandum of understanding, a non-binding commitment to work towards building two separate “corridors”, essentially envisioning a political line that is connected by some new and some existing, or already under construction, physical infrastructure.
MEI’s Climate and Water Program discusses the top issues within the themes of COP28’s agenda.
The Oct. 7 Hamas attack against Israel and the latter’s ongoing military operation in Gaza have stalled progress in the development of the India-Middle East-Europe Economic Corridor and raised questions about its prospects for eventual completion. The IMEC faces multiple viability challenges, but none of them are insurmountable; thus, its participants are unlikely to abandon it.
The transition toward renewable and clean energy sources, both in the Middle East and around the world, relies on the availability of critical minerals. Critical minerals are set to be the foundation upon which a sustainable, clean energy future is built, catalyzing innovation and progress on a global scale.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
Future global warming scenarios indicate the 1.5°C target laid out under the 2015 Paris Agreement is at risk, with some projections suggest a median global warming of as much as 2.8°C by 2100. Bridging the gap between emissions and mitigation necessitates immediate, comprehensive, and far-reaching strategies in energy, cities, transportation, demand mitigation, and carbon removal. Urgent and coordinated global action is imperative to address the escalating climate crisis. The 2023 U.N. Climate Change Conference meeting in Dubai serves as a critical juncture to assess progress, address gaps in mitigation efforts, and translate net-zero goals into impactful climate action.
COP28 in Dubai carries a weighty set of expectations as the international community grapples with the urgent need to address the escalating climate crisis. It is anticipated to be a pivotal moment in the collective effort to mitigate climate change and adapt to its impacts.
With COP28 set to kick off later this week at Expo City, Dubai, in the United Arab Emirates, MEI’s Mohammed Mahmoud takes a closer look at five key questions that will influence the course and outcomes of the proceedings.
The renewed violence in Gaza could not have come at a less opportune time for the climate agenda in the Middle East. From energy economics to environmental degradation, the ripple effects of conflict will complicate the path ahead.