Outside of the security risks brought about by war, the Israel-Hamas conflict has yet to result in major changes in the regional natural gas market.
With no new interregional or international gas pipelines currently planned, gas-poor Morocco should consider alternative import schemes, such as LNG import via ISO tank containers, utilizing its well-developed port, rail, and road infrastructure.
The state of Israel and the terrorist group Hamas are engaged in an existential conflict, each threatening the survival of the other, as well as the survival of civilians, both Palestinian and Israeli, caught in-between. The conflict could widen into a regional or even global crisis. For energy markets and the global economy, the risks are considerable and could swerve or accelerate in response to multiple variables.
As the existential threat of climate change continues to intensify, the future of fossil fuels has been thrust into the international spotlight. Reducing hydrocarbon production and consumption has gained traction in international climate talks amid warnings that the window to avoid catastrophic warming is closing quickly.
One of the key outcomes of the COP26 meeting in Glasgow in 2021 was the establishment of Article 6, which regulates carbon markets under the U.N. Framework Convention on Climate Change. It is argued that carbon markets could lead to more rigorous climate action by enabling governments and entities to trade carbon credits generated by the reduction or removal of greenhouse gases from the atmosphere, such as by phasing out fossil fuels and switching to renewable energy or conserving carbon stocks in ecosystems like forests.
In the summer of 2022, flash flooding due to heavy monsoon rains in Pakistan, Oman, the UAE, and southeast Iran killed well over 1,000 people. In this part of the world, the extreme shifts in weather between monsoon and dry season dictate subsistence cycles and financial livelihood. Shifting global precipitation patterns due to climate change, however, are altering the timing and magnitude of these events. What can be done to adapt to this new reality? Can infrastructure be adapted, optimized, or possibly even reimagined to take advantage of such events?
Groundwater resources are critical for the MENA region as much of it suffers from high water scarcity, and for some countries, groundwater aquifers are the only sources of available freshwater supply. The Nubian Sandstone Aquifer System in northeastern Africa is one of the most prominent examples, and must be managed properly in order to maintain regional security and avoid transboundary conflicts.
Iran has yet to ratify the 2015 Paris Agreement, but efforts to address the impact of climate change have great potential to create opportunities for mutually beneficial cooperation, building on the recent trend of regional de-escalation. Climate diplomacy represents an untapped opportunity for Iran to engage globally by incentivizing it to adopt the U.N. Sustainable Development Goals in exchange for sanctions or debt relief.
As the humanitarian, political, and economic challenges in Syria are occurring simultaneously with increasingly hot and dry summers, conflict- and climate-related factors have compounded, resulting in the emergence of a so-called “triple water crisis.”
Director of MEI’s Climate and Water Program Mohammed Mahmoud speaks to energy and sustainable infrastructure expert Lucia Fuselli on the role of climate financing – a critical component of initiatives aimed at reducing greenhouse gas emissions and bolstering climate resilience.
At the start of 2023, optimism was high that China would see a rapid recovery in consumer spending and an acceleration in GDP growth. Since then, however, the world’s second-largest economy has been in the doldrums. China’s ailing economy is a problem not just for China but for the entire world. A prolonged slowdown or a sudden financial crash, were it to occur, would ripple across global markets — including the countries of the Middle East, whose economies have become increasingly intertwined with that of China.
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Georgia’s near total reliance on imported Russian wheat forms an extremely dangerous vulnerability that compromises both its food security and sovereignty. Fifteen years after the 2008 Russia-Georgia war, Tbilisi finds itself depending on Russia for over 90 percent of its wheat supply amidst a growing global shortage. In 2022, NATO reiterated its commitment to Georgia, pledging to help build Georgia’s resilience and uphold its political independence.
Hydrogen has been touted as an energy solution for the future and a leading mitigation technology against climate change. Among the states of the GCC, it has come to be seen as central to their energy transition strategy and a means to retain the region’s hegemonic position within global energy relations.
Last week saw a flurry of diplomatic activity between Baghdad and Ankara. The top priorities in the talks were oil exports, the presence of the PKK in Iraq, and Iraq’s water crisis. The outcomes have been unimpressive, but there is an opportunity for Iraq to shake things up and improve its bargaining position, at least on the oil export issue, possibly more.