Energy

Azerbaijan seeks to establish itself as a major actor in the global energy transition space as it prepares to host the 2024 UN Climate Change Conference (COP29) in Baku, on November 11-22. COP29 offers many opportunities to improve US-Azerbaijani energy cooperation, including by coordinating the United States’ clean energy technology goals with Azerbaijan’s renewable energy revolution.

The ongoing effort by various factions in Libya to gain control of the Central Bank of Libya (CBL) poses a clear and present danger for the entire country, threatening its safety and security as well as its economy.

On July 21, 2024, Iraq inaugurated a new power line connecting Turkey and Iraq to handle Turkish electricity imports. Iraq is operationalizing this new power line with the goal of ensuring a more stable energy future, reshaping its geopolitical relationships, and reducing its reliance on Iran.

How Economic Fragmentation Has Insulated the Region From the War in Gaza

For Egyptian officials, June should have been a month to celebrate. And yet none of the seeming macroeconomic successes that the government recorded brought much reassurance to the average Egyptian, who has continued to experience currency shortages, an unreliable energy grid, and fears of a resurgent spike in inflation.

On Feb. 25, 2024, Qatar announced plans to increase its LNG production capacity by a further 16 million tons per annum (mtpa) in 2029-30, bringing the total to 142 mtpa. This would be the third such large-scale expansion of its LNG production within the next six years, but there’s one wrinkle: These new production volumes are set to come online at a time of significant oversupply in the LNG market. What accounts for Qatar’s decision?

As the world faces unprecedented challenges, from climate crises to migration pressures, the need for concerted action to address financing for development has never been more urgent. Against a backdrop of resource constraints, geopolitical shifts, and faltering progress on the UN Sustainable Development Goals, it is imperative to chart a course of action that is both pragmatic and visionary. This piece outlines 10 actionable measures to tackle these multifaceted challenges and pave the way for a more sustainable and equitable future.

On April 21, the US House of Representatives passed the long-awaited aid package for Israel, Ukraine, and Taiwan. The legislation contained another long-sought-after measure: authority for the US government to tighten restrictions on Iran’s oil exports. But in truth, aggressive US action remains unlikely and there are powerful operational, strategic, and political barriers preventing the US from shutting down Iran’s oil trade or hindering it in a material way.

COP28 was billed as our last best chance to get the world’s act together and save our chances of limiting warming to 1.5 degrees Celsius. However, the final outcome fell far short of the commitments so desperately needed to keep the target alive. The future of COP lies in refocusing on its fundamental objective: ensuring that countries are held accountable to science-based targets that prioritize the needs of vulnerable communities most affected by climate change.

Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.

The Middle East and North Africa region is one of the lowest recipients of climate finance compared to other areas of the globe, such as East Asia and the Pacific Islands, despite MENA’s exposure to extreme climate risks. The MENA region’s share of climate financing from the big three global climate funds — the Green Climate Fund (GCF), the Climate Investment Funds (CIF), and the Global Environment Facility (GEF) — and their sub-funds made up only 6.6% of their cumulative global financing through 2023.

Africa-to-Europe value chains in manufacturing and agri-food production can mitigate factors driving current migration patterns by employing Africans in local value-added production and boosting African GDP growth, reorienting Africa-Europe relations towards mutual economic benefit and dignity.

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.