GCC’s renewable energy push pays off with Qatar, UAE taking lead

Vanessa Ghanem

Jul 28, 2024

Men wearing thawbs walk past a billboard promoting the transition to renewable energies at the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. The COP28 is bringing together stakeholders, including international heads of state and other leaders, scientists, environmentalists, indigenous peoples representatives, activists and others to discuss and agree on the implementation of global measures towards mitigating the effects of climate c — Men wearing thawbs walk past a billboard promoting the transition to renewable energies at the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. — Sean Gallup/Getty Images

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DUBAI — The Gulf Cooperation Council (GCC) states are making strides in their energy transition journey, as highlighted by the 2024 World Economic Forum (WEF) Energy Transition Index (ETI).

The annual report released in mid-June, “Fostering Effective Energy Transition 2024,” assesses the progress and preparedness of 120 countries toward an equitable, secure and sustainable energy future.

Advanced economies were the top ETI performers, with Sweden, Denmark, Finland, Switzerland and France leading the rankings, respectively.

WEF noted that although 107 of the 120 countries evaluated in the report have shown progress in their energy transition over the past decade, the overall pace has slowed, and achieving a balanced transition remains a significant challenge.