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Oman, Saudi Arabia and UAE lead GCC clean energy investments

Submitted by digitalfreelancer on Thu, 07/13/2023 - 10:38

In October 2022, Oman joined the UAE and Saudi Arabia in becoming the third GCC country to commit to achieving net-zero emissions by 2050, in alignment with the goals of the Paris Agreement.

The Gulf Cooperation Council (GCC) economies represent an enormous opportunity for EIC members. As the region pivots from fossil fuels, GCC states are well-positioned to lead the energy transition through clean hydrogen development and strong policy support.

Across the region, the political will to decarbonise at pace is lining up investors. And although ambitions vary among countries, as do market size and readiness, there is a prevailing sense of dynamism.

But which markets should you consider exporting to in 2023? Oman, Saudi Arabia and UAE, says Wan Afiq, Energy Analyst for Middle East and North Africa at EIC

2023-07-13 00:00:00
Energy Transition

Changing power demand in Asia Pacific

Submitted by digitalfreelancer on Thu, 07/13/2023 - 10:15

Vietnam

Although there is growing pressure on the global power sector to decarbonise, coal remains one of Asia Pacific’s cheapest new-build power generation options. With the region’s electricity demand growth expected to be double the rate of the rest of the world this decade, EIC Regional Analyst for Asia Pacific Dr Madana Nallappan looks at Vietnam, the Philippines and Indonesia and the opportunities on offer amid their energy conundrum

2023-07-13 00:00:00
Power

View from the top

Submitted by digitalfreelancer on Thu, 07/13/2023 - 09:49

Congratulations on being appointed EIC’s new Chair. What role do you see yourself and EIC playing, going forward, in a rapidly changing energy landscape?

Energy Focus talks with new EIC Chair Andrew Cuniah about his passion for energy, EIC’s bold ambitions, and being ready for tomorrow’s markets

2023-07-13 00:00:00
From the EIC

Look beyond traditional markets for growth

Submitted by digitalfreelancer on Thu, 07/13/2023 - 09:33

Namibia

  • Tax incentives
  • Tax holidays
  • Customs and duties exemptions/reductions
  • Investment allowances
  • Subsidised loans and grants

As energy security takes centre stage for the oil and gas sector in the year ahead, three global hotspots for activity – Papua New Guinea, Guyana and Namibia – offer exceptional opportunities for businesses to raise their ambition beyond established export markets, say EIC analysts Hirzi Iskandar, Lucas Ramos and Muhammad Arif Syafiq 

2023-07-13 00:00:00
Oil and Gas

Nuclear power roars back in Central Europe

Submitted by digitalfreelancer on Thu, 07/13/2023 - 09:00

Poland

  • Tax exemptions
  • Government grants
  • Financial support and training
  • Cash incentives
  • Low-cost loans

As Europe transitions to a more sustainable future, the development and deployment of small modular reactors (SMRs) present exciting opportunities for the nuclear energy supply chain. With plans to develop and put the first SMRs into operation, EIC energy analyst Aadam Sufi looks at why Poland, the Czech Republic and Romania should be on your radar

2023-07-13 00:00:00
Nuclear

EIC achieves the King's Award for Enterprise in International Trade

Submitted by digitalfreelancer on Thu, 07/13/2023 - 08:39

EIC’s 80th anniversary year has prompted some significant reflection on its history and achievements.

Securing a coveted King’s Award title is not easy, and this renowned accolade is testament to the work that EIC continues to deliver for its members as the go-to energy supply chain trade association. What does it take to earn the King’s Award? Jonathan Dyble looks back at EIC’s rich history and discovers what the organisation hopes to achieve moving forward as it targets another 80 years of success

2023-07-13 00:00:00
From the EIC

Will America's new climate law supercharge clean energy development?

Submitted by digitalfreelancer on Tue, 04/04/2023 - 12:37

The Inflation Reduction Act (IRA) of 2022 is the most significant clean energy legislation in US history.

The US Inflation Reduction Act could triple the country’s solar and wind investments by 2030. But reaching full clean electricity deployment potential depends on state action, says Silvio Marcacci at Energy Innovation Policy & Technology LLC

2023-03-31 00:00:00
Renewables

A golden age for LNG?

Submitted by digitalfreelancer on Tue, 04/04/2023 - 12:19

In 2022, following the Russian invasion of Ukraine, energy flows and trade shifted dramatically.

As Europe races to secure new energy sources, EIC Energy Consultant Gustavo Berlie looks at the region’s LNG expansion plans

2023-03-31 00:00:00
Oil and Gas

A new era for nuclear energy

Submitted by digitalfreelancer on Tue, 04/04/2023 - 12:08

Today, there is a growing understanding of the urgency of a net-zero transition, and both markets and policy bodies are viewing nuclear energy as a promising pathway towards a greener future.

Small modular reactors are shifting attitudes, and there is a growing realisation that nuclear is a vital part of the sustainable energy mix to hit net zero, says Elisabeth Rizzotti, Founder and COO of newcleo – an innovative nuclear energy tech company that is developing a mini reactor that runs on nuclear waste

2023-03-31 00:00:00
Nuclear

My Business, Markus Mueller, Nucor

Submitted by digitalfreelancer on Tue, 04/04/2023 - 12:02

Can you tell us a little about Nucor?

Wind Energy Solutions Manager Markus Mueller takes Energy Focus behind the scenes at Nucor

2023-03-31 00:00:00
From the EIC
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