The Gulf Economies and Energy Transition Politique étrangère, Vol. 85, No. 1, Spring 2020
The economies of the Persian Gulf are highly dependent on their petrol exports, particularly to Asia.
However, the demand for this energy source, which is considered to be in part responsible for global warming, is gradually decreasing. The states in the region are preparing for the consequences of this fall in demand by seeking to diversify their economies. They are investing in cleaner energy sources like natural gas and solar power stations.
Hugo Le Picard is Research Fellow at the Center for Energy & Climate