Disagreement over how money from the country’s oil, which represents 98% of government revenue, should be distributed is paralyzing Libyan peace efforts.
Issues like water governance and cross-border coordination of energy supply are likely to become much more thorny diplomatic exercises to deal with.
With a young, restless population and decreased oil revenues, Saudi Arabia needs to abandon its rentier economic system and build a more sustainable model.
U.S. lawmakers are concerned about the lack of preparation for a possible long term power outage caused by a cyber-attack against the energy sector.
Beset by challenges ranging from the collapse in oil prices, to the spreading instability in the region, to criticism from its longtime allies in the United States, Saudi Arabia is facing its most difficult test in decades. But the kingdom has the means to overcome these difficulties, and also has the will to seize a unique opportunity to carry out important reforms.
Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolĂvar, or the Russian rouble, low oil prices are wreaking havoc in oil exporting economies and on their national currencies.
When delegates from nearly 200 countries convened in Paris in late November 2015, many were hopeful about the COP21. It could be a watershed moment when the world would unite and finally put forth a plan to combat climate change.
Can public private partnership provide a solution for the financing of energy infrastructure projects, at a time when Iran is facing declining revenues as a result of years of crippling sanctions?
The recent Saudi-Iranian clash is unlikely to affect oil markets for now, but the redistribution of political power between Saudi Arabia and Iran, along with the US disengagement from the Middle East might have long-term consequences for the region’s stability and global oil supply trends.
A landmark collaboration between the UK’s Energy Africa initiative and America’s Power Africa campaign has been launched to bring clean electricity to millions of people across the African continent.
As the 21st Conference of Parties begins this week in Paris, for the first time in years, the prospect for serious, substantive international progress on climate issues is not bleak.
The move to a green-based economy would require massive restructuring and the tackling of vested interests that profit from the current set up. But it is no more radical than the break-neck development China pursued over the last two decades.
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