Europe and Gulf Nations Urged to Collaborate on Energy Transition Amid Global Instability
The Atlantic Council highlights the critical need for Europe and Gulf Cooperation Council (GCC) countries to unite on an energy transition agenda. This collaboration is seen as essential for diversifying and securing the global energy future, especially in light of ongoing conflicts like the Russian invasion of Ukraine and the Iran war, which have exposed vulnerabilities in energy security and supply chains. The Middle East currently accounts for approximately 30% of global oil production and nearly 20% of global gas production, positioning GCC producers to play a central role in meeting demand during the transition away from fossil fuels. Europe, a major importer of hydrocarbons from the Gulf, possesses significant green energy expertise that can aid this transition. The Council emphasizes that combining Europe's green energy knowledge with the Gulf's growing investments in clean energy sources, such as solar PV, wind, hydrogen, nuclear, and energy storage, is crucial for a more sustainable and secure ene...
