Carbon capture and storage has been hailed as a potential way to reduce emissions, but it is more likely to increase them by boosting oil and gas extraction. The cheaper and more effective solution is to move to cleaner forms of energy.
COP28 in Dubai ended with the landmark UAE consensus, an unprecedented agreement to transition from all fossil fuels. The signals for action are clear, but what steps should Middle Eastern businesses take?
Bullish gas plans ignore the financial challenges of infrastructure development, renewable energy potential in the region and climate policy restrictions.