The Difficult Truth About Decarbonization ...Middle East

A recently released report by Carbon Tracker claims that fossil fuel-reliant countries will see a 51% drop in oil and gas revenues in the next two decades as the world moves to cut emissions. At the same time, the EIA estimates that global energy demand will increase by 50 percent by 2050 and most of this increase in demand will come from non-OECD countries. With fossil fuels supplying 84% of the world’s energy and clean energy technologies still far from being an acceptable replacement, there is an unavoidable decarbonization dilemma the…

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