Can Climate Change Catalyze Middle East Economic Reform?

With Middle East oil and gas exporters facing mounting pressure to implement strong economic reforms, the climate change agenda could represent an avenue for growth in the transition to more diversified and efficient economies. The oil price collapse is weighing heavily on revenues and making long-term sustainability a more pressing agenda, including scaling up the development of renewables and energy efficiency measures.

SOCIO-ECONOMIC BENEFITS

In fact, the COP21 preparation and talks in Paris last month have provided a positive impetus for leading Arab countries when it comes to climate change policy, according to Roula Majdalani, sustainable development expert for Western Asia at the United Nations. (CONTINUED - 1131 WORDS)