The politics of electricity in the world III: The Middle East
The global electricity market can be segmented into four types of markets: markets, where price is the paramount concern, markets where climate targets are the main focus, those that focus on supply security and those that see resource efficiency/replacement as a great opportunity. The Middle East is an example of a market where resource efficiency can create great economic opportunity.
- The Middle East is a heavily energy surplus region whose own requirements will grow rapidly in the next 20 years
- There is a strong case for finding ways to reduce the consumption of oil and gas through replacement or efficiency gains in order to free up more resources for profitable export. Saudi Arabia is following this route and is set to invest around USD 100bn into solar power
- Creating drinking water with efficient means could be a key business model of the future





