EU-GCC Cooperation on the Energy Transition
The Bussola Institute held an online event, entitled “EU-GCC Cooperation on the Energy Transition”, on Wednesday 31 March 2021. The current debate around climate change, the drive towards a zero-carbon economy, and the need for sustainable growth and development requires major changes in how energy is produced and consumed. The world is currently undergoing an energy transition that will have a substantial impact globally and locally. The world is now engaged in extensive efforts to supply the global economy with the energy needed, while at the same time mitigating the impact of carbon emissions. For the EU and the GCC, the energy transition is a key priority for policy and practice with efforts directed at increasing the use of renewable energy, decreasing carbon emissions, and harnessing technology for energy efficiency. Realising the energy transition is not an optional exercise and requires action from all stakeholders in society, making cooperation and coordination a necessity. The energy transition will bring greater security for many states and societies while also increasing uncertainty for others. The current energy transition is occurring in the midst of other transformations such as the fourth industrial revolution, the pursuit of the Sustainable Development Goals and the challenges posed by the COVID-19 pandemic. This webinar examined the implications of the current energy transition for global security as the world strives to move away from carbon-based energy while maintaining economic growth and development.