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The New Energy Order: A Shift Towards Renewables

Wednesday, February 12, 2020
The New Energy Order: A Shift Towards Renewables
2020 Milken Institute MEA Summit
2020 Milken Institute MEA Summit

The New Energy Order: A Shift Towards Renewables

Wednesday, February 12, 2020
2:45 PM - 3:45 PM
St. Regis Saadiyat Island - Ballroom C2 (Hollow Circle 20/Theater 100)

Renewable energy is at the forefront of regional economic development in the Middle East and Africa. With global investment in the sector set to reach $2.6 trillion by the end of the decade, the MEA region is simultaneously broadening its socio-economic development and renewable energy framework. In 2016 alone, $11 billion was invested in renewables region-wide, with renewable energy set to make up almost half of sub-Saharan Africa's power generation by 2040. The Gulf has positioned itself as the leader in renewable energy. As oil-rich economies begin to move away from hydrocarbon for producing electricity in order to free up more oil for export, renewable energy has started to take center stage. Industry leaders and experts in the field share insights into the significant developments and growth taking place in the renewable energy sector.