MENA Europe Future Energy Dialogue: Regional Integration Possibilities - ESCWA
9 June 2022
15:45–17:00

Beirut time

Seminar

MENA Europe Future Energy Dialogue: Regional Integration Possibilities

MEFED
Location
  • King Hussein Bin Talal Convention Centre, Dead Sea Road, Sweimeh, Jordan
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Within the framework of the MENA Europe Future Energy Dialogue (MEFED), ESCWA, along with the League of Arab States, the Regional Center for Renewable Energy and Energy Efficiency, and Observatoire Méditerranéen de l'Energie Mediterranean, is organizing a side event on “Regional Integration Possibilities”

The event is an opportunity to present the progress made by the Arab region on Sustainable Development Goal (SDG) 7. It also involves discussion on the challenges and opportunities for enabling a just and inclusive transition towards sustainable energy systems, which includes how to leverage the extractive industries to position the Arab region as a leader in driving carbon neutrality both regionally and globally.

The event also highlights the commitments and actions to accelerate the implementation of SDG7 and the possibilities for enhancing regional collaboration in addressing gaps in finance, technology and exchanging knowledge and best practices.

Outcome document

Key messages from the Regional Integration Possibilities side event

  • Efforts to implement SDG7 should be accelerated as progress has been slow and uneven to ensure its attainment by 2030, which was further exacerbated by Covid-19 which shifted focus away from energy access.
  • The Arab countries has a high potential of energy saving especially in the building sector although there is still a lot of work to be done.
  • There is a need for new business models that can attract investors in energy efficiency across the economic sectors, specifically with renewables and hydrogen.
  • The Arab region should monetize its gas flaring within the framework of a circular carbon economy.
  • The extractive industries have great potential to support the energy transition in the region and this should change the business model, not only in terms of financing but also on an environment, social and economic aspect.
  • Integrated energy policies should be comprehensive and formulated from an energy transition perspective.
  • There is huge potential of collaboration in the region, where multi-stakeholders are involved in projects and where further work can be built upon that.
  • Enhancing regional collaboration between regional entities would further help to support policy advise, capacity building and projects implementation.
  • The vulnerabilities in the Arab region should be turned into opportunities, especially through building capacities on the new business models, inter-regional collaborations, catalyzing private finance and building investing in appropriate infrastructure. 

The opening presentation from ESCWA presented the progress made by the Arab region in SDG7 and the role that energy plays in enabling other SDGs. The presentation highlighted patterns of consumption and their impact on the overall climate, environment and on the economic development in the Arab region. It also prompted   the need for enabling a just and inclusive energy transition towards sustainable energy systems by leveraging the possibilities for regional cooperation and presented the priority actions moving forward on the short and longer terms.

The panel discussed the insight into progress, challenges and opportunities arising in the delivery of SDG7 and the needed commitments and actions to accelerate the implementation of SDG7 and support of the Climate Actions. The panel also discussed the current inter-regional collaborations and priority actions to accelerate progress on SDG7.

The discussion concluded by noting the huge potential of collaboration in the region and the need for integrated energy policies. The vulnerabilities in the Arab region should be turned into opportunities, especially through building capacities on the new business models, inter-regional collaborations, catalyzing private finance and building investing in appropriate infrastructure.


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