As part of their CO2 strategy, the Gulf monarchies have also bet on nature-based solutions, such as: restoring wetlands, conserving mangrove forests, protecting salt marshes, restoring forest habitats, and planting trees. In March 2021, as part of its Green Initiatives, Riyadh announced that it aimed to plant 50 billion trees across the Middle East
obstacles that hinder access to funds. Abu Dhabi has pledged to complete negotiations at COP28 on the compensation fund for climate change-related loss and damage in developing countries, agreed after some discord at COP27. Indeed, there is a global shortage of dedicated climate finance frameworks, including in the GCC monarchies. Some promising in
However, the EU appears to be actively de-prioritising the Gulf monarchies regarding the energy transition. The REPowerEU document only mentions the GCC explicitly in one sentence. The EU-GCC Clean Energy Technology Network, which brought together stakeholders and experts from the two regions to foster clean energy partnerships, reached the end of
Welcome to the future of Europe-Gulf state energy relations As well as being top oil and gas producers, the Gulf monarchies are potential sources of green energy for the EU and likely frontrunners in the global energy transition. Yet, as I set out in a paper for ECFR in 2021, the EU initially underwhelmed in its engagement with these states as part
Therefore, it is evident that China and the U.S. share common interests when it comes to the issue of Chinese underground banking. On this basis, China could choose to cooperate with the U.S. in order to exchange strategic benefits in trade, economics, or other areas. In fact, the two countries already have a foundation for cooperation in this area