EY (Ernst & Young), in collaboration with the Clean Energy Business Council and Middle East Solar Industry Association, recently launched the fourth edition of the Cleantech Survey Report Middle East and North Africa.
A survey of leading industry executives which gauges the recent rate of development of cleantech in the Middle East and North Africa (MENA) region and also provides predictions for the future. Advancing cleantech in the region will have a significant impact on the emissions profile, as around 98 per cent of energy is currently fossil fuel based. Its an area with high potential for renewables with significant access to solar, ocean, wind and land resources.
Some of the highlights from the report:
- The survey predicts market growth for water technologies across all regions within MENA, with water having overtaken solar as a top growth area in the Levant, GCC (Gulf Cooperation Council) and North Africa.
- The survey also covers some of the key barriers to growth of cleantech in the MENA region, with insufficient government policy frameworks and regulations being the biggest inhibitor.
- In terms of overall performance, the Kingdom of Saudi Arabia and the United Arab Emirates top the list of the countries with the greatest potential for cleantech growth.