GE highlights steps to faster decarbonization in region
The GCC countries have increased their focus on actions to address climate change concerns but there is an urgent need to further accelerate decarbonization efforts. With approximately 40 percent of global CO2 emissions from fuel combustion attributable to electricity and heat production, decarbonizing the power sector must be prioritized to build a more sustainable future. In the GCC, this goal can be achieved most effectively by leveraging the region’s tremendous renewables potential together with its abundant natural gas reserves, while transitioning away from higher carbon intensity liquid fuels such as oil and diesel, highlights a newly published white paper by GE, “Pathways to Faster Decarbonization in the GCC’s Power Sector.”
Joseph Anis, president and CEO of GE Gas Power Europe, Middle East, and Africa, said: “The challenge we face today is not quite as straightforward as simply providing lower carbon power. We need to solve the energy trilemma of supplying more reliable, affordable, and sustainable power, in the context of increasing demand for electricity. There is no onesize-fits-all answer, and we recognize that multiple solutions — including solar, wind, hydro, gas, nuclear, battery storage, hybrids, and more — will contribute to the region’s long-term energy mix. However, the accelerated and strategic deployment of renewables and gas power in the GCC can enable substantive reductions in emissions rapidly now, while advancing technologies for low or near-zero carbon power generation in the future.”
The white paper cites that the region realized up to a 69 percent compound annual growth rate in installed renewables capacity between 2015 and 2020, starting from a very low value and reaching a total of 2.4 gigawatts at the end of this period. This was driven by fundamentally sound factors such as falling costs — especially of solar photovoltaic solutions, the suitability of renewable solutions for utility-scale projects, and technological advancements that enabled the deployment of renewables in the GCC’s hot and harsh environment. However, the rapid penetration of variable renewable energy can also present challenges such as grid instability.
The strategic deployment of renewables and gas power in the GCC can enable substantive reductions in emissions rapidly now, while advancing technologies for low or near-zero carbon power generation in the future.
Joseph Anis
President and CEO of
GE Gas Power EMEA