INTRODUCING A NEW BRAND FOCUSED ON CLEAN ENERGY

With a rapid energy transition underway, we are excited to announce the launch of Global Energy Future, a new brand that will be a comprehensive guide to all the facets of clean energy.

Especially as the Middle East region continues to build upon net-zero initiatives, Global Energy Future is your resource for all the latest news and exclusive content from the energy industry, capturing the beat of the traditional oil and gas industry as well as sustainable energy, which is essential for a low-carbon future.

To meet the ambitous goals outlined in the Paris Agreement, oil and gas companies are under pressure to act fast. Simply put, the energy industry must collectively act upon a well-designed action plan to contribute toward a net-zero world.

The International Monetary Fund (IMF) has warned in a recent economic report that collective dallying worldwide has translated into a more difficult energy transition than first envisioned.

The IMF also noted in its World

Economic Outlook that the global economy will need to reduce greenhousegas emissions by 25% relative to current levels by 2030 to have a chance to “avert catastrophic climate disruptions.”

Fortunately, over the past few years, addressing the issue of climate change has been at the forefront for many oil and gas companies, which are transforming their business operations to meet the Paris Agreement goals.

For instance, more and more operators and service providers are announcing netzero goals, actively working on carbon capture technologies and also investing heavily in alternative forms of low-carbon energy like hydrogen.

Interestingly, the quest for net-zero targets is not limited to exploration and production activities only. The regional downstream industry, which has been growing at a much faster rate compared to the upstream sector, thanks to in-country value-addition initiatives by authorities, has also chalked out aggressive plans to cut greenhouse gases emission and improve efficiency.

To achieve the desired environmental goals, refining and petrochemical companies in the region are primarily banking on emerging technologies such as carbon capture. storage, and utilisation, hydrogen production through renewable energy and a host of other environmentally friendly processes.

The new brand will keep a close eye on all these developments and will provide indepth research articles on steps taken by the industry captains to make the industry more environmentally-friendly without sacrificing profitability.

Moreover, as the whole energy sector is passing through a transitional phase where uncertainty about the demand and supply situation is taking a toll on the economy. The brand with the help of subject matter experts, who are involved in the decisionmaking, and are going to play a key role in shaping the future energy landscape, will try to make readers aware of the changes.