NewBase 20 November 2023 Energy News issue - 1675 by Khaled Al Awadi_compressed.pdf

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NewBase Energy News 20 November 2023 No. 1675 Senior Editor Eng. Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
U.A.E: Abu Dhabi opens one of the world's largest solar
projects ahead of Cop28
The National + NewBase
Abu Dhabi has inaugurated the two-gigawatt Al Dhafra solar power plant, one of the world's
largest solar projects, as it moves ahead with plans to expand its renewable energy capacity and
achieve its net-zero targets.
Mega solar power plant is inaugurated in Abu
Dhabi – 2 Gigawatt Al Dhafra solar power plant
The project has been developed by Abu Dhabi National Energy Company, better
known as Taqa, in partnership with clean energy company Masdar, France’s EDF
Renewables and China's JinkoPower, the Abu Dhabi Media Office said on Thursday.
ww.linkedin.com/in/khaled-al-awadi-80201019/

The Emirates Water and Electricity Company will procure the electricity supplied by the plant. It will
power 200,000 homes and is expected to reduce Abu Dhabi's carbon dioxide emissions by more
than 2.4 million tonnes a year, equivalent to removing about 470,000 cars from the road.
It utilises about four million solar panels with bi-facial technology that captures sunlight on both sides
for maximum yield. The project, said to be the world's largest single-site solar power plant, will raise
Abu Dhabi’s solar power production capacity to 3.2 gigawatts.
“As the UAE prepares to host Cop28, this pioneering project reflects the country’s ongoing
commitment to raising its share of clean energy, reducing its carbon emissions and supporting the
global efforts on climate action,” said Sheikh Hazza bin Zayed, Deputy Ruler of Abu Dhabi.
“We are witnessing, day after day, project after project, that the UAE is at the global forefront of
developing and adopting innovative clean energy solutions,” he said.
The UAE is “proceeding with its strategic plans to enhance its energy security by implementing a
diverse range of flexible energy generation that is contributing to the reduction of carbon emissions,
while also advancing the economy”, Sheikh Hazza said.
Taqa owns 40 per cent of the project, Masdar owns 20 per cent while the remaining partners, EDF
Renewables and Jinko Power, own a 20 per cent stake each in the project. The project, located
35km from Abu Dhabi and spread across more than 20 square kilometres in the desert, generated
4,500 jobs at the peak of its construction. It was built in a single phase.
Al Dhafra project demonstrated “remarkable” progress in solar power efficiency, innovation and cost
competitiveness, setting a new “record-low” tariff, Dr Sultan Al Jaber, Cop28 President-designate,
Minister of Industry and Advanced Technology and chairman of Masdar said.
“With just days to go before the start of Cop28, I
will be asking the world to unite and deliver the
energy transition by tripling renewables capacity
and doubling energy efficiency by 2030. Al Dhafra
is an example of the scale of the ambition needed
around the world.”
The project, which was first announced in 2020,
initially had a highly competitive solar power tariff
at Dh4.97 fils per kilowatt-hour (kWh), which
improved to Dh4.85 fils/kWh upon financial close.
The UAE, the first country in the Mena region to
announce a target of net zero by 2050, has been
investing heavily in building renewable energy
plants. The host of the Cop28 climate conference
beginning this month, the Emirates approved an
updated version of the UAE Energy Strategy
2050 in July.
As part of the plan, the country plans to invest up to Dh200 billion ($54 billion) by 2030 to ensure
energy demand is met while sustaining economic growth. The UAE also aims to produce 1.4 million
metric tonnes of hydrogen annually by 2031 and 15 million metric tonnes every year by 2050.
Meanwhile, the emirate of Abu Dhabi also announced its Climate Change Strategy for 2023-2027 in
July. It aims to reduce emissions by 30 million tonnes by 2027, from 135 million tonnes in 2016.

“The project contributes to creating opportunities for sustainable economic and social growth, while
simultaneously achieving a balance between sustainable development and mitigating the impacts
of climate change,” said Awaidha Al Marar, chairman of the Department of Energy in Abu Dhabi.
“It will also promote the creation of a knowledge-based economy, harness clean technology, and
create a diversified mix of energy sources.” Last month, the UAE launched its first wind
programme, with Masdar announcing a 103.5 megawatt landmark wind project across four locations
in Abu Dhabi. The project is expected to power more than 23,000 homes a year, displacing 120,000
tonnes of CO2.
Masdar, established in 2006, is working towards a renewable energy portfolio capacity of at least
100 gigawatts by 2030 and an annual green hydrogen production capacity of up to one million
tonnes by the same year. It is currently active in more than 40 countries.
The Emirates is also building the five-gigawatt Mohammed bin Rashid Solar Park in Dubai, which
will cut 6.5 million tonnes of carbon emissions annually when it is fully completed in 2030. The UAE
currently ranks second globally in terms of per capita solar energy consumption, according to data
from The Energy Institute Statistical Review of World Energy.
Meanwhile, this week Taqa said it aimed to achieve 150 gigawatts of gross power generation by
2030, significantly higher than its previous target of 50 gigawatts.
The company, which is one of the largest listed integrated utilities in Europe, the Middle East and
Africa, plans to have renewable power sources account for about 65 per cent of its power generation
portfolio by the end of this decade.
Renewable energy is expected to make up about half of the global electricity mix by 2030 under
current policies, but stronger measures would be required to meet the goals of the Paris
Agreement, the International Energy Agency said in a report last month.
By the end of the decade, there will be 10 times as many electric cars on the road worldwide, with
the share of renewable energy in power generation rising to 50 per cent from 20 per cent now, the
Paris-based agency said in its World Energy Outlook.

UAE and Saudi Arabia most active in GCC in climate change
mitigation, report says , THE National -John Benny + NewBase
The UAE, Saudi Arabia and Qatar have been most active in the Gulf Co-operation Counci region in
adopting measures aimed at mitigating climate change, despite their reliance on oil and gas exports,
a report has said.
The Emirates, the Arab world’s second-largest economy, was ranked first in sectors such as
sustainable infrastructure and transport, energy transition and environmental ecosystem, on the
Middle East and Africa Environmental Sustainability scorecard, commissioned by Kuwait’s Agility
and compiled by Geneva-based Horizon Group.
Qatar, one of the world's largest natural gas exporters, took the top position for green investment,
innovation and technology as well as governance and reporting. Saudi Arabia, the largest economy
in the Arab world, secured a top-five position in five out of six crucial sectors outlined in the index.
The index examined the performance of 17 countries in areas such as environmental sustainability
outcomes, government policies, and corporate practices.
While the report included countries that are relative "late comers" to global sustainable development,
these nations are also rapidly "stepping-up" their efforts in implementing sustainability strategies,
programmes, and investments, it said.
“As a supply chain operator and investor in the Middle East and Africa, we want to know what
governments and businesses are prioritising, and where they’re putting resources in the climate
change battle,” said Tarek Sultan, vice chairman of Agility, one of the largest logistics companies in
the Mena region.
“We want to know who we can partner with in green infrastructure and transport, alternative fuels,
and supply chain services that reduce environmental impact without sacrificing performance."
Bahrain came third in circularity, a measure of resource-use efficiency and waste management, with
Oman coming in at sixth in the same category.
Kuwait was fifth best in environmental ecosystems, which examines air, soil and water pollution,
along with conservation and biodiversity.
GCC countries have been investing heavily in renewable energy and sustainable development in a
bid to diversify away from hydrocarbon exports.
The UAE, the first country in the Mena region to announce a target of net zero by 2050, has
been funding clean energy projects, including solar, wind and nuclear, as it cuts down on the use of
natural gas for electricity production.
On Thursday, Abu Dhabi inaugurated the two-gigawatt Al Dhafra solar power plant, one of the
world's largest solar projects, which is expected to power 200,000 homes and reduce the capital
emirate's carbon dioxide emissions by more than 2.4 million tonnes a year.

Mega solar power plant is inaugurated in Abu Dhabi
The project was developed by Abu Dhabi National Energy Company, better known as Taqa, in
partnership with clean energy company Masdar, France’s EDF Renewables and China's
JinkoPower.
The UAE is also developing the five-gigawatt Mohammed bin Rashid Solar Park in Dubai, which will
cut 6.5 million tonnes of carbon emissions annually when it is fully completed in 2030.
Meanwhile, Saudi Arabia, Opec’s top oil producer and the world’s biggest crude exporter, has set
ambitious targets to tackle climate change and cut carbon emissions to overhaul its economy and
reduce its reliance on oil.
The kingdom, which plans to achieve net-zero carbon emissions by 2060, is focusing heavily on
building its domestic electric vehicle market to support the transition and develop its local
manufacturing sector as part of its Vision 2030 strategy.
The World Bank expects
combined GCC economic
output to be $6 trillion by
2050, but said that
embracing a strategic
“green growth approach” to
economic diversification
could potentially elevate
that figure to more than $13
trillion.
The latest report found that
97 per cent of the
companies in the Middle
East and Africa had been
affected by climate change,
with nearly half noting "severe damage" or a "significant and growing" impact on their operations.
“When it comes to climate action, governments are outpacing the private sector in both the Middle
East and Africa", it said.
Meanwhile, countries are prioritising sustainability differently based on income, economic strengths,
energy reliance, and other factors.
High-income, energy-producing Gulf countries generally invest more in sustainable infrastructure
and ecosystems, while African economies have been better at energy conservation and
consumption, the report found.
Green investments – funds typically channeled into sustainability or renewable energy projects –
have been dominated by the UAE, Qatar, Morocco and Saudi Arabia, the report said.
On the other hand, African countries such as Uganda, Nigeria, Rwanda, Kenya and South Africa,
have been focusing more on green transport.
South Africa, which may overtake Nigeria as Africa’s largest economy next year, has a net-zero
target for 2050 and plans to become a large producer and exporter of green hydrogen and its
derivatives.

UAE’s Masdar in Indonesia inaugurated Southeast Asia’s largest
floating solar plant … Gulf Business + NeewBase
Masdar and PLN, Indonesia’s state-owned utility company, have launched the 145-megawatt Cirata
floating solar plant in Indonesia.Set to be the largest in Southeast Asia, Cirata is Masdar’s first
floating PV project and renewable energy project in the Southeast Asian market.
Built on a 250-hectare plot of the Cirata Reservoir, in the West Java province, it will power 50,000
homes and offset 214,000 tons of carbon dioxide emissions.
The inauguration was held in the presence of Joko Widodo, President of the Republic of Indonesia.
Masdar and PLN NP recently signed an MOU to develop Phase II of Cirata with up to 500MW
additional capacity, following a regulatory development from the Ministry of Public Works and
Housing in Indonesia that has increased the portion of water that can be covered, for renewable
energy uses, to a maximum of 20 percent.
Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-
Designate and Masdar chairman, said: “The inauguration of this floating solar PV plant at Cirata is
a testament to Masdar’s pioneering ethos, our innovative spirit and power of partnership. It is
symbolic of the ambition of Joko Widodo President of Indonesia, his government, PLN Group, and
Masdar, that our first project in the country should also be the largest floating solar plant in the
region.”
Indonesia’s Minister of Energy and Mineral Resources, Arifin Tasrif, said: “With the operation of the
Cirata Floating PV, we hope it will increase investor confidence and encourage technological

innovation as a solution to limited land in developing solar energy, where Indonesia has enormous
floating PV potential.”
Indonesia’s net-zero emissions
Indonesia has pledged to reach net-zero emissions by 2060 or sooner. The Southeast Asian nation
has also committed to a 29 per cent reduction in greenhouse gas emissions by 2030. According to
the International Renewable Energy Agency (IRENA) estimates, scaling up renewables could save
Indonesia, the largest energy user in the Association of Southeast Asian Nations region, as much
as $51.7bn per year including an impact on air pollution and climate change.
Floating solar plants are ideal for countries such as Indonesia with dense populations and limited
land resources. They enable higher solar panel efficiency and productivity due to the close proximity
of the panels to the water surface that helps cool them.
Darmawan Prasodjo, CEO of PLN Group, said: “The Cirata Floating PLTS is a showcase for global
cooperation to realise emissions reductions in accelerating the energy transition towards Net Zero
Emissions (NZE) by 2060.”
Mohamed Jameel Al Ramahi, CEO of Masdar said: “In October 2023, Masdar and PLN Group
agreed to triple the existing capacity of this already record-breaking project, supporting Indonesia’s
decarbonisation and net-zero ambitions.
Apart from Cirata, Masdar entered the geothermal energy sector through a strategic investment in
Pertamina Geothermal Energy in February.
Masdar also opened an office in Jakarta in 2021 to further strengthen links with key players within
the region.

Other Masdar international projects
Masdar is active in more than 40 countries. Its global investment portfolio exceeds $30bn and it is
targetting a renewable electricity capacity of at least 100 GW by 2030. The firm along with EDF
Renewables and Nesma Company, recently won a bid for the 1,100 megawatt (MW) Al Henakiyah
solar power plant in Saudi Arabia.
The Masdar-led consortium signed a power purchase agreement (PPA) with the Saudi Power
Procurement Company (SPPC) to develop, build, and operate the $1bn solar farm that will power
more than 190,000 homes annually.
In September, Masdar announced a partnership with Africa50, the pan-African infrastructure
investment platform. The entities have signed a memorandum of understanding (MoU), which will
work to bridge the infrastructure funding gap and mobilise public and private finance.
The agreement will see both parties work collaboratively to catalyse sustainable development of the
clean energy sector in Africa. The UAE-based company has committed $2bn of equity as part of the
UAE finance initiative, which was announced during Africa Climate Summit by Dr Sultan Al Jaber,
Chairman of Masdar and COP28 President-Designate.
The clean energy firm has been active in Asia and Central Asia. Masdar recently partnered with
the Malaysian Investment Development Authority (MIDA) to invest $8bn for up to 10 gigawatts (GW)
of renewable energy projects in the Southeast Asian country.
Masdar is also developing up to 10GW clean energy projects by 2035 that include solar power
plants, onshore wind farms and battery energy storage systems. It has signed agreements for solar
and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan.
This development followed the inauguration of the region’s largest operational solar plant, the
230MW Garadagh Solar Park. In October, MW Energy, a joint venture between Masdar and W
Solar Investment, signed an agreement with Tajikistan’s Ministry of Energy and Water Resources.
The deal will see the entities explore clean energy projects with a capacity of at least 500 megawatts
(MW), including floating solar power and hydropower, in landlocked and water-abundant Tajikistan.
In May, the company sealed a joint development agreement (JDA) with Uzbekistan’s Ministry of
Energy (MoE) and the Ministry of Investments, Industry and Trade to develop solar and wind
projects over 2 gigawatts (GW) and 500 megawatt-hours (MWh) of battery energy storage at
multiple sites across the Central Asian country.
Uzbekistan, which aims to achieve 25 percent of its energy mix from renewables by 2030, is a
strategic destination for Masdar. The country plans to achieve 7GW of solar and 5GW of wind
capacity by the end of the decade.

Morocco: Falcon Capital plans $2bn green hydrogen project
TradeArabia News Service
Falcon Capital Dakhla, a major Moroccan investment group, has collaborated with HDF Energy, an
industry leader in green hydrogen, for a groundbreaking green hydrogen giga project in the heart of
the country's Dakhla region at an initial investment of $2 billion.
Embracing Morocco's 14-year experience in clean energy and fostering an innovation-friendly
ecosystem, White Dunes aspires to be a pivotal player in the country's renewable energy sector,
with the goal of commencing
hydrogen production by 2028.
Spearheaded by Moroccan
enterprise Falcon Capital Dakhla,
The White Dunes is an ambitious
project aimed at producing the
world's cheapest green
hydrogen. For the realization of
this project, Falcon Capital
Dakhla leverages the expertise of
HDF Energy.
A renowned player, it specialises
in hydrogen infrastructure
development and multi-megawatt
fuel cells for decarbonizing
electricity production, heavy
mobility, and industry.
In 2024, the group will launch the mass production of its multi-megawatt fuel cells. HDF Energy
operates globally and has been listed on Euronext Paris since 2021.
HDF Energy also acts as a co-developer of the project, fortifying White Dunes position.
Majid Slimani, the founder and president of Falcon Capital Dakhla, said: "White Dunes embodies a
commitment to the cause of green energy and a dedication to more sustainable future for Morocco.
We have devoted nearly two full years to feasibility studies, preliminary project design, and phased
planning across a projected area of 150,000 hectares."
"Given the exceptional characteristics of the Dakhla region, the project aspires to achieve a capacity
of 10 GW in wind energy, 7 GW in photovoltaic energy, and 8 GW in electrolyzers," he added.
HDF Energy CEO Damien Havard said: "The collaboration with Falcon Capital Dakhla represents
the perfect synergy between two complementary entities, enabling the production of some of the
world's most competitive green hydrogen in Morocco."
A major player in Morocco, Falcon Capital Dakhla has interests in key sectors including agriculture,
real estate and energy with a specific focus on renewable energy.
The company is committed to large-scale projects to contribute to a more sustainable future for local
communities, he added.-

NewBase November 20 -2023 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil extends gains on expectations of further OPEC+ supply cuts
Reuters + NewBase
Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply
cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply
disruption amid the Israel-Hamas conflict.
Brent crude futures climbed 66 cents, or 0.8%, to $81.27 a barrel by 0700 GMT while U.S. West
Texas Intermediate crude was at $76.49 a barrel, up 60 cents or 0.8%.
The front-month December contract expires later on Monday while the more active January futures
gained 65 cents, or 0.9%, at $76.69 a barrel.
Both contracts settled 4% higher on Friday after three OPEC+ sources told Reuters that the
producer group, made up of the Organization of the Petroleum Exporting Countries and their allies
including Russia, is set to consider whether to make additional oil supply cuts when it meets on Nov. 26.
Oil prices have dropped by almost 20% since late September while prompt inter-month spreads for
Brent and WTI slipped into contango last week. In a contango market, prompt prices are lower than
those in future months, signalling sufficient supply.
Oil price special
coverage
 Brent, WTI prices rise nearly 1%
 OPEC+ set to consider whether to make more supply cuts -sources
 US adds oil, gas rigs, first time in three weeks -Baker Hughes
 US oil rig count rises in biggest weekly hike since February
 OPEC+ meets to set policy on Nov. 26
 Last week Oil has fallen to four-month low this week
 Saudi Arabia expected to extend voluntary cut - Energy Aspects

Saudi Arabia, OPEC's de-facto leader, is balancing the desire to keep oil prices high by limiting
supply with the knowledge that doing so will lead to a further drop in overall market share, said
Jorge Leon, senior vice president of oil market research at Rystad Energy, in a client note.
"Oil markets will be looking to see if Saudi Arabia extends these cuts into 2024 or if it chooses to
gradually unwind them or simply let them expire at the end of this year," Leon said, citing the
International Monetary Fund's estimates of Saudi Arabia's oil fiscal break-even price at $86 a barrel.
"Our analysis suggest that (the) Saudis will need to keep giving away market share, at least until
June 2024, to achieve that price level."
IG analyst Tony Sycamore said WTI prices may rise toward $80 a barrel on the back of the possibility
that OPEC+ does announce deeper cuts at its upcoming meeting though a drop below $72 will
encourage the Biden administration to refill the U.S. Strategic Petroleum Reserve.
"All of which suggest that a rebound in prices is likely in the first half of this week," Sycamore said.
Investors are also eyeing disruption in Russian crude oil trade after Washington imposed
sanctions on three ships that have sent Sokol crude to India.
On Friday, Moscow lifted a ban on gasoline exports which could add to global supplies of the motor
fuel. That came after Russia scrapped most restrictions on exports of diesel last month.
U.S. energy firms last week also added oil and gas rigs for the first time in three weeks, said energy
services firm Baker Hughes on Friday. The oil and gas rig count serves as an early indicator of
future output.
In the Middle East, U.S. and Israeli officials said a deal to free some of the hostages held in the
besieged Gaza enclave was edging closer despite fierce fighting.

NewBase Specual Coverage
The Energy world –November 20 -2023
CLEAN ENERGY
TotalEnergies – Report of Energy Outlook ‘23
Source: TotalEnergies
In the run-up to COP28, the multi-energy company TotalEnergies contributes to the energy
transition’s debate with its annual publication TotalEnergies Energy Outlook 2023, which presents
scenarios for the evolution of energy demand and the global energy system (documents available
at this link).
Published for the fifth year running,
the TotalEnergies Energy Outlook 2023 updates
the Momentum and Rupture scenarios for the global
energy system up to 2050 developed by
TotalEnergies. This year, it compares them with
a Current Course & Speed scenario to better
assess the impact of the various decarbonization
levers that will enable the energy transition to be
completed by 2050.
Analysis of the 2000-2021 period shows that the
energy transition has started but is not progressing fast enough: over this period, better use of
energy has led to decoupling energy demand growth from GDP growth; however, the share of fossil
fuels in energy is still around 80%, as growth in energy demand is linked to growth in the world's
population, and investment in low-carbon energies is insufficient to meet this demand growth.
TotalEnergies Outlook 2023 distinguishes three geographical zones: NZ50 countries, the forty
countries (mainly from the OECD) that have committed to achieving net carbon neutrality by 2050;
China; and Global South, the rest of the world. According to demographic forecasts, the world's
population will increase by 1.7 billion between now and 2050 in Global South.
Living standards are expected to more than double in Global South, and energy demand to rise by
more than 70%, while it will remain stable in China and fall by 20% in NZ50 countries. Between now
and 2050, the challenge will be to reconcile the energy transition with this growth in Global South.
The Current Course & Speed scenario, which continues current trends in the transformation of the
energy system, results in a temperature increase of more than 3°C degrees by 2100 and is therefore
unsustainable.
It extends the energy efficiency gains observed over the average of the last 5 years, i.e., 2.0%/y
compared with 1.4%/y over the last 20 years, but this is not enough to enable NZ50 countries and
China to achieve their 2050/2060 targets. World investments in low-carbon energies are not
sufficient to be deployed in Global South.
TotalEnergies' Momentum scenario is a forward-looking approach integrating the decarbonization
strategies of NZ50 countries, as well as the NDCs (Nationally Determined Contributions) of the other
countries.
It implies:
(i) significant energy efficiency gains in all countries (2.4%/y over the period 2021-2050 vs.
2.0%/y in Current Course & Speed scenario),

(ii) green electrification of road transport, in NZ50 countries and in China,
(iii) phasing-out coal in NZ50 countries, a sharp reduction in China and slight growth in the
Global South countries,
(iv) use of natural gas as a transition energy for electricity and industry in all countries,
(v) increasing use of hydrogen after 2030 in the NZ50 countries and China, particularly in
industry, and
(vi) the levelling off of global demand for plastics and the deployment of recycling in NZ50
countries. In this scenario, fossil fuels still cover half of the growth in energy demand in
Global South due to insufficient low-carbon investment. It results in a temperature
increase of 2.1 to 2.2°C by 2100.
Rupture is a scenario designed to achieve a temperature increase of less than 2°C by 2100.
It implies:
(i) a wide diffusion to the whole world of the decarbonization levers developed by NZ50
countries and China, while meeting the legitimate growth expectations of Global South,
(ii) an increased penetration of electricity and renewable energies in Global South,
(iii) an even more significant reduction of coal in China and Global South,
(iv) the extension of the transport revolution: increased penetration of electric vehicles
worldwide and sustainable liquid fuels in aviation and marine,
(v) increased penetration of new energies (green hydrogen in industry and transport, e-fuels,
biofuels and biogas.) and
(vi) increased plastics recycling in China and Global South. This transition will not happen
without rich countries supporting Global South by promoting a just energy transition
(through investment, technology transfer, training, etc.). It yields a temperature increase
of 1.7 to 1.8°C by 2100.
'Our collective challenge is to move away from the 'Current Course & Speed' scenario, without
compromising growth in emerging countries and in a way that is acceptable to people in more
advanced countries,' said Helle Kristoffersen, President Strategy & Sustainability. 'With this
document, TotalEnergies intends to share its knowledge of the global energy system, in order to
contribute to the decisions that will foster the energy transition and help combat climate change.'
The main findings of the TotalEnergies Energy Outlook 2023 are as follows:
 The energy transition has started, but 2022 saw a further increase in energy-related CO2
emissions. Despite their commitments, many NZ50 countries continue to burn coal to
generate electricity, producing ~2 Gt of CO2 emissions (some even increased their coal-fired
electricity generation in 2022).
 The pace and scale of deployment of the new low-carbon energy system needs to be
significantly accelerated:
o promote better use of energy and massive progress in energy efficiency,
o accelerate the increase in investment in clean energy worldwide, not just in OECD
countries,

o and finally, that the developed economies commit to fully support the Global South’s
transition (through financial, technological, and skills transfers).
 Another challenge is to reduce fossil fuel consumption at the right pace:
o In Global South, fossil fuels remain an affordable solution for providing growing
populations with access to energy, and therefore greater prosperity.
o In NZ50 countries, an accelerated transition means retiring existing assets at country,
industry, and household levels, and investing in new low-carbon assets.
o The transition will not take place without social acceptability (both between North and
South and within NZ50 countries) and without genuine efforts in terms of climate
justice.
 In the short term, no-regrets actions are:
o phase-out coal from the electricity mix in NZ50 countries,
o invest massively in electricity networks and adapt them to the complexity of the low-
carbon electricity system,
o tend towards elimination of methane emissions from fossil fuel production processes,
o decarbonize road transport,
o and support the energy transition in the Global South through North-South financing,
technology transfer and training.

NewBase Energy News 16-November - Issue No. 1675 call on +971504822502, UAE
The Editor:” Khaled Al Awadi” Your partner in Energy Services
NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscriptions, please email us.
About: Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
www.linkedin.com/in/khaled-al-awadi-38b995b
Mobile: +971504822502
khdmohd@hawkenergy.net or khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas
sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S.
Universities. Currently working as self leading external Energy consultant for the
GCC area via many leading Energy Services companies. Khaled is the Founder of
the NewBase Energy news articles issues, Khaled is an international consultant,
advisor, ecopreneur and journalist with expertise in Gas & Oil pipeline Networks,
waste management, waste-to-energy, renewable energy, environment protection
and sustainable development. His geographical areas of focus include Middle East,
Africa and Asia. Khaled has successfully accomplished a wide range of projects in
the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas
compressor stations. Executed projects in the designing & constructing of gas pipelines, gas metering &
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Has drafted & finalized many contracts/agreements in products sale, transportation, operation &
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Currently dealing for biomass energy, biogas, waste-to-energy, recycling and waste management. He has
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Khaled is the Editor-in-Chief of NewBase Energy News and is a professional environmental writer with over
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