2017 Arab Future Energy Index (AFEX) Report
2017 Arab Future Energy Index (AFEX) Report
April 29, 2020
The AFEX Energy Efficiency 2017 details the efforts and progress achieved by Arab countries to develop their energy efficiency markets throughout the various sectors and put forth comprehensive roadmaps that effectively establish targeted EE programs and sources of finance.
Energy intensity in the majority of Arab countries is still well above the European average energy intensity, indicating high energy requirements for economic development in the region. In general, energy intensity in the Arab region is driven by the region’s economic growth (average 4.5% GDP growth/year based on 2010$), rapid industrialization, population growth (average growth 2.26%/year) and highly subsidized energy market. This high energy intensity has been translated into excessive CO2 emissions, namely, in the GCC countries that record the highest CO2 emissions/capita in the world. Managing and reducing energy consumption is both a vital cost saving initiative for Arab countries and significantly helps in scaling down the regional impact on climate change. continues progress to increase and promote energy efficiency is very important in helping Arab countries meet their nationally determined contributions (NDCs), in line with many countries’ pledges following the Paris Conference of Parties (COP21) Agreement.