TRANSITION: ENERGY EFFICIENCY
Energy efficiency is one of the key pillars of inclusive sustainable growth. By empowering countries to maximize energy-efficiency, these investments pay for themselves. Both large scale energy producers and net energy importers in the Arab region have much to gain both politically and economically from enhanced energy efficiency.
The World Bank estimates the potential for savings from energy efficiency at 25% of the projected total primary energy supply in the Middle East and North African countries by 2025. Nearly three-quarters of these savings, or 219 of 300 million tons of oil equivalent, are from greater efficiency in end-use sectors, including industry, residential, commercial uses, transport and public services. This is an enormous opportunity.
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Climate adaptation is a challenge and a great shared opportunity in the Arab region. At the global level, the UN Climate Change Adaptation Unit focuses on four priority areas, which can inform action in the region. The four priority areas are:
- Ecosystem-based adaptation – Implementing projects that utilize biodiversity and ecosystem services as part of a holistic adaptation strategy;
- Knowledge-sharing, analysis and networking – Spreading vital adaptation knowledge through well-connected global networks;
- Access to adaptation finance – Helping countries to gain access to finance for building resilience and national capacity;
- World Adaptation Science Program – Providing an interface between the adaptation research community and decision-makers.
At the regional level, the spread of war and accelerated climate-heating exacerbate social vulnerability, resource insecurity and displacement. Over the past decade, the Arab region has witnessed cycles of drought, the frequency and severity of which are beyond anything seen for hundreds of years. This means that there is a huge opportunity to finance more resilient communities and cities across the region.