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© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Energy-rich Qatar faces fast-rising climate risks at home
By SUMAN NAISHADHAM AL RAYYAN, Qatar©2024 GPlusMedia Inc.
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1glenn
There is enough money in Qatar for them to make a massive investment in green energy. Whether they want to, or not, is the question.
Desert Tortoise
The Gulf states and Saudi Arabia are living on borrowed time. When demand for oil and gas diminishes in the coming decades they won't be able to afford the infrastructure to maintain their current standard of living.
EvilBuddha
The Gulf states and Saudi Arabia are living on borrowed time. When demand for oil and gas diminishes in the coming decades they won't be able to afford the infrastructure to maintain their current standard of living.
Too many holes in that statement.
Saudi Arabia is one of the Gulf states for one.
Secondly, the demand for oil and gas from the West might diminish in the near future but there are new emerging markets with growing economies where the demand will continue to rise. Those new markets will become more important for the Gulf nations. Probably you are looking at things from your bubble where the entire world economy runs based on demand from the West.
Third, the Gulf nations combined have a population less than that of the UK, out of which more than half is of Saudi only. The rest of the Gulf nations have a few million people to take care of, and if they invest their current surplus well it can guarantee them a decent standard of living far into the future.