Is Kuwait ready for a zero-carbon future?

Director General of (KISR) Dr. Mashan Al-Otaibi ABU DHABI, April 17 (KUNA) -- Kuwait on Wednesday declared updating its renewable energy goals and enhancing strategies of energy efficiency, affirming its outstanding role for a zero-carbon future in line with continued commitments to sustainability and renewable energy.

Is Kuwait a laggard in the energy transition?

Kuwait, Opec’s fifth-largest oil producer but long a laggard in the energy transition, is taking steps to catch up with its neighbouring Gulf states and ease reliance on falling oil revenues.

Does Kuwait have a renewables market?

Electricity is also heavily subsidised, which has limited the development of Kuwait’s renewables market. Kuwait holds about 7 percent of global oil reserves and has one of the lowest crude oil production costs of around $10 per barrel.

Will Kuwait reduce energy demand by 10 percent by 2030?

Kuwait is working to carry out some policies and providing advantages to curb growing demand for energy, and reducing it by 10 percent by 2030 compared to 2020, he stated.

Will Kuwait produce green hydrogen by 2032?

Kuwait anticipates producing green hydrogen at competitive costs, estimated between $3.22 and $4.41 per kilogram, by 2032. But to succeed, Kuwait will need to convince investors that it has dealt with slow decision-making and demonstrate an ability to move projects forward, analysts say.

Why does Kuwait have a power outage?

Kuwait holds about 7 percent of global oil reserves and has one of the lowest crude oil production costs of around $10 per barrel. But despite the windfall from oil, the country suffers from power outages amid growing electricity demand and lack of infrastructure maintenance, Alajmi said.