Over the past decade, climate change has become a big issue. International organisations are talking about it, and national governments are making commitments to reduce it. In the middle of this buzz is the Middle East. The Middle East region is actually one of the most vulnerable regions to climate change. There are reports that the region has been hit by droughts, high temperatures, and wildfires. Countries like Kuwait recorded a temperature of about 53.2 degrees in June 2021. These events show that the need to tackle climate change has become urgent in the Middle East, similar to the rest of the world. This need has fuelled the presence of the green tech ecosystem within the Middle Eastern ecosystem.
Green Tech in the Middle East
In many dimensions, the tech market in the Middle East has been flooded by a wave of investments and innovations in green tech. For example, the Middle East Solar Industry Association recently estimated that green tech investment in the Middle East and North African (MENA) region will peak at 1 trillion dollars by 2023. Also, in countries like Bahrain, the government has introduced green technology across sectors like waste management and energy. Also, in Cyprus, the government has committed to investing about 1 billion Cypriot pounds to achieve a green economy in the country. This planned investment is a green flag for green tech creators who are seeking a profitable market within the region.
On a wider scale, international communities are also supporting the growth of green tech in the region. Last year, the EBRD (European Bank for Reconstruction and Development) announced its plans to invest about 500 million euros in green technologies like energy efficiency and climate resilience products. Basically, green tech is gradually establishing a large presence within the Middle Eastern economy on a regional and international scale.
What Does This Mean for the Sustainable Future of the Middle East
As earlier stated, the Middle East has been severely affected by climate change. Droughts have been continuous over the past few years, leading to a massive shortage of water in the region. There are also fears that an increased rate of climate change may cause conflicts across many Middle Eastern countries. However, reducing climate change may pose a problem because many Middle Eastern countries are major producers of oil. For example, countries like UAE and Saudi Arabia contribute massive carbon emissions due to their oil production.
To solve this problem, green tech is being adopted by many industries. As a result, water is being saved, and emissions are reducing. The presence of green tech also ensures that waste is being disposed of in an environmentally safe manner. These solutions are highly beneficial because they guarantee a secure and sustainable future for Middle Easterners. When climate change is reduced with green tech, we can also reduce the risk of droughts, starvation, or conflicts.
The Middle East is in a special position within the climate change discussion, as it is one of the hardest-hit regions. This means that there is the need to adopt strategies directed at expanding the growth of green tech. Thus, leading to the reduction of climate change and the overall achievement of a sustainable future.