Gulf Nations and the Middle East: Fossil Fuel Challenge and Nuclear Power Expansion

Gulf nations face challenges in reconciling their reliance on fossil fuels with their net-zero emission targets. The region needs major adjustments to accommodate a growing population while meeting climate goals. Several countries in the Middle East are expanding their nuclear power capacity. A lack of investment in oil could lead to a spike in energy prices. Saudi Aramco and Exxon Mobil express support for the energy transition but emphasize the continued importance of oil.