Finding oil does not guarantee economic growth

The issues discussed include:

• Impact of Uncertain Policy Environment on Energy Transition: Shifting policies and regulatory uncertainty could slow the global energy transition, impacting investments in renewables and clean technology.
• Implications of AI’s Energy Consumption: As demand for artificial intelligence grows, so does its impact on global energy consumption.
• Challenges in Renewable Energy Deployment: High upfront costs, regulatory hurdles, and limited grid infrastructure still hinder renewable energy growth.
• Evolving Energy Dynamics in the Middle East and Africa: Energy strategies in the Middle East and Africa are changing, with new investments in renewables, natural gas, and clean energy transitions reshaping global markets.