The Gulf Cooperation Council (GCC) countries are best known for their production of oil, but they are beginning to develop their vast potential for renewable energy. Between 2014 and 2018, installed renewable energy generation capacity in the GCC rose by over 300%. Despite this impressive growth, there is still much work to be done.
Renewable energy auctions keep reducing prices, and more nations are adopting them each year. However, price decreases have slowed, which brings some auction designs into question. These recent trends call for careful analysis and expert guidance.
The industrial sector in Latin America and the Caribbean has not achieved the same accomplishments as in developed markets. Although most of the countries in the region have made efforts to implement global energy efficiency solutions, only Argentina, Chile, Brazil, and Mexico have made significant progress.
It is often claimed that protecting the environment costs jobs, but there is strong evidence that building water infrastructure boosts economic activity. Studies indicate that $1 million invested in water projects generates between 15 and 18 jobs.
While the roads require repairs, aging bridges pose a more significant threat. Almost 40% of bridges in America are over 50 years old, and more than 9% were structurally deficient.
Water resources are actually under much greater stress in parts of the world where environmentalists have less influence. In the Middle East and North Africa, and to a lesser extent in China and India, limited freshwater supplies are rapidly diminishing. The implied water price increases would dramatically boost the value of efficient water management.
When PPP contractors underestimate the long-term funding required for a project, they risk losing money later. Long-run expenses like maintenance are often underestimated when traditional government projects are approved. As a result, our public infrastructure deteriorates prematurely.