Arab News
In Arab News, BCG’s Shelly Trench and Aytech Pseunokov explain that financial institutions will become the key source of funding for Middle Eastern countries to achieve their energy transition targets. According to a BCG report, the United Arab Emirates still faces a $500 billion funding gap to reach its decarbonization goals, despite already investing $163 billion. A possible solution, Trench says, is to establish carbon prices that adequately reflect the cost of greenhouse gas emissions and international carbon price levels.