Of all the nations discussing the energy transition at the upcoming G20 summit in Bali, the oil and gas-rich countries in the Arabian Peninsula are among the most exposed to decarbonisation.
Their economies remain dependent on continued global demand for fossil fuels, and although they have long been pursuing economic diversification strategies designed to build up non-oil and gas industries, decarbonisation has only recently become a key priority.
But this G20 is the first in which all G20 nations have national low-carbon development targets.
