Egypt, UAE and Tunisia among best countries worldwide in developing renewable energy

A wind farm, part of the Tehachapi Pass Wind Farm, is pictured in Tehachapi, California June 19, 2013. (Reuters)
Updated 25 December 2018

Egypt, UAE and Tunisia among best countries worldwide in developing renewable energy

  • Incentives provided to the private sector in those countries have encouraged it to invest in renewable energy

CAIRO: Egypt, Tunisia, and the UAE have been listed among the World Bank’s list of the best countries developing renewable energy in 2018.
A World Bank report cited by CNN Arabic listed the three Arab states, saying they have made remarkable progress in the development of renewable energy over the past seven years.
It said that incentives provided to the private sector in those countries have encouraged it to invest in renewable energy. They helped by developing the legal framework that will facilitate the private sector’s projects in this field.
The report stated that the UAE has become one of the best countries in developing energy efficiency.
It also said Egypt rose from 10 points to 68 points by 2018 on the World Bank’s Regulatory Indicators for Sustainable Energy (RISE). This has made it among the top 36 countries around the world.
The report also praised Jordan’s “notable” progress in developing renewable energy from 2010 to 2017, recording 63 points.
Renewable energy is used in the fields of heating, cooling and transport sectors.


EU leaders to clash over money as Brexit blows hole in budget

Updated 20 February 2020

EU leaders to clash over money as Brexit blows hole in budget

  • Britain’s exit leaves 75 billion euro hole in bloc’s finances
  • For next 7-year cycle, starting point for talks is 1.074% of GNI
BRUSSELS: European Union leaders will clash this week over the EU’s 2021-2027 budget as Britain’s exit leaves a 75 billion euro ($81 billion) hole in the bloc’s finances just as it faces costly challenges such as becoming carbon neutral by 2050.
The budget is the most tangible expression of key areas on which the EU members must focus over the next seven years and their willingness to stump up.
For the coming seven-year cycle, the starting point for talks is 1.074% of the bloc’s gross national income (GNI), or 1.09 trillion euros. By contrast, EU national budgets claw in 47% of annual output (GDP) on average.
Still, disputes over hundredths of percentage points have kept EU and government officials busy for the last two years and many diplomats remain skeptical that a deal will be reached on Thursday and Friday, when leaders meet in Brussels.
“Tomorrow’s summit is a complex and complicated summit because the proposal we have received does not meet our expectations,” said Italian Prime Minister Giuseppe Conte. Italy is one of the net contributors to the common EU pot.
The EU budget gets money from customs duties on goods entering its single market, a cut of sales tax, antitrust fines imposed by the EU on companies, and from national contributions.
It spends money on subsidies for EU farmers, on equalizing living standards across the bloc, border management, research, security and various non-EU aid programs.
Some net contributors — the “frugal four” of the Netherlands, Austria, Sweden and Denmark — want to limit the budget to 1.00% of GNI. Germany, the biggest contributor, is prepared to accept a bit more, but 1.07 is too high for Berlin.

Cohesion funds
The European Commission has proposed 1.1% and the European Parliament, which will vote on the budget, wants 1.3%. For net beneficiaries such as Poland, larger is better.
For many central and eastern European countries, EU “cohesion funds” are crucial. “The costs related to Brexit and other challenges should be more equitably distributed,” Polish Prime Minister Mateusz Morawiecki wrote in the Financial Times, adding this was not the case due to proposed deep cuts for cohesion policies and the Common Agricultural Policy (CAP).
But with less money coming in because of Brexit, some net contributors argue there is simply less to share around. Also, more money should be spent to modernize the EU economy rather than on preserving agriculture, they say.
EU leaders will discuss the idea of a tax on plastic waste that would go to EU coffers and sharing some profits from trading carbon emission permits.
The EU is also considering other taxes — on the digital economy, on flying, on financial transactions and on products made with high CO2 emissions imported into the EU.
Commission officials warn time is running out and the EU risks starting next year with no money to protect its borders, finance research and fund student exchanges, or equalize standards of living.