Bapco Energies Leads $1 Trillion Renewable Initiative in MENA
Funding | Jan 29, 2025 | Zawya
A recent keynote address by Mark Thomas, Group CEO of Bapco Energies, at the third edition of the Sustainability Forum Middle East in Bahrain, underscored the MENA region's potential to spearhead global climate change initiatives with projected investments exceeding $1 trillion in renewable energy by 2030. The forum, attended by over 400 decision-makers and business leaders alongside sustainability experts, focused on strategies to align business models with climate action, scale climate finance, and advance policy frameworks. Thomas emphasized the need for robust partnerships to enable sustainable energy solutions and meet the challenges of energy transition. Dr. Mohammed Bin Daina, Oil and Environment Minister from Bahrain, reaffirmed Bahrain’s commitment to international climate agreements and stressed the importance of regional cooperation to achieve decarbonization goals. The event also featured international speakers and workshops to enhance sustainability strategies and advance decarbonization efforts.
Sectors
- Renewable Energy
- Sustainability
Geography
- MENA – The projected $1 trillion investment in renewable energy is targeted specifically at the MENA region, underlining its geographical focus.
- Bahrain – The Sustainability Forum Middle East took place in Bahrain, where key discussions were held and important figures were present.
Industry
- Renewable Energy – The focus on attracting $1 trillion in investments by 2030 highlights the emphasis on developing the renewable energy sector within the MENA region.
- Sustainability – The article highlights the sustainability aspects of the initiative, including climate action and decarbonization strategies discussed at the forum.
Financials
- $1 trillion – The projected investment in renewable energy initiatives in the MENA region by 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bapco Energies | Speaker, Target | Company | An energy company with a commitment to renewable energy investment in the MENA region. |
| Mark Thomas | Speaker | Person | Group CEO of Bapco Energies, delivering a keynote at the Sustainability Forum Middle East. |
| Dr. Mohammed Bin Daina | Government Official | Person | Oil and Environment Minister and Special Envoy for Climate Affairs in Bahrain. |
| Sustainability Forum Middle East | Event | Other | An event focused on climate action and sustainable development initiatives. |
| Bahrain National Oil & Gas Authority (BNA) | Media | Government | Bahrain's national authority reporting on the Sustainability Forum Middle East. |