GCC scores 41.5 in 2024 CCE Index
MUSCAT: The Gulf Cooperation Council (GCC) countries achieved an average score of 41.5 in the 2024 Circular Carbon Economy (CCE) Index, surpassing the global average, according to figures released by the Gulf Statistical Centre.
The CCE Index evaluates the performance of 125 countries in their transition towards net-zero emissions by measuring the integration of mitigation technologies alongside enabling tools within a circular carbon economy framework.
Notably, the contribution of renewable energy plant capacity in GCC countries to global renewable energy design capacity rose significantly — from just 0.03 per cent in 2015 to 0.43 per cent in 2024.
The GCC region currently operates three commercial facilities capable of capturing and storing 3.8 million tonnes of carbon dioxide annually through Carbon Capture and Storage (CCS) technologies. This capacity is expected to increase dramatically to 65 million tonnes by 2035. CCS and broader Carbon Capture, Utilisation and Storage (CCUS) initiatives are seen as critical instruments for limiting global temperature rise to 2°C and reaching net-zero emissions by 2050. — ONA
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GCC scores 41.5 in 2024 CCE Index
MUSCAT: The Gulf Cooperation Council (GCC) countries achieved an average score of 41.5 in the 2024 Circular Carbon Economy (CCE) Index, surpassing the global average, according to figures released by the Gulf Statistical Centre. The CCE Index evaluates the performance of 125 countries in their transition towards net-zero emissions by measuring the integration of mitigation technologies alongside enabling tools within a circular carbon economy framework. Notably, the contribution of renewable energy plant capacity in GCC countries to global renewable energy design capacity rose significantly — from just 0.03 per cent in 2015 to 0.43 per cent in 2024. The GCC region currently operates three commercial facilities capable of capturing and storing 3.8 million tonnes of carbon dioxide annually through Carbon Capture and Storage (CCS) technologies. This capacity is expected to increase dramatically to 65 million tonnes by 2035. CCS and broader Carbon Capture, Utilisation and Storage (CCUS) initiatives are seen as critical instruments for limiting global temperature rise to 2°C and reaching net-zero emissions by 2050. — ONA
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