systems based on the redistribution

freeing up more fossil fuels for export. (All the GCC countries are currently investing in more fossil fuel production capacity.) Later, they would diversify their exports by adding green energy. This would allow them to preserve their political-economic systems based on the redistribution of externally derived rents a little longer, guarding against potential economic and political instability. This is the fundamental context to the green transition thinking in the UAE and other Gulf monarchies. Like its predecessor in Egypt, COP28 is thus unlikely to result in commitments to phase out fossil fuel production. The UAE is designing COP28 around the approach of accelerating the energy transition without fossil fuel producers having to compromise their hydrocarbons-funded economic growth. This thinking very much reflects the contradictions of having a major fossil fuel producer host the conference – and choosing as the president of that conference Sultan สล็อตเว็บตรง