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Qatar Tribune
Tribune News Network Doha The power sector accounts for up to 41 percent of global carbon dioxide emissions today. Additionally, there are up to 1 billion people around the world who still lack access to reliable energy and the demand for electricity is expected to continue to grow, including here in the Middle East and North Africa (MENA), where population growth, industrialisation and urbanisation continue to fuel the need for more power. To address sustainability concerns, the world is transitioning towards a lower carbon energy mix at a pace unseen before. This is reflected in the total global value of energy transition investment – including spend on new renewable energy capacity, electric vehicles and associated charging infrastructure, energy storage technologies, and more - reaching over US$500 billion for the first time in 2020. This was an increase of 9 percent over the previous year, despite the economic impact of the COVID-19 pandemic. However,