Renewable energy here to stay – and grow

Renewable energy here to stay – and grow

The twin economic shocks triggered by low oil prices and COVID-19 containment measures will have a disruptive impact on renewable energy in 2020 and 2021. Further down the line, however, it will galvanise sector growth, as investors increasingly seek to diversify away from risky portfolios. Prospects will improve further if governments maintain their commitments to sustainable energy and improve their investment climates.  

Saudi’s oil price gamble exposes fragile finances

Saudi’s oil price gamble exposes fragile finances

**Written and disseminated to select contacts on March 25, 2020**

Saudi Arabia’s finances risk becoming seriously impaired if oil prices remain lower for longer, with the state budget and balance of payments deficits virtually unfinanceable at $30/b in 2020. The massive cuts to spending needed could lead to political and public discontent, especially at a time when progress on Vision 2030 goals is slow and unlikely to deliver on its economic objectives in the ambitious time frame.  

Rachna Uppal | Senior Analyst Business & Finance | r.uppal@castlereagh.net