February1 , 2026

Renewables: The Best Coolant?

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While Europe bakes under record-breaking temperatures, oil-rich Gulf states are quietly building the climate-resistant future, that cash-strapped European governments can only dream about, the renewables way.

The reality is uncomfortable: effective climate action depends not on good intentions but on deep pockets and single-minded political will.

European Nations Burn Under Financial Strain

Spain shattered its national June temperature record on Friday, hitting 46.0°C in El Granado.

Italy, France and Greece now brace for temperatures above 40°C as the continent endures its most brutal heatwave yet. Portuguese meteorologists expect highs up to 43°C across the country.

European governments juggle competing priorities. Economic recovery from recent crises limits green spending. Citizens resist higher taxes for climate projects.

Gulf Cooperation Council States Write Climate Cheques

Gulf Cooperation Council countries have committed $100 billion towards renewable energy projects by 2030. The International Monetary Fund projects GCC economies will grow 3.5% in 2025.

Saudi Arabia, United Arab Emirates and Oman launched multibillion-dollar renewable initiatives that dwarf European efforts.

Gulf states enjoy streamlined decision-making processes. Oil revenues fund ambitious green projects without electoral concerns about higher taxes. Leaders make decade-long commitments overnight.

When Survival Meets Opportunity Head On

Across the Gulf, temperatures regularly exceed what humans can survive outdoors. Nations there recognise that climate adaptation is existential, not optional. Their renewable capacity increased from 500 megawatts in 2017 to nearly 4,000 megawatts in 2022.

During summer months, outdoor work becomes deadly. Qatar invests in district cooling systems to reduce energy use by 40%. Oman and Kuwait balance fossil fuel reliance with gradual clean energy adoption.

When Bureaucracy Slows Climate Progress Down

European politicians face electoral cycles that discourage long-term climate investments. Voters often favour immediate economic concerns over future environmental threats. Short-term thinking rules political calendars.

Oversight prevents wasteful spending on unproven technologies. Public consultation ensures taxpayer money is spent wisely. Electoral accountability forces governments to justify expensive climate projects to sceptical populations.

Resources Trump Rhetoric Every Single Time

However, results speak louder than political systems.

While European leaders give stirring speeches about climate urgency, Gulf states deploy renewable energy concentrated in the power sector. Democracy’s strength in accountability becomes weakness when rapid action is required. Perfect should not become the enemy of good enough.

State-owned companies boast national champions like Acwa Power, Masdar, and Nebras Power. Their hydrogen plants will export clean energy to Europe within the decade. Wealth buys speed, and with it green powered economies.

Yearly Heat Records Demand Financial Firepower

Climate action depends on massive capital deployment.

Wealthy nations with streamlined governance hold clear advantages. European governments must either find new funding mechanisms or risk watching from the sidelines as others build tomorrow’s energy system.

The European Union should create dedicated climate bonds backed by member states. National governments need multi-decade investment commitments that transcend electoral cycles. Money must flow where heat flows hardest.

Keep up with Daily Euro Times for more updates!


Read also:

Neocolonialism in the Twenty-First Century, EU Climate Policy


Should the Global North Subsidise Climate Relief for the Global South?


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