"The Chamber": Success of Energy Transition through Balance between Environmental Goals and Economic Considerations

The Kuwait Chamber of Commerce and Industry (KCCI) affirmed that the success of the energy transition requires achieving a balance between environmental objectives and economic considerations through diversifying the energy mix, adopting a gradual transition pathway that considers the competitiveness of the private sector, and providing an attractive investment environment with encouraging incentives, alongside developing the national skills necessary to keep pace with the low-carbon economy.

This statement came during a consultative session hosted by the Chamber in collaboration with the Ministry of Electricity, Water, and Renewable Energy, and with the participation of the Kuwait Foundation for the Advancement of Sciences (KFAS). The session was dedicated to reviewing the Executive Plan for Energy Transition in Kuwait, which was prepared by a global consulting firm commissioned by the Foundation. Representatives from various Kuwaiti companies and economic entities attended the session.

This session is part of national efforts to implement the targets outlined in the White Paper on Energy Transition, launched by Kuwait in 2022, which aims to build a more sustainable energy system, enhance energy security, and support the shift toward carbon neutrality by 2060.

The session featured a presentation of the key pillars of the Executive Plan, opportunities for private sector participation in implementing energy transition projects, and discussions on supply chains, the regulatory and investment environment, and mechanisms to strengthen public-private partnerships, all contributing to achieving the state’s targets in this field.

Representatives from various economic sectors participated in the session, including investment, banking, real estate, education, energy, and the environment. Participants exchanged views and proposals on ways to enhance the contribution of Kuwaiti companies to energy transition projects and to develop a supportive business environment for investment and innovation in this vital sector.

The Chamber emphasized that it is sparing no effort in supporting energy transition initiatives and the low-carbon economy. In collaboration with its partners, the Chamber has organized and prepared a number of events and studies addressing the transition to a green economy, most notably its participation in preparing the International Labour Organization (ILO) study issued in February 2025 on the transition of the Kuwaiti private sector to a low-carbon economy.