KUWAIT CITY, May 5 (Xinhua) -- The Kuwait Institute for Scientific Research (KISR) celebrated on Sunday publication of the first edition of the Kuwait Energy Outlook (KEO) report.
As the first of its kind in the Gulf region, the report presents ground-breaking analysis to predict and plan for Kuwait's energy future, while giving recommendations to create a more sustainable, energy-efficient and diversified economy and society for the Gulf country.
The KEO report highlights three main challenges Kuwait is facing in ensuring prosperity for future generations: the need to diversify the country's oil-dependent economy, stimulate efficient energy usage, and further develop renewable energy sources.
Samira Omar, director general of KISR, said the Kuwait Energy Outlook will play an essential role in increasing collaboration between government entities on energy-related issues and upskilling Kuwait's energy professionals.
Khaled Mahdi, secretary-general of the Supreme Council for Planning and Development (SCPD), said Kuwait is leading the region in mapping out a sustainable, diversified energy future based on an evidence-based analysis such as KEO.
Adhering to the recommendations as set out in the report will further increase Kuwait's global competitiveness, he noted.
Khaled Shahwan, deputy resident representative of the UN Development Program (UNDP), underscored the importance of the first energy outlook.
Through the first Energy Outlook report in the region, Kuwait has taken a major step forward with regard to its socio-economic and environmental development plans, he said.
The KEO report, which will be published every three years, will be presented at dedicated forums that will bring together international and domestic stakeholders to discuss Kuwait's energy future.
