The Economics Of Renewable Energy In The Gulf

The Cooperation Council for the Arab States of the Gulf (GCC) has been at the epicenter of global energy markets because of its substantial endowment of hydrocarbons. Yet countries in the region have also stated their intent to be global leaders in renewable energy. This collection explores the drivers for the widespread adoption of renewable energy around the GCC, the need for renewable energy and the policy-economic factors that can create success. All six countries within the GCC have plans to include renewable energy power generation in their energy mix for various reasons including: a growing demand for electricity because of increasing populations, an increasing government fiscal deficit due to inefficient subsidies, the need to diversify the economy and global pressure to meet climate change requirements. However, the decision of when and by how much to introduce renewable energy is fraught with complications. In this book, a stellar cast of regional policy and academic experts explore the reasons behind these renewable energy plans and the potential impediments to success, whether it be the declining cost of producing energy from hydrocarbons, an infrastructure which needs to be updated, social acceptance, lack of financing and even harsh weather. Weighing up all these factors, the book considers the route forward for renewable energy in the Gulf region. The Economics of Renewable Energy in the Gulf offers an excellent examination of the adoption of renewable energy in the area. It will be of great interest to academic researchers and policy makers alike, particularly those working in the areas of energy economics, public policy and international relations.

Filling a void in academic and policy-relevant literature on the topic of the green economy in the Arabian Gulf, this edited volume provides a multidisciplinary analysis of the key themes and challenges relating to the green economy in the region, including in the energy and water sectors and the urban environment, as well as with respect to cross-cutting issues, such as labour, intellectual property and South-South cooperation. Over the course of the book, academics and practitioners from various fields demonstrate why transitioning into a ‘green economy’ – a future economy based on environmental sustainability, social equity and improved well-being – is not an option but a necessity for the Gulf Cooperation Council (GCC) States. Through chapters covering key economic sectors and cross-cutting issues, the book examines the GCC states’ quest to align their economies and economic development with the imperatives of environmental sustainability and social welfare, and proposes a way forward, based on lessons learned from experiences in the region and beyond. This volume will be of great relevance to scholars and policy makers with an interest in environmental economics and policy.

Renewable energy technologies produce many measurable benefits, such as a clear reduction in greenhouse gas emissions. However, it is also apparent that these methods of energy production come with costs. Discussing renewable energy developments within an economic context, this pertinent Handbook provides a comprehensive view of the present and future dimensions of renewable energy use.

This report explores the prospects for renewables to diversify national economies and the combined GCC energy mix, while helping the region meet climate goals and contribute to the 2030 Agenda for Sustainable Development.

Climate change requires coordinated global responses. All nations, including major Gulf Arab oil producers, should implement policies to contain greenhouse gas (GHG) emissions. Yet all realistic scenarios point to the continuing global need for fossil fuels. The countries of the Gulf Cooperation Council (GCC) thus face a dilemma between continuing development and use of their fossil fuel endowments and increasing reliance on low carbon sources, such as nuclear, solar or wind. This book explores various facets of the dilemma.

Energy policy has always been important to the population for stability and to advance technological progress and economic growth. The scope of energy discussions and concerns in the world have expanded significantly in the last several decades. In order to cope with accelerating pollution from fossil fuels, countries have increased investments in renewable energy power plants. However, the existing technology does not allow for the significant increase of the capacity of renewable energy facilities in a short period. As a result, in order to maintain economic growth, countries continue to be highly dependent on fossil fuels like oil, natural gas, and coal. At the same time, some countries start to encounter such problems as depletion of their oil and natural gas resources. The aim of this book is to analyze energy resources in the Middle East and Eastern Europe and relations between countries that appear as a result of new discoveries in this area.