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.

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.

Energy insecurity is not normally associated with the Middle East. However, away from the oil-rich Persian Gulf, the countries of the eastern Mediterranean are particularly vulnerable. Their fossil fuel endowments are low, while their fractious relationships with each other have long fostered wider political insecurities. Focusing on the Jordan Basin (Israel, the Palestinian Territories, Lebanon and Jordan), this timely volume addresses the prospects for the adoption of renewable energy in the oil-poor Middle East. Featuring regional energy experts, it offers an invaluable survey. After outlining the regional security context, this book first reviews renewable energy policy and practices in the Jordan Basin. It then considers options for greening energy use, including promising pilot projects in North Africa. The initiatives discussed encompass renewable energy finance, energy-efficient rural communities, and solar and wind energy. There is significant potential for an increase in the uptake of renewable energy technologies in the eastern Mediterranean. This window of opportunity has been created by high oil prices, energy infrastructure investment opportunities, and the UN climate change regime. In conclusion, the book considers the institutional conditions for collaborative decision-making on renewable energy. Such cooperation would deliver substantial security and human development benefits to the region, and indeed the world.

Greater use of renewable energy is seen as a key component of any move to combat climate change, and is being aggressively promoted as such by the new U.S. administration. Yet there has been little economic analysis of renewable energy. This article surveys the literature on the economics of renewable energy and adds to it. The conclusion is that the main renewables face a major problem because of their intermittency (the wind doesn't always blow nor does the sun always shine) and that this has not been adequately factored into discussions of their potential. Without new storage technologies that can overcome this intermittency problem, much of the decarbonization of the economy will have to come from nuclear, carbon capture and storage (CCS), and energy efficiency, with geothermal and biofuels making small contributions. Nuclear and CCS are not without their problems. New energy storage technologies could greatly increase the role of renewables, but none are currently in sight.

Energy powers our entire economy and is an essential resource in every industry and every home. What are our best choices from coal, oil, gas, nuclear, hydro, wind, ethanol, biomass, solar, and others? And can we depend on imports, or should we strive for energy independence?

This study provides economic models of the sustainability and affordability of renewable energy support schemes alongside operational advice on how the regulatory design may need to be modified to minimize the impact on the budget and be affordable to the poor, as well as how to identify and fill the financing gap.