Opportunities, challenges and risks of transition into renewable energy: the case of the Arab Gulf Cooperation Council

Darwish, S., Abdo, H. ORCID: 0000-0001-9279-0035 and Alshuwaiee, W.M., 2018. Opportunities, challenges and risks of transition into renewable energy: the case of the Arab Gulf Cooperation Council. International Energy Journal, 18 (4), pp. 391-400. ISSN 1513-718X

[img]
Preview
Text
11854_Abdo.pdf - Post-print

Download (660kB) | Preview

Abstract

Gulf Cooperation Council (GCC) member states have abounded underground fossil fuel resources and high potentials for renewable energy (RE). However, given the Peak Oil Theory and the international climate change regulations and protocols, investments in RE became a first-class candidate. The current conceptualized study investigates barriers, risk, and opportunities associated with the transition to RE generation in member states of GCC. The study deploys secondary data extracted from published statistics and related literature. Via an interpretive, exploratory and explanatory approach, we conclude that there is a long-term need to expand uptake of RE technologies in order to meet the possible medium to long-terms energy and economic securities. Bureaucratic inefficiency and fuel subsidies along with absence of both suitable investment framework and supporting energy policies for investments in RE were found to be significant barriers to RE deployment in the GCC states. The current paper argues that the GCC has a specific climate advantage for RE. Therefore, if RE options are utilised ideally by the GCC member states they can play a significant role in substituting conventional energy sources and in sustaining energy and economic securities of the GCC member states.

Item Type: Journal article
Alternative Title: Opportunities and risks of transition into renewable energy: the case study of Arab Gulf Cooperation Council
Publication Title: International Energy Journal
Creators: Darwish, S., Abdo, H. and Alshuwaiee, W.M.
Publisher: Regional Energy Resources Information Center (RERIC), Asian Institute Of Technology
Date: December 2018
Volume: 18
Number: 4
ISSN: 1513-718X
Divisions: Schools > Nottingham Business School
Depositing User: Jonathan Gallacher
Date Added: 05 Sep 2018 08:12
Last Modified: 29 Jan 2019 15:17
URI: http://irep.ntu.ac.uk/id/eprint/34419

Actions (login required)

Edit View Edit View

Views

Views per month over past year

Downloads

Downloads per month over past year