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| Srl | Item |
| 1 |
ID:
171475
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| Summary/Abstract |
This paper argues that MENA resource-rich economies must go beyond simply replicating the “standard model” of electricity market liberalisation. They need to not only adapt the standard model to their unique contexts but also integrate it with other elements of their energy systems through harnessing complementarities between existing policies. The integrated model therefore includes additional modules: rationalising end user prices, improving energy efficiency, integrating renewables, and collapsing the “silos” between different energy vectors. The success of the extended reform model, however, is crucially contingent upon taking into account three particular factors in its implementation. First, reforming energy prices requires a better understanding of the underpinning logic of subsidies beyond popular justifications around the “social contract” or “political compact”. Second, energy efficiency is a challenging initiative in the MENA region, which the correction of price signals can only partially resolve, due to other factors that influence it, such as path dependency, market failures and consumer behaviour. And third, incentivising investments in renewable energy requires careful design of the balance of roles between the market and government, as renewable support schemes may lead to an increased role for centralised coordination, thereby contradicting the originally intended objectives of electricity market reform.
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| 2 |
ID:
094397
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| Publication |
2010.
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| Summary/Abstract |
Since the 1960s, the experiences of the North African oil producers of Libya, Algeria, Egypt and Sudan within the oil industry have followed separate paths, which have led them into different relations with foreign oil companies. While reflecting broader trends of "resource nationalism", these relations have also been affected by a number of factors specific to these countries. In tracing the evolution of the oil investment frameworks of these countries, as well as their concomitant relations with IOCs, this paper probes the roles played by these factors and argues that the type and size of remaining reserves as well as the capability of NOCs are likely to determine the most future developments in the region's oil industry.
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