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| 1 |
ID:
177122
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| Summary/Abstract |
The paper reviews the current and future state of renewable energy (RE) utilization in the Gulf Cooperation Council (GCC) countries and explores each country's potential in harnessing RE. It highlights on the social, political, and economic factors that drive these countries towards RE adoption. The paper shows that while some countries in the GCC are striding ahead in RE installations, others are lagging as their current RE capacities are not at par with the global capacities. The paper lays out the RE goals of each GCC country and explores the scope, methods, and feasibility of generating energy from solar and wind resources. The paper also shows how GCC countries can achieve their 2030 RE goals by proactively utilizing their abundant RE reserves. Furthermore, it attempts to draw a comparison on each GCC country's currently installed RE capacity, the capacity based on RE project pipelines, and the capacity estimates of each country in 2030 based on International Renewable Energy Agency (IRENA) projections. The paper provides a broad view on the possibilities, factorable stances, and projections for RE adoption to benefit policymakers.
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| 2 |
ID:
186489
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| Summary/Abstract |
Renewable energy is a key component for increasing resilience and limiting climate change, along with ecological benefits and energy independence for developed and less developed countries alike. Surprisingly, the expansion of wind and solar energy capacity varies tremendously between countries, even considering the different economic and natural conditions. While some countries have changed their energy mix to a substantial extent, others have not yet unlocked their potential for renewable energies. Our paper thus asks for diverse factors explaining varying patterns of renewable energy potential exploitation from 2010 to 2019. Besides structural conditions and general political factors, we focus on specific regulatory, market, and funding policy instruments packages. We find that while regulatory and market instruments, as well as electoral democracy and government effectiveness matter for the expansion of wind and solar electricity production, high oil rents seem to counteract it. While regulatory instruments played a crucial role in the ‘implantation phase’ at the beginning of the 2010s, its impact declined over time while market instruments' effect increased over the ‘sprouting phase’ years of 2010s. This points to an increased market-readiness of the technology following years of market penetration
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