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Exploring the Impact of Renewable Energy on Climate Change in the GCC Countries

Author

Listed:
  • Amira Kasem

    (Department of Economics, Kuwait University, Kuwait)

  • Mohammad Alawin

    (Department of Economics, Kuwait University, Kuwait)

Abstract

This study provides a theoretical framework for the role of renewable energy in mitigating the climate change in the Gulf Cooperation Council (GCC) countries. The abundancy of renewable resources and widely accessible technology are the key drivers for the renewable energy business in the GCC. However, lack of effective policies and regulations, along with subsidized fuel prices, are slowing down the implementation of renewable resource options. This study will illustrate the potential, the challenges, and the barriers of implementing renewable energy technologies in the GCC region. In addition, this research empirically examines the impact of Renewable Energy Sources (RSS) and other factors in the GCC countries in reducing the carbon dioxide emissions, using pooled OLS regression analysis with fixed effect specification. The results indicate that renewable energy consumption, GDP per capita, and electrical power consumption have a statistically significant impact on CO2 emissions.

Suggested Citation

  • Amira Kasem & Mohammad Alawin, 2019. "Exploring the Impact of Renewable Energy on Climate Change in the GCC Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 124-130.
    • Handle: RePEc:eco:journ2:2019-06-16
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    References listed on IDEAS

    as
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    3. Mustapha Ben Hassine & Nizar Harrathi, 2017. "The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 76-85.
    4. Abdullahi Abubakar Mas’ud & Asan Vernyuy Wirba & Saud J. Alshammari & Firdaus Muhammad-Sukki & Mu’azu Mohammed Abdullahi & Ricardo Albarracín & Mohammed Ziaul Hoq, 2018. "Solar Energy Potentials and Benefits in the Gulf Cooperation Council Countries: A Review of Substantial Issues," Energies, MDPI, vol. 11(2), pages 1-20, February.
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    Cited by:

    1. Ricardo Moreno & Diego Larrahondo, 2021. "The First Auction of Non-Conventional Renewable Energy in Colombia: Results and Perspectives," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 528-535.
    2. Mehdi Bensouda & Mimoun Benali, 2023. "From Fairly Good to Optimal Energy Efficiency Practices within the Moroccan Manufacturing Sector: Are Financial Resources Sufficient?," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 478-488, May.
    3. Diego Larrahondo & Ricardo Moreno & Harold R. Chamorro & Francisco Gonzalez-Longatt, 2021. "Comparative Performance of Multi-Period ACOPF and Multi-Period DCOPF under High Integration of Wind Power," Energies, MDPI, vol. 14(15), pages 1-15, July.
    4. Farkhod Aminjonov, 2020. "Policy Innovations and Rationale for Sustainable Energy Transition in the UAE," Social Science Quarterly, Southwestern Social Science Association, vol. 101(7), pages 2398-2412, December.

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    More about this item

    Keywords

    Renewable Energy; Electrical Power; GCC Countries;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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