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OPEC: How to transition from black to green gold

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  • Wittmann, Nadine

Abstract

Global discussions on the reduction of Co2 emissions and the increasing interest in alternative energy sources and production technologies have started to concern oil exporting nations. International discussions on projects such as Desert Tec might also have sparked their interest to explore a possible diversification of their energy resource production portfolio. However, extremely low in-country retail prices of fossil fuels to date present a significant economic hurdle to such developments. This paper uses a formal model setup accompanied by intuitive graphical illustrations as well as a numerical example to analyze fossil fuel abundant nations′ potential to transition to a supplier of renewable energy as well as possible pitfalls resulting from their status quo situation.

Suggested Citation

  • Wittmann, Nadine, 2013. "OPEC: How to transition from black to green gold," Energy Policy, Elsevier, vol. 62(C), pages 959-965.
    • Handle: RePEc:eee:enepol:v:62:y:2013:i:c:p:959-965
    DOI: 10.1016/j.enpol.2013.07.109
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    Cited by:

    1. Smeets, Niels, 2017. "Similar goals, divergent motives. The enabling and constraining factors of Russia's capacity-based renewable energy support scheme," Energy Policy, Elsevier, vol. 101(C), pages 138-149.
    2. Heubaum, Harald & Biermann, Frank, 2015. "Integrating global energy and climate governance: The changing role of the International Energy Agency," Energy Policy, Elsevier, vol. 87(C), pages 229-239.
    3. Alsadi, Hanan, 2020. "Potential Influences on the Prospect of Renewable Energy Development in OPEC Members," OSF Preprints mhca2, Center for Open Science.

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