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New Energy Sources for Jordan: Macroeconomic Impact and Policy Considerations

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  • Mr. Andrea Gamba

Abstract

Jordan’s initiatives to reduce its energy dependency could have substantial macroeconomic implications, but will crucially depend on the level of international oil prices in the next decade. Significant uncertainties remain regarding the feasibility of the initiatives and their potential fiscal costs, including from contingent liabilities, could be very large. Given the lead time required for such major investments, work should start now on: (i) conducting comprehensive cost-benefits analysis of these projects; (ii) addressing the challenges arising from the taxation of natural resources; and (iii) designing a fiscal framework to anchor fiscal policies if revenue from these energy projects materializes.

Suggested Citation

  • Mr. Andrea Gamba, 2015. "New Energy Sources for Jordan: Macroeconomic Impact and Policy Considerations," IMF Working Papers 2015/115, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2015/115
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=42965
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    Cited by:

    1. Saadeh, Mahmood Shihadeh & Dalala, Zakariya & Saadeh, Osama & Niet, Taco, 2023. "A baseline long term technoeconomic electricity supply model for highly regulated fuel importing countries prone to shortages: Case of Jordan," Energy, Elsevier, vol. 281(C).
    2. Hamed, Tareq Abu & Bressler, Lindsey, 2019. "Energy security in Israel and Jordan: The role of renewable energy sources," Renewable Energy, Elsevier, vol. 135(C), pages 378-389.
    3. Mohamed R. Gomaa & Hegazy Rezk & Ramadan J. Mustafa & Mujahed Al-Dhaifallah, 2019. "Evaluating the Environmental Impacts and Energy Performance of a Wind Farm System Utilizing the Life-Cycle Assessment Method: A Practical Case Study," Energies, MDPI, vol. 12(17), pages 1-25, August.

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