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Impacts of Global Climate Policies on Middle Eastern Oil Exporters: A Review of Economic Implications and Mitigation Strategies

Author

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  • Salaheddine Soummane
  • Aisha Al-Sarihi

    (King Abdullah Petroleum Studies and Research Center)

Abstract

Climate policies are tightening in an effort to curb carbon dioxide emissions. As a result, global oil demand may peak and gradually decline, causing oil prices to fall. A structural fall in oil prices may have serious implications for Middle Eastern oil exporters. Many studies attempt to estimate the economic implications of climate change response measures for oil exporting countries. However, they have not reached a consensus regarding the magnitude of these implications.

Suggested Citation

  • Salaheddine Soummane & Aisha Al-Sarihi, 2023. "Impacts of Global Climate Policies on Middle Eastern Oil Exporters: A Review of Economic Implications and Mitigation Strategies," Discussion Papers ks--2022-dp16, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2022-dp16
    DOI: 10.30573/KS--2022-DP16
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