Gulf States and the Challenges of Energy Transformations

The Gulf states, as a center for oil and gas production, face the challenge of adapting to an increasingly uncertain energy landscape as new resources arrive in the market, and the reverberations of unstable demand and turbulent geostrategic conditions. The great challenge for these countries, in which social peace depends on unlimited consumption of subsidized energy, is to reduce consumption and develop alternative energy sources to conserve traditional fuels for export. The effects of these transformations are significant today, and the economic, social and political stability of these countries, as well as their ability to remain major players in the global energy system is at stake. Renewable energy policies, tailored to the unique political, economic and social conditions of each country, need to translate aspirations into swift practical action to succeed and rejuvenate the option of cooperation within a productive institutional framework.

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Abstract

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The Gulf states, as a center for oil and gas production, face the challenge of adapting to an increasingly uncertain energy landscape as new resources arrive in the market, and the reverberations of unstable demand and turbulent geostrategic conditions. The great challenge for these countries, in which social peace depends on unlimited consumption of subsidized energy, is to reduce consumption and develop alternative energy sources to conserve traditional fuels for export. The effects of these transformations are significant today, and the economic, social and political stability of these countries, as well as their ability to remain major players in the global energy system is at stake. Renewable energy policies, tailored to the unique political, economic and social conditions of each country, need to translate aspirations into swift practical action to succeed and rejuvenate the option of cooperation within a productive institutional framework.

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