The Context of Fossil-Fuel Subsidies in the GCC Region and Their Impact on Renewable Energy Development
This discussion paper looks at fossil-fuel pricing and subsidies in the political, social and economic context of Gulf Cooperation Council (GCC) countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
It provides an overview of IEA and IMF estimates of fossil-fuel subsidies in GCC countries, as well as additional GSI price-gap calculations on subsidies for gasoline and diesel used as transport fuels and electricity generation. The paper then analyzes the impact that fossil-fuel subsidies have on renewable energy development in the region. It finds that even partial reform of fossil-fuel subsidies would assist GCC countries in meeting their economic, fiscal, social and environmental objectives, but that political opposition to increased energy prices is a key barrier to change.
You might also be interested in
Energy Pricing Reforms in the Gulf: A trend but not (yet) a norm
This GSI paper summarizes recent fossil fuel subsidy reforms in the Gulf countries of Bahrain, Kuwait, Oman, Saudi Arabia, United Arab Emirates and Qatar, putting them in the context of wider developmental challenges and calling for more focused international support to energy pricing reforms in the region.
How Jharkhand's rich households corner power subsidies worth Rs 300 cr
Jharkhand's electricity consumers received a total subsidy worth Rs 1,250 crore ($170 million) during April 2018-March 2019 (or financial year 2018-19).
Tenth of pandemic stimulus spend could help world reach climate goals
The world could get on track to avert catastrophic climate change by investing a tenth of a planned $12 trillion in pandemic recovery packages in reducing dependence on fossil fuels.
BC NDP pledges to review oil and gas royalties
Buried deep in the platform the BC NDP released last week is a single line that could have long-term implications for government revenue and the natural gas and LNG industry.