Assessing the Role of Renewables in Reducing Emissions in the Saudi Power Sector Using Mixed-Integer Optimization

Elshurafa, Amro M.; Atawi, Hatem Al; Soummane, Salaheddine; Felder, Frank A.

doi:10.30573/ks--2021-dp08

Cited by 2 publications

(1 citation statement)

References 42 publications

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“…Despite the promise of a renewables-based economy, various challenges can be anticipated. Low market prices for oil and gas will reduce state revenues to finance the transition, and favour the burning of fossil fuels locally rather than investing in renewables 213 . Concerns over jeopardising existing investments in the petroleum sector (many concessions for oil fields have multi-decadal contractual obligations, and production assets also typically have multi-decadal lifespans), and the risk of creating stranded assets and writing-off billions of dollars of investments in the region will affect the speed of the transition 130 .…”

Section: Energy Transition (3ci Sector Overview)mentioning

confidence: 99%

COP26 Visions for a Net Zero Future – Regional Profile for the Arabian Peninsula

Short

Molini

Santamarina

et al. 2021

Preprint

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This regional profile for the Arabian Peninsula was developed in the context of the BEIS COP26 Visions for a Net Zero Future project. It covers the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA), and has been developed with the input from in- country academic experts Prof. Annalisa Molini and Mr Luiz Friedrich (Khalifa University, UAE) and Prof. Juan Carlos Santamarina (King Abdullah University of Science and Technology, KSA). It sets out a synthesis of the available evidence base on regional challenges and opportunities for mitigation, adaptation, and resilience measures for both KSA and UAE and the wider Arabian Peninsula associated with climate change and a global transition to an inclusive, desirable, and resilient net-zero future.

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Section: Energy Transition (3ci Sector Overview)mentioning

confidence: 99%

COP26 Visions for a Net Zero Future – Regional Profile for the Arabian Peninsula

Short

Molini

Santamarina

et al. 2021

Preprint

View full text Add to dashboard Cite

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Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

Almutairi,

Galeotti,

Manzano

et al. 2024

The Energy Journal

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We assess the extent to which the implementation of Vision 2030 policies enhances the Saudi economy’s resilience to oil shocks. Using a dynamic stochastic general equilibrium model that captures the country’s economic diversification policies, we build a resilience index based on impulse responses to shocks. The policies considered have two opposite effects: reforming domestic energy prices, deploying renewables and introducing a value-added tax increase the volatility of macroeconomic aggregates, whereas economic diversification policies stabilize the economy. Overall, with Vision 2030 the economy’s resilience to oil price shocks increases by 10 to 60 percent, depending on how labor market rigidities and the recycling of fiscal revenues are accounted for. Oil prices remain the main driver of macroeconomic fluctuations. Our analysis shows that an oil-exporting country should design policy packages that balance structural reforms with economic diversification, in order to shield its economy against oil shocks while generating long-term welfare gains. JEL Classification: D58, E13, E32, E37, E65, H30, H50, Q43

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Assessing the Role of Renewables in Reducing Emissions in the Saudi Power Sector Using Mixed-Integer Optimization

Abstract: Renewable energy (RE) technologies are viewed as a critical means of reducing power sector-related emissions. Using mixed-integer optimization, we evaluate the extent to which renewable energy reduces carbon emissions in the Saudi power sector.

Cited by 2 publications

References 42 publications

COP26 Visions for a Net Zero Future – Regional Profile for the Arabian Peninsula

COP26 Visions for a Net Zero Future – Regional Profile for the Arabian Peninsula

Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

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