GCC Countries Strategic Options in a Global Transition to Zero-Net Emissions

Frédéric Babonneau, Ahmed Badran, Alain Haurie, Maxime Schenckery and Marc Vielle
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Frédéric Babonneau: ORDECSYS / EPFL - EPFL - Ecole Polytechnique Fédérale de Lausanne, UNIGE - Université de Genève = University of Geneva, Kedge Business School [Talence]
Ahmed Badran: Qatar University
Alain Haurie: ORDECSYS / EPFL - EPFL - Ecole Polytechnique Fédérale de Lausanne, UNIGE - Université de Genève = University of Geneva, GERAD - Groupe d’études et de recherche en analyse des décisions - EPM - École Polytechnique de Montréal - McGill University = Université McGill [Montréal, Canada] - HEC Montréal - HEC Montréal - UQAM - Université du Québec à Montréal = University of Québec in Montréal
Maxime Schenckery: IFPEN - IFP Energies nouvelles, IFP School

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Abstract: Using a multi-level perspective approach combined with top-down macroeconomic models, we analyze the situation of the GCC countries in the perspective of a global transition to zero-net emissions before the end of the century. Based on these analyses, we propose strategic and political options for these oil and gas exporting countries. We show that it would be unwise for GCC member states to adopt an obstructionist strategy in international climate negotiations. On the contrary, these countries could be proactive in developing international emissions trading market and exploiting negative emissions obtained from CO2 direct reduction technologies, in particular direct air capture with CO2 sequestration, and thus contribute to a global net-zero-emissions regime in which clean fossil fuels are still used.

Keywords: Net-Zero emissions; Multi-level perspective approach; Macroeconomic modeling; GCC countries; Carbon dioxide removal; Financial compensation; Energy policy (search for similar items in EconPapers)
Date: 2023-10
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Published in Environmental Modeling & Assessment, 2023, 28 (5), pp.709-733. ⟨10.1007/s10666-023-09904-2⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04484364

DOI: 10.1007/s10666-023-09904-2

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