Energy Transition in Saudi Arabia: Key Initiatives and Challenges

Belaid Fateh and Aisha Al-Sarihi

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Abstract: The global energy sector is undergoing a rapidly accelerating transition. This accelerated path is motivated by a range of drivers. Tackling climate change is a critical consideration among these drivers, but policy makers and governments are faced with other priorities, including ensuring affordable energy supply, energy security, and energy access to everyone. Fossil fuel will continue to play a role in meeting future increasing energy demand. Two key energy policies to tackle change are: energy efficiency and renewable energy. Within this context, this analysis intends to: (1) explore the ongoing energy transition in Saudi Arabia; (2) examine the role of renewable energy in achieving the sustainability goals in Saudi Arabia. The results have important policy implications , highlighting how aggressive energy transition initiatives may achieve sustainability and climate goals in the context of very active and engaged economy in the energy transition. It can help policy-makers design effective mitigation policies and consider renewable energy as a vehicle for tackling climate change and building a better future.

Keywords: Energy transition; Renewable energy; Sustainability; Climate change; Saudi Arabia (search for similar items in EconPapers)
Date: 2022-01
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Published in International Association for Energy Economics, 2022

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04542377

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