Investing for Energy Productivity in the GCC – Financing the Transition

Steven Fawkes, Nicholas Howarth, Moncef Krarti and Padu Padmanabhan
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Padu Padmanabhan: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: An unprecedented infrastructure investment boom occurred in the Gulf Cooperation Council (GCC) in the first part of the 21st century. Strong public capital spending supported by high energy prices provided governments with an opportunity to accelerate economic diversification and infrastructure investment, lifting economic growth and per capita incomes. The 2014 collapse in oil prices created an added impetus for a transition to a more sustainable growth model less dependent on volatile energy markets. Here we make the case for a greater focus on energy productive investment to drive this transition.

Keywords: Capital Investment; Economic Diversification; Energy Audits; Energy Markets; Energy Prices; Energy Productive Investment; Energy Service Company (ESCO); Gulf Cooperation Council (GCC); Infrastructure Investment; Public Financing; Public Private Partnerships; Vision 2030 (search for similar items in EconPapers)
Pages: 48
Date: 2016-09-02
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