Abstract
The GCC region, significantly dependent on hydrocarbon exports, confronts pressing problems stemming from global transitions to net-zero emissions, jeopardizing economic stability and necessitating revolutionary energy and fiscal plans. This paper analyses three scenarios—Business-as-Usual, Renewable Transition, and Carbon Management—to assess their effects on the GCC’s GDP growth, fiscal balance, oil revenues, and carbon emissions from 2025 to 2050. The findings indicate that a deliberate combination of renewable energy investments, carbon capture technologies, and international partnerships produces the most equitable benefits, fostering economic growth while minimizing emissions.
| Original language | English |
|---|---|
| Title of host publication | IEEE Global Energy Conference 2024, GEC 2024 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Pages | 87-92 |
| Number of pages | 6 |
| ISBN (Electronic) | 9798331532611 |
| DOIs | |
| State | Published - 2024 |
| Event | 2024 IEEE Global Energy Conference, GEC 2024 - Batman, Turkey Duration: 4 Dec 2024 → 6 Dec 2024 |
Publication series
| Name | IEEE Global Energy Conference 2024, GEC 2024 |
|---|
Conference
| Conference | 2024 IEEE Global Energy Conference, GEC 2024 |
|---|---|
| Country/Territory | Turkey |
| City | Batman |
| Period | 4/12/24 → 6/12/24 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy -
SDG 8 Decent Work and Economic Growth -
SDG 13 Climate Action
Keywords
- carbon capture and storage fiscal diversification
- carbon market
- economic resilience
- net-zero emissions
- renewable energy
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