Prospects of GCC energy policy
The article presents an analysis of the energy sector of the Gulf Cooperation Council (hereinafter referred to as GCC) and examines some aspects of its development. The paper analyzes the role of energy in the economic systems of the Arab countries of the Persian Gulf, identifies the features of the...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2023-05-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/4397 |
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| author | P. S. Prokopiev |
| author_facet | P. S. Prokopiev |
| author_sort | P. S. Prokopiev |
| collection | DOAJ |
| description | The article presents an analysis of the energy sector of the Gulf Cooperation Council (hereinafter referred to as GCC) and examines some aspects of its development. The paper analyzes the role of energy in the economic systems of the Arab countries of the Persian Gulf, identifies the features of the economic strategies of regional players in modern macroeconomic and geopolitical conditions. Some factors influencing the energy sector in the GCC countries are considered. Among them, financial and economic dependence on oil and gas revenues towards country budgets and the peculiarity of the demographic factor in the energy policy of GCC countries are noted. The article analyzes the role of renewable energy sources in the energy policy of the GCC countries within the framework of the strategic development programs of the states; systematizes various factors limiting the development of renewable energy in the Persian Gulf. The article concludes with the prospects for further development of energy policy in the region, taking into account modern challenges and trends. |
| format | Article |
| id | doaj-art-27489bc6086b468ea6771c4551228161 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2023-05-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-27489bc6086b468ea6771c45512281612025-02-04T08:28:16ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-05-010312713410.26425/1816-4277-2023-3-127-1342739Prospects of GCC energy policyP. S. Prokopiev0Financial University under the Government of the Russian FederationThe article presents an analysis of the energy sector of the Gulf Cooperation Council (hereinafter referred to as GCC) and examines some aspects of its development. The paper analyzes the role of energy in the economic systems of the Arab countries of the Persian Gulf, identifies the features of the economic strategies of regional players in modern macroeconomic and geopolitical conditions. Some factors influencing the energy sector in the GCC countries are considered. Among them, financial and economic dependence on oil and gas revenues towards country budgets and the peculiarity of the demographic factor in the energy policy of GCC countries are noted. The article analyzes the role of renewable energy sources in the energy policy of the GCC countries within the framework of the strategic development programs of the states; systematizes various factors limiting the development of renewable energy in the Persian Gulf. The article concludes with the prospects for further development of energy policy in the region, taking into account modern challenges and trends.https://vestnik.guu.ru/jour/article/view/4397gccenergy policyrenewable energy resourcesoileconomic integration |
| spellingShingle | P. S. Prokopiev Prospects of GCC energy policy Вестник университета gcc energy policy renewable energy resources oil economic integration |
| title | Prospects of GCC energy policy |
| title_full | Prospects of GCC energy policy |
| title_fullStr | Prospects of GCC energy policy |
| title_full_unstemmed | Prospects of GCC energy policy |
| title_short | Prospects of GCC energy policy |
| title_sort | prospects of gcc energy policy |
| topic | gcc energy policy renewable energy resources oil economic integration |
| url | https://vestnik.guu.ru/jour/article/view/4397 |
| work_keys_str_mv | AT psprokopiev prospectsofgccenergypolicy |