GCC; Policies; Renewable Energy; Regulatory framework
The development of Renewable Energy Technologies (RETs) is now widely recognized as not only a crucial component in providing an integrated solution to limit GreenHouse Gas (GHG) emissions, but also it is an important opportunity to foster innovation and promote economic growth while enhancing access to secure, clean, and affordable energy.
Fig. 1. Justification for moving toward the use of alternative SNDX-275 in the GCC region .Figure optionsDownload full-size imageDownload as PowerPoint slide
Taking into account the different stages of development and the specifications of each country from the Gulf region, energy policies are considered to be the first step into overcoming the future energy sector challenges in the Gulf. In fact, the overall goal of RE policies is to accelerate efforts on the deployment of a specific technology.
The regulatory framework consists on a strategy describing the mechanisms and methods to be taken in order to achieve agreed goals on a defined schedule. It defines the technical, political, legal, financial, market and organizational barriers that lie before these goals, and the range of known solutions to overcome them.