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The impact of oil price fluctuations on common renewable energies in GCC countries

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  • Al-Maamary, Hilal M.S.
  • Kazem, Hussein A.
  • Chaichan, Miqdam T.

Abstract

The decline of petroleum resources is a real problem that needs to be addressed by the non-renewable energy policies applied by world governments. Renewable energies such as solar and wind sources, nuclear power, or hydrogen fuel cells may become viable alternatives to conventional fuel in the future. This study reviews the conditions of the world's leading oil producers for the coming 50 years, i.e. the Gulf Cooperation Council (GCC) countries. On the other hand, this study clarifies the share of renewable energies today and how it will continue to increase steadily.

Suggested Citation

  • Al-Maamary, Hilal M.S. & Kazem, Hussein A. & Chaichan, Miqdam T., 2017. "The impact of oil price fluctuations on common renewable energies in GCC countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 989-1007.
    • Handle: RePEc:eee:rensus:v:75:y:2017:i:c:p:989-1007
    DOI: 10.1016/j.rser.2016.11.079
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