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The Energy Transition and Export Diversification in Oil-Dependent Countries: The Role of Structural Factors

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  • Fatih Karanfil
  • Luc Desire Omgba

    (King Abdullah Petroleum Studies and Research Center)

Abstract

The energy transition toward decarbonization is expected to impact producers of fossil fuels. However, oil-exporting countries are currently key players in the modern economy. Thus, the energy transition will not be successful if state revenues in these countries are not stably maintained. These countries can protect themselves against revenue volatility and mitigate carbon risk by diversifying their economies. However, export diversification appears to be particularly challenging for many oil-producing countries.

Suggested Citation

  • Fatih Karanfil & Luc Desire Omgba, 2023. "The Energy Transition and Export Diversification in Oil-Dependent Countries: The Role of Structural Factors," Discussion Papers ks--2022-dp21, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2022-dp21
    DOI: 10.30573/KS--2022-DP21
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    1. Mahammad Nuriyev & Aziz Nuriyev & Jeyhun Mammadov, 2023. "Renewable Energy Transition Task Solution for the Oil Countries Using Scenario-Driven Fuzzy Multiple-Criteria Decision-Making Models: The Case of Azerbaijan," Energies, MDPI, vol. 16(24), pages 1-22, December.

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    More about this item

    Keywords

    Adaptation; Circular Carbon Economy; Climate change; Competitiveness;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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