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Energy and Environment in Saudi Arabia: Concerns & Opportunities

  • Nahed Taher
  • Bandar Hajjar

Table of contents

  1. Front Matter
    Pages i-xxxi
  2. Nahed Taher, Bandar Hajjar
    Pages 27-51
  3. Nahed Taher, Bandar Hajjar
    Pages 53-93
  4. Nahed Taher, Bandar Hajjar
    Pages 95-115
  5. Nahed Taher, Bandar Hajjar
    Pages 117-160
  6. Nahed Taher, Bandar Hajjar
    Pages 161-182
  7. Back Matter
    Pages 183-203

About this book

Introduction

The vast oil resources in Saudi Arabia have for decades encouraged a generous system of oil subsidies, making the Kingdom one of the leading countries in the world with the cheapest domestic price of oil. Such subsidies have, however, encouraged inefficient utilization of oil, which is largely consumed in the power, water and transportation sectors, contributing substantially to CO2 emission in the country. These problems are exacerbated by demographic dynamics, urbanization, changes in income and consumption patterns, and industrialization. On current trends of domestic consumption patterns, Saudi Arabia will consume the whole of the oil it will produce by 2030, which will reflect negatively on the financial capacity of the government to execute its development programs. It is this revenue constraining concern, rather than ecological challenges, that has started to attract policy attention in Saudi Arabia. This book gives a unique perspective on these challenges by looking at them as investment opportunities, not financial constraints on the government budget. It sets out to examine the nature and extent of the energy and environmental challenges facing Saudi Arabia, and to explore various options for turning these challenges into profitable investment opportunities that could create jobs, boost income, develop capability in clean energy technology and promote environmental sustainability.

Keywords

CO2 emission Green energy Oil Renewable energy Saudi Arabia Sustainable energy

Authors and affiliations

  • Nahed Taher
    • 1
  • Bandar Hajjar
    • 2
  1. 1.Gulf One Investment BankManamaSaudi Arabia
  2. 2.JeddahSaudi Arabia

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-02982-5
  • Copyright Information Springer International Publishing Switzerland 2014
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-02981-8
  • Online ISBN 978-3-319-02982-5
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking