Research on the Implications of the Energy Transition in the Middle East

Abstract

This paper critically examines the implications of the energy transition in the Middle East, a region historically reliant on fossil fuel revenues. The research explores the economic, technological, social, and geopolitical impacts of shifting from conventional energy sources to renewable alternatives. Through a detailed analysis, the study highlights the region's involvement in solar and wind energy projects, reflecting an emerging awareness of environmental sustainability. The regional objectives include reducing domestic fossil fuel consumption and curbing exports of oil and gas. While the transition offers significant potential for sustainable development, it also uncovers considerable challenges, particularly financial constraints, social acceptance issues, and political hurdles, as evidenced by comprehensive case studies. The paper advocates for a phased approach to achieving a greener energy sector, emphasizing the necessity of financial support, social initiatives, and political reforms. By situating the energy transition within a regional context, this study provides valuable insights for stakeholders and policymakers, offering a holistic perspective on the path toward sustainable growth.