publication . Article . 2017

Oil subsidies and renewable energy in Saudi Arabia:a general equilibrium approach

Blazquez, J; Hunt, Lester; Manzano, B;
Open Access English
  • Published: 01 Jun 2017
  • Country: United Kingdom
In 2016, the Kingdom of Saudi Arabia (KSA) announced its Vision 2030 strategic plan incorporating major changes to the economic structure of the country, including an intention to deploy 9.5 GW of renewable energy in an effort to reduce the penetration of oil in the electricity generation system. This paper assesses the macroeconomic impact of such changes in the KSA, coupled with reductions in implicit energy subsidies. Based on a dynamic general equilibrium model, our analysis suggests that if the KSA government were to deploy a relatively small quantity of renewable technology, consistent with the country’s Vision 2030 plans, there would be a positive impact ...
free text keywords: energy transition, general equilibrium model, implicit oil subsidy, oil exports, renewable penetration, Saudi Arabia, welfare costs, /dk/atira/pure/subjectarea/asjc/2000/2002, Economics and Econometrics, /dk/atira/pure/subjectarea/asjc/2100, Energy(all)
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