Renewable Energy Across the MENA Region
Type
E-journal
Date
28 Feb 2013
Jurisdiction
Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen, Tanzania
Taxonomy
General Environmental Law, General Natural Resources, Energy & Utilities Law
Copyright
LexisNexis
Relevant company
Clyde & Co
Analysis
For some time now, governments in the Middle East and North Africa (MENA Region) have been under pressure to diversify their energy portfolios by bringing in alternative sources of energy to supplement traditional fossil fuel power. Although renewable energy sources are an obvious means by which this diversification can be achieved, to date, the adoption of renewable energy across the MENA Region has been slow.
The reasons for this lack of progress include lack of fair and reasonable feed-in tariffs for renewable energy sources, government subsidies on fossil fuel resources creating barriers to entry, in places, a lack of necessary external investment in the sector, and a lack of urgency and impetus to implement the energy diversification programs.
However, recent policy announcements by a number of governments across the MENA region suggest a new approach - that renewable energy, and clean, efficient technologies, will be a major part of a more diversified energy portfolio in the changing landscape of energy in the region.