The energy transition process depends on investments in clean technologies to cut down carbon emissions in various sectors of the economy. In a new working paper, visiting research fellow Osamah Alsayegh focuses on Arab Gulf states as a case study and proposes policies to mitigate the potential negative impacts of the transition process on affected sectors.
Governments in the Gulf Cooperation Council have used oil revenues to provide infrastructure to promote welfare, such as health care, education and public sector jobs, writes the author.
This working paper is part of a series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”
This working paper constructs a new general equilibrium model of the U.S. economy that is better able to analyze energy and gross receipts taxes than previous models.