Abstract

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to find a new growth model which increases the welfare of their citizens, while reducing exposure to volatile energy markets. This paper argues that placing energy productivity at the heart of such a new growth paradigm offers a compelling path forward to strengthen economic diversification, energy efficiency and innovation efforts.

Authors

Marzio Galeotti

Marzio Galeotti

Visiting Researcher Marzio is professor of Environmental and Energy Economics at the University of Milan and a visiting researcher at KAPSARC. He…

Expertise

  • Environment and growth
  • energy modeling
  • energy sources
  • economics of climate change
  • green growth
  • investment
  • productivity
  • factor demands
  • innovation and technological change
  • production theory

Publications See all Marzio Galeotti’s publications

The impact of economic growth on CO2 emissions in Azerbaijan

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to…

June 1, 2018

Decoupling of CO2 emissions and GDP: A time-varying cointegration approach

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to…

June 1, 2018
Nicholas Howarth

Nicholas Howarth

Research Fellow Nicholas is an applied economist specializing in economic growth, energy and natural resource and environmental economics. He is currently leading…

Expertise

  • Energy and climate economics and policy
  • energy efficiency
  • energy productivity
  • technology
  • innovation
  • finance
  • investment
  • industrial policy and sustainable development

Publications See all Nicholas Howarth’s publications

How does Saudi Arabia’s recent energy performance compare with other G20 countries?

How does Saudi Arabia’s recent energy performance compare with other G20 countries?

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to…

August 20, 2019
Estimating the Multiple Benefits of Building Energy Efficiency in GCC Countries Using an Energy Productivity Framework

Estimating the Multiple Benefits of Building Energy Efficiency in GCC Countries Using an Energy Productivity Framework

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to…

January 14, 2019
Alessandro Lanza

Alessandro Lanza

Visiting Researcher Alessandro is a visiting researcher and a professor of energy and environmental policy at LUISS University. He has held the…

Expertise

  • Energy markets
  • environmental policy
  • environment and growth
  • energy modeling
  • energy sources
  • economics of climate change

Publications See all Alessandro Lanza’s publications

Toward Economic Prosperity Through Industrial Energy Productivity Improvement

Toward Economic Prosperity Through Industrial Energy Productivity Improvement

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to…

February 19, 2018

A global degree days database for energy-related applications

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to…

January 15, 2018
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