Full Title: Saving Oil and Gas in the Gulf
Author(s): Glada Lahn, Paul Stevens and Felix Preston
Publisher(s): Chatham House
Publication Date: August 1, 2013
Full Text: Download Resource
Description (excerpt):
The systemic waste of oil and gas in the Gulf is eroding economic resilience to shocks and increasing security risks, including to citizens’ health. Success or failure in setting and meeting sustainable energy goals in the Gulf Cooperation Council (GCC) countries will have a global impact.
The report proposes specific measures that should be investigated at the GCC level, including the potential for setting common prices for electricity trading and fuel. Countries should cooperate to establish common appliance efficiency standards for buildings, appliances and vehicles, with air conditioning a priority area. Establishing a common buildings code and building materials standard could bring step changes in energy and water efficiency. This would reduce costs for each country and allow the region to punch above its weight internationally in emissions reduction commitments.
This is the first report to offer practical recommendations that address the key challenges of governance, political commitment and market incentives from a GCC-wide perspective. It draws on the results of two years of research and workshops in the region, with representatives of over 60 local institutions with a critical interest in and influence over domestic energy.