Middle East and Africa Renewable Energy Policy Handbook 2017

Published: June 2017
No. of Pages: 89
    ReportsandReports

Middle East and Africa Renewable Energy Policy Handbook 2017

Summary

Renewable energy represents a possible solution to two major global issues: global warming and diminishing fossil fuel reserves. It is sustainable and clean, generally emitting no or very little CO2, and these factors have led major countries to shift their focus toward the development of renewable energy sources. Renewable energy has the potential to boost the global economy. However, the most important challenge in the deployment of renewable energy is that it is more expensive than conventional fuels. In order to make renewable energy competitive, it is necessary for governments to provide support in the form of favorable policies and incentives.

Renewable energy has a mixed market outlook in the Middle East and Africa (MEA) region like the economies in the region themselves. While some countries are reluctant to develop renewable energy due to abundance in conventional resources and some countries just cannot afford to support the development of renewable energy; some countries are proactively doing the same in order to reduce GHG emissions and appease international corridors. Yet, no country in the region is in the list of top renewable energy markets.

Introduction of FITs has played a major role in creating and growing the market for renewable energy in the MEA region. Every country that had introduced an FIT has seen positive effects of the move in the same or subsequent years. Establishing a dedicated agency to coordinate the promotion of one or more renewable technologies has also gone a long way in supporting market growth as seen in the case of Morocco. There was a sharp increase in solar capacity in 2010 after the formation of Moroccan Agency for Solar Energy (MASEN).

Political turmoil has been one of the destabilizing factors in arresting the spread of renewable energy in the Middle East, and African region. Countries such as Iraq and the Syrian Arab Republic in the Middle East, and Angola in Africa which have been torn by local strife, have seen little development of dedicated policies to promote renewable energy.

The report "Middle East and Africa Renewable Energy Policy Handbook 2017" begins with an introduction to renewable energy policy and its importance in making renewable energy sources competitive with conventional energy sources. It then discusses the major renewable energy policies in Middle East and Africa. The report also provides major technology specific policies and incentives provided in the region and helps develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.

Scope

- The report covers policy measures and incentives used in the Middle East and Africa region to promote renewable energy.
- The report details promotional measures in the Middle East and Africa region both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the region.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.
- Identify opportunities and challenges in exploiting various renewable technologies.
- Compare the level of support provided to different renewable energy technologies in the Middle East and Africa region.
- Be ahead of competition by keeping yourself abreast of all the latest policy changes.

Published By: GlobalData
Product Code: GlobalData39711


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