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Emre Hatipoglu: Geopolitics of the Energy Transition in the GCC
Will the energy transition perturbate geopolitics in the GCC? My answer is yes, and that answer rests on three observations. First, the region is cognizant of the threats that climate change poses to human security. Second, a global energy transition will increase the premium on low-cost and low-carbon-footprint GCC oil, hence increasing the opportunity cost of consuming this oil domestically. In tandem, the energy transition constitutes an attractive area of investment for countries seeking to diversify their economic base. The resulting interest in renewable energy has the potential to create geopolitical challenges in border territories and exclusive economic zones. Other challenges relate to the regional governance of electricity trade and the global trade in renewables equipment. Renewables may also play an important role in post-conflict recovery in many parts of MENA, which are of interest to GCC.
Dr. Emre Hatipoglu is a Fellow at King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh, where he leads the project on Energy Markets and Geopolitics. As a political scientist, he has published extensively on energy, foreign policy, and international conflict.
The discussant of Dr Hatipoglu is Dr. Khalid Kiswani, Associate Professor of Business Studies at GUST.