We are delighted to be hosting a blog post from Dr Aisha Al-Sarihi, who is currently a visiting scholar at the Arab Gulf States Institute in Washington. Having recently earned her PhD at Imperial College London investigating the challenges and opportunities for adopting renewable energy in Oman she has sent us a really interesting blog on the impacts of carbon pricing on some of the oil-rich countries around the Persian Gulf.
Dubai at night
The Arab Gulf States – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE –are highly vulnerable to oil price shocks due to their high economic reliance on oil and gas export revenues. Historically, oil price shocks have been a source of pressure on the Arab Gulf States economies. However, only since mid-2014 have oil prices seemed to pressure on political regimes to consider domestic economic reforms and development of alternative sources of income (i.e…
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