Regional energy and carbon emissions concerns: Towards cleaner energy transition in Middle East and North Africa
Energy efficiency plays a crucial role in enabling a cleaner and more affordable energy transition in the Middle East and North Africa (MENA) region and worldwide. This paper focuses on investigating how MENA countries can attain cleaner and affordable energy through economic policy options. The stu...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-01-01
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| Series: | Social Sciences and Humanities Open |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2590291123003108 |
| _version_ | 1827396992902365184 |
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| author | Md Altab Hossin Patrick Kwashie Akorsu Hermas Abudu |
| author_facet | Md Altab Hossin Patrick Kwashie Akorsu Hermas Abudu |
| author_sort | Md Altab Hossin |
| collection | DOAJ |
| description | Energy efficiency plays a crucial role in enabling a cleaner and more affordable energy transition in the Middle East and North Africa (MENA) region and worldwide. This paper focuses on investigating how MENA countries can attain cleaner and affordable energy through economic policy options. The study employs sustainable development goals variables and applies production and ridge regression analysis techniques to model the relationship. The findings reveal the presence of strong link between energy and economic growth in the MENA region. Additionally, the study highlights perfect elasticity substitution technology between capital-energy and energy-labor in MENA countries. The insights suggest that policymakers should use policy substitution technique in production factors including substituting hydrocarbons with renewable energy towards cleaner energy transition. In energy efficiency and carbon targeting, the study unveils that the energy efficiency outlook in the MENA region is low with worsen carbon efficiency indicator. This indicates that MENA countries have surpassed their carbon frontier targets and need to reduce their carbon emissions by 2030. In conclusion, the authors highlight that achieving cleaner and affordable energy transition with climate action presents multifaceted policy choices for developing countries. To address those challenges, the study recommends the removal of energy subsidies, particularly in fossil fuels in countries like Iran and Saudi Arabia. Moreover, policymakers may leverage current energy technologies such as blockchain and the Internet of Things to enhance energy efficiency to reduce carbon intensity in the MENA region. |
| first_indexed | 2024-03-08T19:00:45Z |
| format | Article |
| id | doaj.art-4c9dabb5f6a54dbf81afecb55347700c |
| institution | Directory Open Access Journal |
| issn | 2590-2911 |
| language | English |
| last_indexed | 2024-03-08T19:00:45Z |
| publishDate | 2023-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Social Sciences and Humanities Open |
| spelling | doaj.art-4c9dabb5f6a54dbf81afecb55347700c2023-12-28T05:19:35ZengElsevierSocial Sciences and Humanities Open2590-29112023-01-0181100705Regional energy and carbon emissions concerns: Towards cleaner energy transition in Middle East and North AfricaMd Altab Hossin0Patrick Kwashie Akorsu1Hermas Abudu2School of Innovation and Entrepreneurship, Chengdu University, No. 2025, Chengluo Avenue, 610106, Chengdu, Sichuan, PR ChinaDepartment of Finance, School of Business University of Cape Coast, GhanaCollege of Overseas Education, Chengdu University, Chengdu City, Sichuan Province, 610106, PR China; Corresponding author.Energy efficiency plays a crucial role in enabling a cleaner and more affordable energy transition in the Middle East and North Africa (MENA) region and worldwide. This paper focuses on investigating how MENA countries can attain cleaner and affordable energy through economic policy options. The study employs sustainable development goals variables and applies production and ridge regression analysis techniques to model the relationship. The findings reveal the presence of strong link between energy and economic growth in the MENA region. Additionally, the study highlights perfect elasticity substitution technology between capital-energy and energy-labor in MENA countries. The insights suggest that policymakers should use policy substitution technique in production factors including substituting hydrocarbons with renewable energy towards cleaner energy transition. In energy efficiency and carbon targeting, the study unveils that the energy efficiency outlook in the MENA region is low with worsen carbon efficiency indicator. This indicates that MENA countries have surpassed their carbon frontier targets and need to reduce their carbon emissions by 2030. In conclusion, the authors highlight that achieving cleaner and affordable energy transition with climate action presents multifaceted policy choices for developing countries. To address those challenges, the study recommends the removal of energy subsidies, particularly in fossil fuels in countries like Iran and Saudi Arabia. Moreover, policymakers may leverage current energy technologies such as blockchain and the Internet of Things to enhance energy efficiency to reduce carbon intensity in the MENA region.http://www.sciencedirect.com/science/article/pii/S2590291123003108Complex policy choicesProduction factor technology solutionsCarbon efficient frontierEnergy future transition prospectsSustainable development goals modeling |
| spellingShingle | Md Altab Hossin Patrick Kwashie Akorsu Hermas Abudu Regional energy and carbon emissions concerns: Towards cleaner energy transition in Middle East and North Africa Social Sciences and Humanities Open Complex policy choices Production factor technology solutions Carbon efficient frontier Energy future transition prospects Sustainable development goals modeling |
| title | Regional energy and carbon emissions concerns: Towards cleaner energy transition in Middle East and North Africa |
| title_full | Regional energy and carbon emissions concerns: Towards cleaner energy transition in Middle East and North Africa |
| title_fullStr | Regional energy and carbon emissions concerns: Towards cleaner energy transition in Middle East and North Africa |
| title_full_unstemmed | Regional energy and carbon emissions concerns: Towards cleaner energy transition in Middle East and North Africa |
| title_short | Regional energy and carbon emissions concerns: Towards cleaner energy transition in Middle East and North Africa |
| title_sort | regional energy and carbon emissions concerns towards cleaner energy transition in middle east and north africa |
| topic | Complex policy choices Production factor technology solutions Carbon efficient frontier Energy future transition prospects Sustainable development goals modeling |
| url | http://www.sciencedirect.com/science/article/pii/S2590291123003108 |
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