Economic goals of Dubai and Abu Dhabi will diverge

2020 ◽  
Keyword(s):  
Soft Power ◽  
Fossil Fuels ◽  
Energy Transition ◽  
Clean Energy ◽  
Abu Dhabi ◽  
Property Market ◽  
Innovation Ecosystem ◽  
Sovereign Wealth Funds ◽  
Content Type ◽  
The Impact

Significance Despite its promotion of an innovation ecosystem to attract start-ups, Abu Dhabi has overall made little progress in addressing the impact of the clean-energy transition on long-term demand for fossil fuels. As COVID-19 hits private consumption hard, Dubai is promoting expatriate-friendly labour market and legal reforms, with an eye to the troubled real estate sector. Impacts Abu Dhabi’s sovereign wealth funds will increase their exposure to the overseas oil derivatives industry. Dubai will shift attention to taming oversupply in the flagging property market, and developers will be under increased scrutiny. Ambitious oil production targets will increase tensions with Saudi Arabia; a medium-term OPEC exit is possible. Abu Dhabi will prioritise high-profile space and nuclear projects that generate soft power and boost innovation.

Global clean energy transition will be slow

2018 ◽  
Keyword(s):  
Energy Demand ◽  
Carbon Capture ◽  
Fossil Fuels ◽  
International Energy Agency ◽  
Energy Transition ◽  
Clean Energy ◽  
Status Report ◽  
Energy Prices ◽  
Energy Agency ◽  
Content Type

Subject Carbon reduction strategies. Significance The International Energy Agency (IEA) in March published its latest status report on trends in energy demand and greenhouse gas emissions. The report found that demand increased by 2.1% in 2017 (more than in previous years) and that most of that increase was met with fossil fuels. Global energy-related emissions grew 1.4%, reversing recent trends. These developments reinforce concerns that the transition towards a low- or zero-carbon economy is not progressing as quickly as it needs to if climate change is to be limited. Impacts Renewed carbon capture momentum will require a significant increase in carbon prices to improve the viability of investments. Major electricity supply disruptions would help revive interest in nuclear power. The prospects for increased energy efficiency are largely dependent upon the future trajectory of energy prices.

Residents’ perceptions of the impact of tourism in Abu Dhabi, United Arab Emirates

2017 ◽  
Vol 11 (4) ◽  
pp. 551-572 ◽  
Author(s):  
Nada Hammad ◽  
Syed Zamberi Ahmad ◽  
Avraam Papastathopoulos
Keyword(s):  
United Arab Emirates ◽  
Social Exchange ◽  
Structural Equation ◽  
Social Exchange Theory ◽  
Cultural Influences ◽  
Abu Dhabi ◽  
Equation Modeling ◽  
Content Type ◽  
The Social ◽  
The Impact

Purpose This paper aims to investigate residents’ perceptions of tourism’s impact on their support for tourism development in Abu Dhabi, United Arab Emirates (UAE). Design/methodology/approach Data were collected using self-administered questionnaires from Abu Dhabi residents (n = 407), who represented 30 nationalities residing in the emirate. Based on social exchange theory, structural equation modeling was used to test hypotheses. Findings Results suggest that Abu Dhabi residents perceive the impacts of tourism positively and are more sensitive to the environmental and economic influences of tourism than the social and cultural influences. Research limitations/implications This study was limited to Abu Dhabi residents; findings cannot be generalized to other emirates in the UAE, or other countries. Originality/value This study adds value to extant tourism literature by investigating residents’ perceptions of the influence of tourism in one of the richest cities worldwide, which aspires to be one of the fastest growing tourism destinations in the Middle East.

scholarly journals Co-Movements between Eu Ets and the Energy Markets: A Var-Dcc-Garch Approach

Mathematics ◽  
2021 ◽  
Vol 9 (15) ◽  
pp. 1787
Author(s):  
Pilar Gargallo ◽  
Luis Lample ◽  
Jesús A. Miguel ◽  
Manuel Salvador
Keyword(s):  
Fossil Fuels ◽  
Spillover Effect ◽  
Warning System ◽  
Energy Transition ◽  
Clean Energy ◽  
Stock Index ◽  
Phase Iii ◽  
Response Analysis ◽  
Eu Ets ◽  
The Eu

This paper analyzes the co-movements of prices of fossil fuels, energy stock markets and EU allowances. This analysis is conducted in order to identify the spillover effect of volatility and correlation among these financial markets, and to provide a scientific basis that shows the interest of incorporating sustainable assets in the design of minimum risk strategies of investment. To achieve this goal, we have used a Vector Autoregressive-Dynamic Conditional Correlation-Generalized Autoregressive Conditional Heteroscedasticity (VAR-DCC-GARCH) model that also incorporates a stock index of industrial companies as a leading indicator of the level of economic activity. In addition, the paper conducts an impulse response analysis to determine how unexpected shocks to prices are propagated along time, and, in particular, how they affect prices of the others, both in mean, variance and correlation. Therefore, the results of this one- and two-dimensional analysis allow for the study of short and long run dynamics of the relationship among those prices, thus, providing greater meaning and information for investors, which has implications for building their portfolios. The analyzed period was from January 2010 to February 2021, so that the data include half of phase II, full phase III and the onset of phase IV of the EU ETS, as well as the COVID-19 outbreak in the European context. We also analyzed whether the EUA price impulses the demand of clean energy stocks, which has important implications for the objective of triggering the investment in clean energy. Our results show the transmission mechanism of all of those prices, which are relevant not only for investors but also for policymakers to construct an early-warning system, revealing the most important transmission channels. Moreover, from an investment viewpoint, we observe a decline in dirty energies and a rise in the clean energy market, which might be an indication of the progress towards the energy transition to renewables sources within a circular economy perspective. Therefore, this shows that the EU ETS is achieving its goals, and that clean energy companies, aligned with their role towards socially responsible initiatives, are also gaining acceptance in terms of investments, which would be beneficial for the environment.

Extreme weather highlights longer-term Canada concerns

2022 ◽  
Keyword(s):  
Climate Change ◽  
Indigenous Peoples ◽  
Clean Energy ◽  
Focused Attention ◽  
Content Type ◽  
Weather Patterns ◽  
Extreme Cold ◽  
The Impact ◽  
Ways Of Life ◽  
Impacts Of Climate Change

Significance The extreme cold comes as the province is still dealing with the damage caused by unprecedented levels of heat and wildfires last summer and then record levels of rainfall and flooding in November. Its experience has focused attention on Canada’s wider vulnerability to the impact of shifting weather patterns and climate change. Impacts The natural resource sectors that are vital to Canada’s economy face an increasingly difficult environment for extraction. Indigenous peoples across the country will see their traditional ways of life further disrupted by climate change. The increasingly evident impacts of climate change on day-to-day life will see voters demand greater action from government. Significant investment in green initiatives, clean energy and climate resiliency initiatives will boost green industries.

scholarly journals The Impact of Lack of Clean Cooking Fuels on Sustainable Development in Developing Countries

2018 ◽  
Author(s):  
Ifeoluwa Garba ◽  
Richard Bellingham
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Fossil Fuels ◽  
Energy Use ◽  
Business Models ◽  
Clean Energy ◽  
Well Being ◽  
The World ◽  
Cooking Fuels ◽  
The Impact

Access to energy is crucial in tackling many of the current global development challenges that impact on people’s economic, health and social well-being as well as the ability to meet the commitments of reducing carbon emissions through clean energy use. Despite increased attention from multiple governments and agencies, energy poverty remains a serious sustainable development issue in many developing countries. To date, most research have focused on general access to electricity and the generation of clean energy to replace fossil fuels, failing to address the lack of basic access to clean energy for cooking and heating. More people in the world lack access to clean cooking fuels than to electricity. This issue is one aspect of a broader research which investigates the impacts of optimized energy policy and energy business models on sustainable development in developing countries.

scholarly journals The Impact of Financial Development On The Clean Energy Transition In MENA Region: The Role of Institutional And Political Factors.

2021 ◽  
Author(s):  
Haifa Saadaoui
Keyword(s):  
Renewable Energy ◽  
Financial Development ◽  
Energy Transition ◽  
Transition Process ◽  
Clean Energy ◽  
Mena Region ◽  
Political Factors ◽  
Long Run ◽  
The Impact

Abstract This study focuses on the role of institutional factors as well as financial development in renewable energy transition in Middle East and North Africa (MENA) region over the period 1990-2018 using the ARDL PMG method. The investigation of long-run and short-run analysis confirms that institutional and political factors play a key role in promoting the transition to renewable energy, and shows that improving these factors can lead to decarbonization of the energy sector in the long run. Another important finding is that global financial development does not have a significant effect on the transition process in the long run, implying that the whole financial system needs a fundamental structural change to accelerate the substitution between polluting and clean energies. However, in the short term, the impact appears to be negative and significant, highlighting the inadequacy of financial institutions and financial markets in promoting the region’s sustainable path. Moreover, income drives the transition to renewable energy in both short and long term. The causality results show that both financial development and institutional quality lead to renewable energy transition, while there is a bidirectional link between income and renewable energy.This study can provide a very useful recommendation to promote a clean transition in the MENA region.

scholarly journals Lone Star Wars: LNGs, communities and globalization versus local resistance in the Laguna Madre region of coastal South Texas

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Terence Garrett ◽  
Arthur Sementelli
Keyword(s):  
Fossil Fuels ◽  
Energy Development ◽  
Local Resistance ◽  
Laguna Madre ◽  
Content Type ◽  
Resistance Movements ◽  
Study Approach ◽  
Star Wars ◽  
Regulatory Commission ◽  
The Impact

Purpose This study aims to theoretically contextualize the liquefied natural gas (LNG) issue using Bauman and Debord. More generally, this research provides a theoretical and qualitative context to understand the LNG issue in discussions of environmental management, globalization and local government. Design/methodology/approach This study uses Boje’s narrative case study approach to analyze the politics around localized resistance movements to LNG production in the Rio Grande Valley (RGV). Specifically, this study examines the data collected from the Federal Energy Regulatory Commission, personal interviews and public declarations (newspapers, blogs, social media) to create an historiographical account of LNGs in the RGV to analyze the Laguna Madre resistance case regarding three LNG companies. Findings The development of LNG in Laguna Madre has been at least temporarily halted. This is considered partially because of the pandemic, reduced demand and local resistance. In the Laguna Madre case, controlling narratives by the LNG resistance appeared to be an essential component of their overall strategy. Originality/value Understanding the impact of energy development locally and globally becomes increasingly important, as access to fossil fuels become more limited. This case helps understand the overall adverse actions taken by LNGs to exploit communities, individuals and the environment while illustrating practical tools being used to resist the less desirable elements of energy development.

LNG use will be crucial to nations’ energy transitions

2021 ◽  
Keyword(s):  
Fossil Fuels ◽  
Fossil Fuel ◽  
Developing Economies ◽  
Ghg Emissions ◽  
Energy Transition ◽  
Market Volatility ◽  
Content Type ◽  
Market Growth ◽  
Net Zero

Significance LNG is cleaner than most fossil fuels but still incompatible with net zero emissions. India, China and other Asian economies see LNG imports as a ready and economically viable means of displacing coal and oil use. Natural gas and then LNG demand will eventually peak as the energy transition accelerates over the next 20 years. Impacts LNG market growth will embed fossil fuel use and infrastructure in developing economies’ energy mixes. Recent market volatility and record spot LNG prices may reverse the trend of greater reliance on spot transactions than long-term contracts. Although the greenhouse gas (GHG) benefits of LNG use in transport are far from clear, it will gain market share in the next few years. LNG project developers will seek to cut GHG emissions from their projects to prolong LNG's attractiveness in the energy transition.

Abu Dhabi will pivot to ‘soft power’ security policies

2021 ◽  
Keyword(s):  
United States ◽  
Red Sea ◽  
Soft Power ◽  
The United States ◽  
Security Policies ◽  
Abu Dhabi ◽  
Special Forces ◽  
Content Type ◽  
Military Engagement

Significance UAE military engagement abroad since the 1990s has earned it the nickname ‘Little Sparta’. Its activities included a lengthy mission alongside NATO forces in Afghanistan and special forces-led interventions in Libya and Yemen. Impacts Increased COVID-19 vaccine diplomacy could be an important component of the Emirati soft power approach. UAE purchases of expensive weapons and maintenance of Red Sea basing options will focus on the Iran threat. Defence industrial ties will strengthen with the United States and Israel.

Demographic Impact on Environment - A Case Study Focussing on CO2 Emission in China

1998 ◽  
Vol 10 (2) ◽  
pp. 81-87
Author(s):  
Kenji Hayashi ◽  
Jianqun Gao
Keyword(s):  
Population Size ◽  
Urban Areas ◽  
Fossil Fuels ◽  
Energy Transition ◽  
Population Increase ◽  
High Fertility ◽  
Economic Activities ◽  
The North ◽  
Per Capita ◽  
The Impact

Carbon dioxide (CO2) emission derived from economic activities results primarily from the fossil fuels consumed. The variety of fossil fuels used, the degree of efficient consumption of energy, economic growth and national population size determine the total amount of CO2 emission in a country. Considering its population size as well as its potential for economic development, China is expected to play a key role in the global warming issue in concert with other industrialized Asian countries, including Japan. In the present study, the impact of population increase on total CO2 emission in China during the period 1982-1990 was analyzed. During the study period, population increase and CO2 emission per capita were 21 per cent and 70 per cent, respectively. In terms of population increase by region, some provinces in the inland areas and megacities, like Shanghai and Beijing, contributed the highest figures. To cope with high fertility in the inland areas as well as massive population inflow into the urban areas simultaneously, increasing the number of medium-sized cities to be located in the inland areas could be a solution. For CO2 emission per capita, the figures for the North-Eastcrn provinces and South-Eastern provinces along the coast are remarkable. The estimate of total emission of CO2 by 2010 is 1.6 million tons, a 74 per cent increase from 1992. Energy transition is the key to the stabilization of CO2 emission in China.

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