ARAB RENEWABLE ENERGY INDEX: INVESTIGATING THE INVESTMENT CLIMATE FOR RENEWABLE ENERGY IN THE ARAB REGION

摘要

The paper presents results of the assessment of current conditions for development of renewable energy (RE) and progress to date in the Arab region. The study has been conducted in the framework of a new analytical benchmark tool developed by the Regional Center for Renewable Energy and Energy Efficiency (RCREEE) – the Arab Future Energy Index4 – which has two components: renewable energy and energy efficiency. The renewable energy component of the index assesses and ranks countries according to four major categories: (1) power sector structure with a special focus on difficulties of accessing the electricity market by the private sector in the Arab countries, including grid access-related issues; (2) institutional and regulatory barriers to large-scale deployment of RE projects, including the long-standing practice of subsidizing energy products; (3) the attractiveness of incentive schemes; and (4) level of financial risk in deployment of large-scale RE projects.