Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf

<p dir="ltr">Countries in the Arabian Gulf are reliant upon hydrocarbons for revenues, exports, industries and funding services. It is largely assumed that the global energy transition will be gradual, as reflected in planning and strategy documents. However, energy breakthroughs can...

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Main Author: Logan Cochrane (7822049) (author)
Other Authors: Dhabia Al Mohannadi (22225186) (author), Sa'd Shannak (17191363) (author), Yoshihide Wada (557109) (author), Esra Al Eisa (22225189) (author), Mohamad Hejazi (3068055) (author)
Published: 2024
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author Logan Cochrane (7822049)
author2 Dhabia Al Mohannadi (22225186)
Sa'd Shannak (17191363)
Yoshihide Wada (557109)
Esra Al Eisa (22225189)
Mohamad Hejazi (3068055)
author2_role author
author
author
author
author
author_facet Logan Cochrane (7822049)
Dhabia Al Mohannadi (22225186)
Sa'd Shannak (17191363)
Yoshihide Wada (557109)
Esra Al Eisa (22225189)
Mohamad Hejazi (3068055)
author_role author
dc.creator.none.fl_str_mv Logan Cochrane (7822049)
Dhabia Al Mohannadi (22225186)
Sa'd Shannak (17191363)
Yoshihide Wada (557109)
Esra Al Eisa (22225189)
Mohamad Hejazi (3068055)
dc.date.none.fl_str_mv 2024-10-31T06:00:00Z
dc.identifier.none.fl_str_mv 10.1002/gch2.202400151
dc.relation.none.fl_str_mv https://figshare.com/articles/journal_contribution/Future_Energy_Breakthroughs_Implications_for_the_Hydrocarbon_Economies_of_the_Arabian_Gulf/30095131
dc.rights.none.fl_str_mv CC BY 4.0
info:eu-repo/semantics/openAccess
dc.subject.none.fl_str_mv Economics
Applied economics
Engineering
Resources engineering and extractive metallurgy
Energy transition
Hydrocarbon dependency
Arabian Gulf economies
Energy breakthroughs
Sustainable infrastructure
Fossil fuel economics
dc.title.none.fl_str_mv Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf
dc.type.none.fl_str_mv Text
Journal contribution
info:eu-repo/semantics/publishedVersion
text
contribution to journal
description <p dir="ltr">Countries in the Arabian Gulf are reliant upon hydrocarbons for revenues, exports, industries and funding services. It is largely assumed that the global energy transition will be gradual, as reflected in planning and strategy documents. However, energy breakthroughs can change the global energy system. This Perspective article seeks to provoke a discussion about potential energy breakthroughs, the plausibility of their rapid expansion at scale, and the implications they may have for the hydrocarbon economies in the Arabian Gulf. Based upon feasibility, scalability, and adoption potential energy breakthroughs are outlined, their probability are assessed, and potential impacts on the hydrocarbon economics of the region are evaluated. The calls to actions are concluded with aim to support the region to be better prepared to track breakthroughs, and be proactively engaged to benefit from them. These include: 1) annual regional research‐policy interface meetings, 2) tailored research and development funding that fosters regional collaboration, 3) investment into breakthrough technologies and energy transition inputs, and 4) seeking synergy in economic diversification regionally to avoid duplication and counterproductive competition.</p><h2>Other Information</h2><p dir="ltr">Published in: Global Challenges<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1002/gch2.202400151" target="_blank">https://dx.doi.org/10.1002/gch2.202400151</a></p>
eu_rights_str_mv openAccess
id Manara2_80e248c8e78615af2e83ad2e2be88fcd
identifier_str_mv 10.1002/gch2.202400151
network_acronym_str Manara2
network_name_str Manara2
oai_identifier_str oai:figshare.com:article/30095131
publishDate 2024
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rights_invalid_str_mv CC BY 4.0
spelling Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian GulfLogan Cochrane (7822049)Dhabia Al Mohannadi (22225186)Sa'd Shannak (17191363)Yoshihide Wada (557109)Esra Al Eisa (22225189)Mohamad Hejazi (3068055)EconomicsApplied economicsEngineeringResources engineering and extractive metallurgyEnergy transitionHydrocarbon dependencyArabian Gulf economiesEnergy breakthroughsSustainable infrastructureFossil fuel economics<p dir="ltr">Countries in the Arabian Gulf are reliant upon hydrocarbons for revenues, exports, industries and funding services. It is largely assumed that the global energy transition will be gradual, as reflected in planning and strategy documents. However, energy breakthroughs can change the global energy system. This Perspective article seeks to provoke a discussion about potential energy breakthroughs, the plausibility of their rapid expansion at scale, and the implications they may have for the hydrocarbon economies in the Arabian Gulf. Based upon feasibility, scalability, and adoption potential energy breakthroughs are outlined, their probability are assessed, and potential impacts on the hydrocarbon economics of the region are evaluated. The calls to actions are concluded with aim to support the region to be better prepared to track breakthroughs, and be proactively engaged to benefit from them. These include: 1) annual regional research‐policy interface meetings, 2) tailored research and development funding that fosters regional collaboration, 3) investment into breakthrough technologies and energy transition inputs, and 4) seeking synergy in economic diversification regionally to avoid duplication and counterproductive competition.</p><h2>Other Information</h2><p dir="ltr">Published in: Global Challenges<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1002/gch2.202400151" target="_blank">https://dx.doi.org/10.1002/gch2.202400151</a></p>2024-10-31T06:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1002/gch2.202400151https://figshare.com/articles/journal_contribution/Future_Energy_Breakthroughs_Implications_for_the_Hydrocarbon_Economies_of_the_Arabian_Gulf/30095131CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/300951312024-10-31T06:00:00Z
spellingShingle Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf
Logan Cochrane (7822049)
Economics
Applied economics
Engineering
Resources engineering and extractive metallurgy
Energy transition
Hydrocarbon dependency
Arabian Gulf economies
Energy breakthroughs
Sustainable infrastructure
Fossil fuel economics
status_str publishedVersion
title Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf
title_full Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf
title_fullStr Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf
title_full_unstemmed Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf
title_short Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf
title_sort Future Energy Breakthroughs: Implications for the Hydrocarbon Economies of the Arabian Gulf
topic Economics
Applied economics
Engineering
Resources engineering and extractive metallurgy
Energy transition
Hydrocarbon dependency
Arabian Gulf economies
Energy breakthroughs
Sustainable infrastructure
Fossil fuel economics