Renewable Energies in the Middle East and North Africa Policies to Support Private Investment

The combined effects of the economic crisis and the recent popular uprisings in parts of the Middle East and North Africa have brought social and economic challenges back to the centre of attention of policy makers. For governments searching to create jobs, to satisfy the growing energy demand of th...

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Bibliographic Details
Corporate Author: Organisation for Economic Co-operation and Development
Format: eBook
Language:English
Published: Paris OECD Publishing 2013
Series:Competitiveness and Private Sector Development
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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245 0 0 |a Renewable Energies in the Middle East and North Africa  |h Elektronische Ressource  |b Policies to Support Private Investment  |c Organisation for Economic Co-operation and Development 
260 |a Paris  |b OECD Publishing  |c 2013 
300 |a 132 p.  |c 21 x 28cm 
505 0 |a Competitive bidding schemes in Egypt and Morocco -- Incentive schemes for renewable energies in Egypt -- Incentive schemes for renewable energies in Tunisia -- Executive summary -- Main findings on Renewable Energy Sources policies in Mediterranean Partner Countries -- Support mechanisms for the renewable energy sector in the Middle East and North Africa -- A growing need for investment in renewable energy in the Middle East and North Africa -- Conclusion -- National targets for renewable energy in Mediterranean Partners Countries -- Incentive schemes for renewable energies in Morocco -- Foreword -- Summary: Commonly-used investment incentives for renewable energy -- Incentive schemes for renewable energies in Algeria -- Members of the MENA-OECD Task Force on Energy and Infrastructure -- Introduction -- Helping to remove barriers: The rationale for support measures -- Investment incentives for renewable energy -- Key Energy Task Force recommendations: The right mix of support measures for renewable energy projects 
653 |a Employment 
653 |a Finance and Investment 
653 |a Industry and Services 
653 |a Energy 
653 |a Environment 
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520 |a The combined effects of the economic crisis and the recent popular uprisings in parts of the Middle East and North Africa have brought social and economic challenges back to the centre of attention of policy makers. For governments searching to create jobs, to satisfy the growing energy demand of their populations and to diversify their economies, the appeal of renewable energies is strong. However, the right policy framework and support need to be put in place if the region wants to attract private investment in the sector and reap the benefits of its favourable resource endowment, especially as regards solar and wind energy. This report makes the case for a stronger deployment of renewables in the Middle East and North Africa and identifies the appropriate support policies required to stimulate the necessary private investment. An assessment of existing policy frameworks in the region and examples from OECD good practice are used as pointers to help guide policy makers in their choices.   The analysis contained in this report suggests that support policies targeting the life cycle of renewable energy projects such as feed-in tariffs and power purchase agreements are more effective and less distortive than policies subsidising the initial investment, such as cost reductions. The optimal incentive scheme provides investors with stability through a guaranteed but declining minimum return while imposing enough market risk to foster technological progress