Getting Renewables Strategy Right and Avoiding Pitfalls in Middle East; Renewable Energy World

Although the outlook for renewable energy in the Middle East is positive, there are several risks that can derail progress towards that front.

These include the entrenched subsidization of non-renewables; underdeveloped regional credit markets unable to deal with the unique nature of renewables; and policy preference for large projects that fulfill fast-growing demands in contrast to smaller-scale renewables projects. To seize the potential of renewables in the Middle East, policymakers must employ a deliberate policy of risk mitigation and aim for the right pace of development.

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