The Gulf Cooperation Council countries (GCC) have recently embarked in an energy subsidy reform following the drastic drop of international oil prices in 2014. The reform consists of increasing energy prices (fuel, electricity, gas) in order to…
This paper analyses the effect of green energy promotion policies in a decentralized power industry. We develop a Cournot duopolistic competition between risk-adverse operators each detaining polluting and clean technologies. We show that the…
Middle East and North Africa (MENA) countries have recently developed their renewable energy markets. However, their rate of investment in renewable energy remains small as compared to other regions in the world, despite their relative abundant…