Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/303529 
Year of Publication: 
2024
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Abstract: 
The Organization of Petroleum Exporting Countries (OPEC) has been one of the most influential organizations in the global energy sector which controls a significant portion of the world’s oil reserves and has often influenced global oil prices through international trade policies such as quotas and strategic decision-making. The rapid global shift towards renewable energy, increased awareness of climate change, and technological advancements in energy production pose various challenges to OPEC's relevance and future. As a member of OPEC, Qatar's economic strategies and policies are intricately linked to the future of OPEC’s economy. In this context this paper attempted to explore the future of the OPEC economy with the perspective of energy transitions and how this could shape Qatar's economic policies so that its economy can mov forward. The central premise of this paper is that while OPEC's influence on global oil markets may diminish due to energy transitions and global environmental initiatives, member countries such as Qatar will need to adopt innovative economic policies that ensure sustained prosperity even in a low-oil-demand scenario. With energy diversification gaining momentum globally, this paper outline what kind of policy decisions today will significantly impact the economic and political stability of OPEC for sustainability.
Subjects: 
Zero carbon solution to Qatar
Challenges of OPEC
Economic Policy for Qatar
Sustainable oil trade
Global Energy transitions
OPEC alternative Economic Policies
JEL: 
E6
F4
H3
L51
M1
Document Type: 
Preprint

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.