The Impact of Power Electricity Consumption, Economic Growth, Foreing Direct Investment, Trade Opennes and Urbanization on CO2 Emissions: Evidence from GCC Countries

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Recording of Thursday, September 03, 2026 | Intersolar Middle East Conference 2026 | Language: English | Duration: 21:09 .

Decarbonization Strategies and Economic Dynamics in the GCC

The Gulf Cooperation Council (GCC) faces significant challenges in industrial decarbonization due to rapid economic growth and urbanization leading to higher electricity demand. While these countries have substantial investment capabilities, they must balance their industrial ambitions and economic diversification with the imperative to reduce CO2 emissions. Key contributing factors include high reliance on hydrocarbons, significant solar energy potential, and the need for tailored strategies for each country. The analysis identifies five core variables—electricity consumption, GDP, foreign direct investment (FDI), trade openness, and urbanization—that influence CO2 emissions. Urbanization intensifies the demand for construction and infrastructure, while FDI can simultaneously increase emissions and promote cleaner technologies. Furthermore, Saudi Arabia's focus on renewable energy, particularly solar, is growing, with notable advancements in capturing and efficiently utilizing solar resources. The proposed strategies emphasize integrated energy management systems and attracting green FDI to ensure sustainable economic growth while advancing decarbonization efforts.

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Speaker

Dr. Hounaida Daly
Assistant Professor of Economics
Hail University
Saudi Arabia

Explore how solar thermal and photovoltaic solutions are driving industrial decarbonization. This session highlights cutting-edge applications, from process heat to on-site power generation, showcasing successful projects, cost benefits, and integration strategies that reduce emissions, boost efficiency, and advance sustainability across energy-intensive sectors worldwide.

Further Talks of this session:

Speaker

Eren Engür
Managing Director
Malta Inc
US

To Talk

Speaker

Dr. Moutaz Alriahy
Co-Founder & CEO
Creta Group
UAE

To Talk

Speaker

Håkon Sletsjøe
VP Head of Power System Modelling - New Energies
Rystad Energy
Norway

To Talk

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