Affiliation:
1. Westford University College, UAE
2. University for Development Studies, Ghana
Abstract
This study explores the impact of political stability on the United Arab Emirates' (UAE) sustainable energy transition. It highlights how political stability enables long-term planning, policy continuity, investment attraction, and public acceptance of renewable energy. The study employed quantitative methodology, using the Phillips-Perron (PP) unit root test for stationarity assessment, the Autoregressive Distributed Lag (ARDL) cointegration test to confirm long-term relationships, and the Fully Modified Ordinary Least Square (FMOLS) technique proposed by Phillips and Hansen to investigate the relationships between the variables in the empirical model. The findings emphasize a positive correlation between political stability and the UAE's progress in diversifying its energy mix and embracing renewable sources. The research underscores the significance of political stability as a catalyst for a sustainable energy transition.
Reference58 articles.
1. Abdallah, N., & Eltahir, N. (2023). 20 billion investment fun in clean energy. Reuters. https://www.reuters.com/business/sustainable-business/us-uae-say-20-billion-investment-fund-15-gw-new-clean-energy-2023-01-15/
2. Adebayo, T. S., Akadiri, S. S., Uhunamure, S. E., Altuntaş, M., & Shale, K. (2022). Does political stability contribute to environmental sustainability? Evidence from the most politically stable economies. National Library of Medicine. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9800197/
3. Renewable energy and GCC States energy challenges in the 21st century: A review
4. Al-Sarihi, A., & Cherni, J. A. (2022). Political economy of renewable energy transition in rentier states: The case of Oman. Wiley. https://onlinelibrary.wiley.com/doi/full/10.1002/eet.2041
5. Uncertainties, risks and challenges relating to CO2 emissions and its possible impact on climate change in the United Arab Emirates