Subsides Jeopardize Renewable Energy Projects In The Middle East
SEPTEMBER 14, 2011
Energy subsidies keeping petrol and electricity prices low in the Middle East are jeopardizing the chances of renewable energy projects. The steady supply of cheap energy also means that petrol prices in Gulf nations are some of the lowest in the world, with many paying under $0.2 In fact it represents a wasteful use of energy that is driven by energy subsidies. from the same unit of energy. GDP per unit of energy.