The Effects of Changing Oil and Gas Prices on Oil and Gas Producing Nations’ Budgets and Spending on Renewable Energy Options

Oil and gas producing countries depend on their oil and gas rich resources to finance their expenditure and balance their budgets. However, during periods of economic crises economies slow down and less oil and gas revenues arise to oil and gas producing countries as a results of less demand and decrease in oil and gas prices. This may make it difficult for these countries to balance their budgets figures and may face deficits. This project aims to identify the vulnerable sectors that are most affected by such crises. Also, to uncover the effects of reducing oil and gas prices on developing renewable energy alternatives projects by these countries

PhD Project Area: The effects of UK Energy Policy on Investments in Renewable Energy Projects

UK oil and gas policy has been built and tightened up earlier in 1970s. However, the UK oil and gas resources have peaked and the country became a net importer in the mid-1980s. The UK is bounded by a number of EU and international regulations and protocols that oblige the country to cut on greenhouse gas emissions and to produce certain percentages of its energy from renewable sources. This project aims to explore and uncover the effects of UK energy policy on investments in renewable energy. In other words, it aims to assess the role of the UK energy taxation policy on achieving its renewable and climate change objectives.