The Emirates Diplomatic Academy has launched an EDA Working Paper titled GCC States and Energy Pricing Reform: Building and Using International Frameworks of Cooperation, authored by Tom S. H. Moerenhout. The working paper analyses existing international frameworks of cooperation on energy pricing reform, from the Gulf Cooperation Council (GCC) countries’ perspective. The paper focuses on two relevant modes of cooperation: norm-creation in an international policy setting; and technical assistance to domestic reforms.
The Working Paper takes stock of key international institutions and cooperation frameworks, which include the Group of Twenty, Friends of Fossil Fuel Subsidy Reform, Global Subsidies Initiative, International Monetary Fund, World Bank and World Trade Organization. It then examines GCC engagement with these frameworks, and presents experiences of other MENA countries. The paper further makes policy recommendations for the GCC countries with regard to participation in international policy formation and engaging international institutions on technical assistance.
On international policy development, the study finds that GCC countries recognise the drawbacks of low energy prices, but want a debate that considers their socio-political importance. On technical assistance, it notes that international institutions have strong and diverse experiences with energy pricing reforms in the MENA region and in fuel exporting countries.
Please note that EDA’s research outputs do not necessarily represent the views of the UAE government but seek to address issues that foreign-policy experts and practitioners both in the UAE and worldwide will find informative and relevant.