Determinants of Energy Consumption in Saudi Arabia and its Role in Decreasing the Misuse of Environmental Resources

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 3

Year of Publication : 2020

Authors : Dr. Haga Elliman

10.14445/23939125/IJEMS-V7I3P107

How to Cite?

Dr. Haga Elliman, "Determinants of Energy Consumption in Saudi Arabia and its Role in Decreasing the Misuse of Environmental Resources," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 3, pp. 46-56, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I3P107

Abstract:

Saudi Arabia has been experiencing rapid growth in population and economic activities since 1971, which has increased the demand for energy sources. The present study aims to investigate the impact of real GDP per capita as an economic growth indicator, energy prices, industrialization share in GDP, services share in GDP, and urbanization to reduce local energy consumption. Findings have contributed towards the adoption of optimal production and consumption patterns for protecting natural resources and preserving the right of an individual to lead a balanced life. Therefore, the study suggests that Saudi Arabia needs to reduce energy consumption in non-renewable energy sources by investing in renewable energy sources. Moreover, there is a need to improve the urban environment to increase energy efficiency and achieve sustainable development in the future.

Keywords:

Consumption, Efficiency, Energy Sources, Energy, Environment, GDP, Prices.

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