Organisation of Petroleum Exporting Countries (OPEC) has the world’s
largest oil reserve with increasing resource discoveries. However, in
recent years Climate Change has come on the forefront of global energy
and environmental agenda and this has increased the need for the
development of alternative sources of energy. The quest to mitigate the
impact of climate change remains a major concern for oil producing
states especially states that depend heavily on the revenues coming
from their natural resource. As developed countries have the
technological and economic capacity to diversify to renewable energy
sources this is expected impact on the energy policies of OPEC member
states.
Task
Using the PESTER analytical tool, critically analyse the impact of the Renewable
energy policies of any developed economy on any OPEC member state’s energy
policy.
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