气候变化领域集成服务门户(CCPortal): A petroleum upstream production sharing contract with investments in renewable energy: The case of Lebanon

CCPortal

DOI	10.1016/j.enpol.2021.112325
	A petroleum upstream production sharing contract with investments in renewable energy: The case of Lebanon
	Olleik M.; Auer H.; Nasr R.
发表日期	2021
ISSN	03014215
卷号	154
英文摘要	Developing countries endowed with petroleum resources face various challenges in balancing their economic development needs and their contribution to combating climate change. They aim at increasing their reliance on renewable energy; however, they are faced with regulatory, financial, technical, and knowledge-related barriers. Many oil and gas companies started to transition from their core business in oil and gas to the wider energy field. In this paper, we show how the most common contractual arrangement between developing countries and oil and gas companies - the Production Sharing Contract (PSC) - can be modified to include renewable energy elements. We introduce a Renewable Contribution parameter that defines the share of the company profit petroleum that should be re-invested in renewable energy in the host country and we develop an optimization model that defines the state objective function and constraints. We apply the modified PSC to the case of Lebanon after populating various oil and gas and renewable energy scenarios. We show that a limited Renewable Contribution of 10% can provide a large share of the investment needs of the renewable energy sector and can contribute to emission reduction, economic development and job creation while providing companies with attractive economic incentives. © 2021 Elsevier Ltd
关键词	Energy transition Oil & gas Optimization model Production sharing contract Renewable energy
英文关键词	Climate change; Developing countries; Economic and social effects; Economics; Electric utilities; Emission control; Energy policy; Gas industry; Gases; Gasoline; Investments; Renewable energy resources; Economic development; Energy transitions; Lebanon; Oil and gas; Oil and gas companies; Oil gas; Optimization models; Petroleum resources; Production Sharing Contracts; Renewable energies; Optimization; alternative energy; developing world; investment; optimization; petroleum; Lebanon
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205281
作者单位	Vienna University of Technology, Institute of Energy Systems and Electrical Drives, Energy Economics Group (EEG), Austria
推荐引用方式 GB/T 7714	Olleik M.,Auer H.,Nasr R.. A petroleum upstream production sharing contract with investments in renewable energy: The case of Lebanon[J],2021,154.
APA	Olleik M.,Auer H.,&Nasr R..(2021).A petroleum upstream production sharing contract with investments in renewable energy: The case of Lebanon.Energy Policy,154.
MLA	Olleik M.,et al."A petroleum upstream production sharing contract with investments in renewable energy: The case of Lebanon".Energy Policy 154(2021).