Arab Future Energy Index™ (AFEX)

The Arab Future Energy Index™ (AFEX) is the first native Arab index dedicated to monitoring and analyzing sustainable energy competitiveness in the Arab region. AFEX offers both quantitative and qualitative analysis for key renewable energy and energy efficiency market dimensions. Countries are ranked under more than 20 indicators that illustrate key energy market aspects including policies, institutional and technical capacities, strategies, socioeconomic data and investments. AFEX data is collected through both international and local resources to guarantee accuracy and transparency.

Arab Future Energy Index™ (AFEX) - Energy Efficiency 2013

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AFEX Energy Efficiency is a policy assessment and benchmark tool that aims to provide a comprehensive assessment of the current state of energy efficiency (EE) and quality of EE governance in the Arab region. AFEX Energy Efficiency has been developed to:

  • Provide systematic comprehensive assessment of EE progress in RCREEE member states
  • Benchmark countries’ performance in order to provide additional stimulus to strive towards EE
  • Effectively communicate the assessment results
  • Identify areas for possible intervention at the regional level to support EE efforts.

AFEX Energy Efficiency assesses four major areas:

  •  The current structure of energy pricing
  • States’ efforts and level of commitment in overcoming market, social and political barriers to EE through strategies, policies and specific action plans
  • Institutional capacity to design, implement and evaluate EE policies
  • Efficiency of utility sector, including power generation efficiency, and efficiency in power transmission and distribution networks.

The conceptual framework of AFEX Energy Efficiency is presented in the chart below. It consists of four evaluation categories relating to the index’s objectives: (1) Energy Pricing; (2) Policy Framework; (3) Institutional Capacity; and (4) Utility.

Arab Future Energy Index™ (AFEX) - Renewable Energy 2013

AFEX Renewable Energy is a policy assessment and benchmark tool that aims to provide a comprehensive assessment of the current conditions of renewable energy development and progress to date in the Arab region. AFEX Renewable Energy has been developed to:

  • Provide a comprehensive assessment of the current conditions for RE development 
  • Formulate targeted recommendations on improving regulatory and institutional frameworks for RE investment.
  • Benchmark countries’ performance to provide additional stimulus for more progressive RE development.
  • Effectively communicate assessment results.
  • Identify areas for possible intervention at the regional level in order to maximize the effects of promoting RE.

AFEX Renewable Energy is designed with consideration of the private investor’s perspective, thus assessment areas focus on barriers and challenges that private investors face in deploying RE in Arab countries. The AFEX Renewable Energy assessment scope includes:

  • Ease of accessing the electricity market for private investors, including grid access.
  • Effectiveness of incentive mechanisms initiated by governments for attracting investments in RE.
  • Level of public commitment to the pursuit of RE.
  • Level of institutional support available for private developers in RE deployment.
  • Level of financial risk associated with large-scale RE project deployment and the efforts of countries to mitigate such risks.

The conceptual framework of AFEX Renewable Energy is presented in the chart below. It consists of four evaluation categories relating to the index objectives: (1) Market Structure; (2) Policy Framework; (3) Institutional Capacity; and (4) Finance and Investment.