Emissions reduction and economic implications of renewable energy market penetration of power generation for residential consumption in the MENA region

► Heterogeneity in GHG emissions in MENA region with Turkey contributing the most. ► Average regional GHG tCO2e/capita of 0.42 decreases to 0.17 with RE penetration. ► GHG emissions regional reduction reaches 8-36% depending on RE target penetration. ► Return on investment in RE promises up to 54% savings excluding positive externalities. ► Carbon credits offer economic incentives rendering RE investment more attractive.