The Circular Carbon Economy at the G20 Summit

The G20 Leaders’ Summit discussed in a side meeting an aim of the Saudi G20 2020 Presidency, Safeguarding the Planet, and called for collective work to achieve the goals of the Circular Carbon Economy (CCE).

In their communiqué, the G20 leaders endorsed the Circular Carbon Economy with its four Rs framework (Reduce, Reuse, Recycle and Remove).

Watch the video to know more about the CCE

Upcoming Webinar

On November 24, KAPSARC will hold a webinar to ponder the market and how technological advancements are contributing to making utility-scale storage more competitive.

The webinar will be focused on the storage technology that can be deployed at the generation, transmission, and distribution segments and how we should go about regulating storage.

Register here to know more about the future of storage technology.

KAPSARC Oil Market Outlook

The KAPSARC Oil Market Outlook (KOMO) for Q4 2020 is now available. The report provides a comprehensive overview of world oil markets, including the impact of COVID-19 on the oil market, supply and demand balances, crude oil inventories, and Brent crude oil prices.

 

Learn more here

Vision2030 Dynamic Input-Output Tool

Along with the aim of Saudi Arabia to transfer its economy into a sustainable one in the future, KAPSARC has released a new version of Vision2030 Dynamic Input/Output Tool.

 

Vision2030 Dynamic Input/Output Tool will support people around the world to explore and simulate the reaction to major economic factors in 2020, 2025 and 2030. The tool uses RAS method to reflect the future structure of the Saudi economy to get reliable and accurate data.
Explore the tool here

Study Summaries Podcast

KAPSARC Study Summaries podcast released a new Arabic-language episode of a recent Discussion Paper entitled Saudi Arabia’s Unfolding Power Sector Reform: Features, Challenges and Opportunities for Market Integration-Part 1.

 

The episode discusses the growth of energy consumption in Saudi Arabia and its factors, such as population growth, strong economic and industrial development, improvements in living standards, harsh weather conditions, and low energy prices in the past.
Listen to the podcast

Guide to the Circular Carbon Economy

KAPSARC recently launched a dedicated website for the circular carbon economy (CCE), in collaboration with the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the Nuclear Energy Agency (NEA), the Global CCS Institute (GCCSI), and the Organisation for Economic Co-operation and Development (OECD).

 

The CCE Guide describes key aspects of the 4Rs approach to managing carbon emissions: Reduce, Reuse, Recycle, Remove.
Discover more

Latest Publications

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China’s Green Freight Policy

China’s Green Freight Policy

In September 2019, China’s National Development and Reform Commission (NDRC), together with the Ministry of National Resources, the Ministry of…

Shuxue Chen, Xun Xu

October 13, 2020

Kapsarc data tools

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We provide free access to KAPSARC’s data and research tools, to advance the understanding of energy economics and environment policy.

Crude Oil Storage Cost

CrudeStore App

This model represents a spread option-based formulation that adds a locational dimension to the conventional storage theory and is based on the prices of crude oil at two different locations, factoring in costs of storage and transportation, and the time required to transport oil between them.

This methodology offers a viable alternative to the traditional cost of carry approach; it can also estimate implied convenience yields and the shadow price of inventories, aiding commodity trading strategies.

The three key drivers of inventories—the cost of carry, convenience yield and spread option value—are estimated for eight primary international crude oil storage hubs located at major seaports using daily data from December 21, 2015 to January 25, 2019.

 

Vision 2030 Dynamic Input-Output Tool

Go to the application

Saudi Arabia aims at transforming its hydrocarbon resource-rich economy into a sustainable and diversified one over the coming decade. With this goal in mind, the Vision 2030 initiative introduces a set of complex socio-economic transformation targets. As a result, diversification is expected to significantly change the sectoral composition of the economy, with the manufacturing and service sectors becoming further pillars of sustainable growth. This tool allows for a medium-term impact analysis based on relevant IOT with updated inter-industry flows and technical coefficients matrix.

KAPSARC Energy Data Portal

Go to the data portal

The KAPSARC Energy Data Portal is available to anyone seeking energy data for research. It is designed to enable users to better understand energy, including energy economics and energy policies.

 

The portal is updated regularly to include new data sets with the aim of expanding the scope of coverage as well as keeping the information current. Data sets can currently be exported in CSV, JSON, EXCEL formats or accessed using API for use in mobile and web applications.

KAPSARC Transport Analysis Framework (KTAF)

Go to the application
The KAPSARC Transport Analysis Framework (KTAF), is a tool for estimating freight transport activity and measuring the impact of transport policy measures using freely available global data sources, satellite images and nighttime lights.

 

Our methodology offers a solution to inadequate data access and allows for scenario building in policy planning for transportation. This approach allows for quick estimation of the effects of policy measures and economic changes on transportation activities at a global level.

 

The application is available in both Arabic and English. For more detail on the methodology supporting the KTAF web application, refer to the download section of the help page.

KAPSARC fuel substitution calculator

Go to the toolkit

This app has been inspired by the fuel substitution witnessed in Japan after the Fukushima disaster, which saw 50 GW of nuclear capacity go offline. Natural gas, coal and petroleum products were used to replace nuclear power. We developed this calculator to estimate what volume of a given fuel would be needed to generate the same power of the displaced or substituted fuel.

KAPSARC Datahub

Go to the application

KAPSARC Datahub is an open source platform designed to manage energy model open data and it’s versions, provides features to make API calls on any version of the open data you will need to consume from your modeling environment. Datahub helps to delineate open data management function from your model development. Manage open data in datahub, develop model in modeling ecosystem and call open data when needed

Saudi Arabia Energy Policy Simulator

Go to the application
Saudi Arabia Energy Policy Simulator is designed to address the research question: What are Saudi Arabia’s domestic energy policy options for a sustainable and resilient energy future?

 

Energy policy choices in Saudi Arabia can affect the domestic output of CO2 and other emissions, impact consumer costs, and alter energy export revenues. This easy-to-use tool illustrates the interactions and cumulative effects of some of the most common measures that are used around the world to help lower emissions and improve energy efficiency. The Saudi Arabia Energy Policy Simulator (EPS) is a free and open-source computer model jointly created by Energy Innovation LLC and the King Abdullah Petroleum Studies and Research Center (KAPSARC).

 

The Energy Policy Simulator allows you to examine the effects of potential energy policies, build your own policy package, and see immediately how shifts in policy variables can change the outcomes. Try it using the button below or see the documentation for a downloadable, customizable version.

Latest news

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KAPSARC Offers a New Vision for Ambitious Climate Change Mitigation by Oil Exporters

KAPSARC Offers a New Vision for Ambitious Climate Change Mitigation by Oil Exporters

November 8, 2020 General news
Electricity Consumptions dropped after Energy Price Reforms in Saudi Arabia

Electricity Consumptions dropped after Energy Price Reforms in Saudi Arabia

October 25, 2020 General news
A Webinar Highlighting the Best Practices of Data, Energy Economics Models Management in Saudi Arabia

A Webinar Highlighting the Best Practices of Data, Energy Economics Models Management in Saudi Arabia

October 22, 2020 General news

Research initiatives

Evaluation of Public Investment Projects

Evaluation of Public Investment Projects

The Kingdom has begun to diversify its economy, changing its resource use and creating new development opportunities. This initiative assesses the opportunity costs of Saudi energy resources to…

See initiative

Publications

  • 5 Discussion papers
Future of Transport and Fuel Demand

Future of Transport and Fuel Demand

This initiative aims to advance the understanding of passenger transport energy demand using a network analysis of future passenger transport activity, starting from Riyadh, Saudi Arabia. It also…

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Publications

  • 3 Commentaries
  • 1 Discussion paper
  • 1 Data Insight
Regional Energy Markets

Regional Energy Markets

This initiative analyzes energy market integration among Gulf Cooperation Council countries, the implications of China’s changing energy demand, energy policies and security strategies for Saudi Arabia. It also…

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Publications

  • 2 Data Insights
  • 1 Methodology paper
  • 1 Workshop brief
  • 1 Instant Insight
Climate Change Policies and Governance

Climate Change Policies and Governance

This initiative will investigate emissions-reduction policies to provide options to Saudi policymakers as they implement the Paris Agreement and prepare to negotiate the new nationally determined contributions. It…

See initiative

Publications

  • 1 Discussion paper
  • 1 Workshop brief
  • 2 Commentaries
  • 1 Instant Insight
Future of Global Oil Markets

Future of Global Oil Markets

This initiative investigates what role oil can play in an environmentally sustainable future energy and feedstock mix. It also considers the extent to which the Kingdom needs to…

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Publications

  • 2 Reports
  • 2 Discussion papers
  • 1 Commentary
Future of Natural Gas Markets

Future of Natural Gas Markets

This initiative explores the potential of Saudi Arabia’s consumption, domestic supply, and natural gas trade in the global context. It will provide a roadmap for a functioning, competitive…

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Publications

  • 2 Workshop briefs
  • 1 Commentary
  • 2 Data Insights
Electricity Sector Transitions

Electricity Sector Transitions

This initiative explores the role of electric power in the energy transition and investigates how the transition will affect the global supply of and demand for electricity. How…

See initiative

Publications

  • 2 Data Insights
  • 2 Discussion papers
  • 1 Workshop brief
Energy and Economic Vulnerability

Energy and Economic Vulnerability

In an interconnected world, national economies and societies are vulnerable to global energy price shocks and disruptions to energy systems. This initiative will explore policies that can help…

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Publications

  • 2 Commentaries
  • 2 Discussion papers
  • 1 Workshop brief
Models, Data and Tools

Models, Data and Tools

This research aims to assess the opportunity costs of Saudi energy resources, to inform Saudi Arabia’s economic decision-making. It will also help shape a framework for evaluating public…

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Publications

  • 4 Discussion papers
  • 1 Commentary
Productivity and Economic Diversification

Productivity and Economic Diversification

This initiative focuses on the relationship between employment and sustainable economic growth in Saudi Arabia, and the determining factors that lead to business growth and job creation. It…

See initiative

Publications

  • 1 Instant Insight
  • 2 Commentaries
  • 2 Discussion papers
24 Nov

Utility-Scale Storage: Sleeping Giant or Mirage?

Several market and technological advancements are contributing to making utility-scale storage more competitive. What are these advancements and what are the projected cost reductions that can be attained? On a different note, storage is a technology that can be deployed at the generation, transmission, and distribution segments. Further, it can compete in energy, capacity, and […]

08 Dec

Advancing Market Integration and Decarbonization: How…

The webinar is co-hosted with the Oxford Institute for Energy Studies (OIES), and King Fahad University of Petroleum & Minerals (KFUPM)  The King Abdullah Petroleum Studies and Research Center (KAPSARC), in conjunction with the Centre on Regulation in Europe (CERRE), is organising the workshop “Advancing market integration and decarbonisation: How to ensure a smooth transition?” […]

09
10 Dec

Would Shale Impede or Accelerate the…

The webinar is co-hosted with the Oxford Institute for Energy Studies (OIES), and King Fahad University of Petroleum & Minerals (KFUPM)  Over the past decade, the shale boom created a shift in the world’s energy landscape, economy, and politics. Tight oil and shale gas production have been adversely impacted by recent events in the oil […]

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KAPSARC | كابسارك@KAPSARC
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The oil market is undergoing structural changes due to the shale oil revolution and the prospect of plateauing or peaking oil demand. We simulate a global oil market without a residual supplier that organizes production levels or manages oil prices.

11:00 - November 24, 2020
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تمثل الولايات المتحدة الأمريكية والهند ثاني وثالث أكبر الدول التي ركّبت تقنيات الطاقة الشمسية الكهروضوئية في عام 2019م؛ إذ ركبت الولايات المتحدة 13 جيجاواط وركبت الهند 10 جيجاواط. للمزيد حول الاتجاهات في التركيب العالمي للطاقة الشمسية الكهروضوئية: kapsarc.org/ar/research/pu… https://t.co/N7UhiVxugo

13:00 - November 23, 2020
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In the age of power transition, #KAPSARC's initiative investigates how the transition will affect the global supply of and demand for electricity, and how Saudi Arabia can mitigate the risks and capitalize on the opportunities presented by this transition.

10:00 - November 23, 2020
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#KAPSARC president @Adam_Sieminski speaking to @CNBC about the role of #OPEC and the opportunities for conversation in setting the #Oil prices. رئيس #كابسارك آدم سيمنيسكي يتحدث عن دور #اوبك والفرص التي تتيحها المحادثات في تحديد أسعار #النفط. https://cnb.cx/2Xuk8xn
8 Months, 22 Days Ago 42 Likes
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شارك #كابسارك كشريك معرفي في الندوة التاسعة لمنتدى الطاقة الدولي، والتي ينظمها بالتنسيق مع #اوبك وكالة الطاقة الدولية لمناقشة مستقبل #الطاقة، حيث أدار رئيس المركز جلسة بعنوان “وجهات النظر حول آفاق مستقبل الطاقة بين صنّاع القرار والخبراء على المدى القصير والمتوسط والطويل”
8 Months, 23 Days Ago 14 Likes
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#kapsarc participated as a knowledge partner at the 9th #IEA #IEF #OPEC Symposium on #Energy Outlooks. As KAPSARC President @Adam_Sieminski moderated a session entitled “Key Stakeholder and Industry Views on Short-, Medium-, and Long-Term Energy Outlooks”.
8 Months, 23 Days Ago 36 Likes

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