KAPSARC developed a specific tool in order to measure countries’ progress in and potential for achieving circular carbon economies (CCEs). The Index is based on two sub-indices that aims to help energy and climate policymakers and stakeholders to quantify and compare country performance and potential on the CCE.
The Circular Carbon Economy (CCE) Index is a tool for energy and climate policymakers and stakeholders to quantify and compare country performance and potential for reaching CCEs. The index measures and benchmarks major economies and oil-producing countries on two temporal dimensions: The CCE Performance sub-index measures countries’ current performance on the various CCE activities (e.g., energy efficiency, renewable energy, fuel switching, or carbon capture and storage). The Enablers sub-index gauges how countries are positioned to progress toward the CCE based on key enabling factors.
As a response to recommendations from the “Energy Open Data Ecosystem, Policy Scenario Models & Tools” workshop series organized by KAPSARC since 2018, IEF and KAPSARC have jointly examined KAPSARC data and modeling resources to improve energy balance compilation with Saudi Arabia as a case study. The project successfully identified key opportunities and challenges in improving existing energy balances compiled by reputable international organizations.
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.
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.
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.
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.
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.
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…
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…
Celebrate the journey and remarkable achievements of our colleague @Adam_Sieminski. After five years of dedication, we thank him for his invaluable contributions to KAPSARC's success in the energy sector and wish him all the best on his future endeavors. #ThankYouAdam#Shukranhttps://t.co/623C63SZHT
14:41 - March 29, 2023
Listen in as President @fahadma and experts discuss the role of CCUS technologies in managing carbon emissions at the second International Energy Forum High-Level Round Table ⬇️ twitter.com/IEF_Dialogue/s…
In line with Environment Week, we would like to introduce CCE Index, as a new tool developed by our experts for #energy and climate policymakers and stakeholders to quantify and compare country performance and potential on the CCE. #kapsarc
Celebrate the journey and remarkable achievements of our colleague Adam Sieminski. After five years of dedication, we thank him for his invaluable contributions to #KAPSARC's success in the energy sector and wish him all the best on his future endeavors. #ThankYouAdam #Shukran
1 Day Ago
Listen in as President Fahad Alajlan and experts discuss the role of CCUS technologies in managing carbon emissions at the second IEF - International Energy Forum High-Level Round Table ⬇️ We cannot achieve net zero without large scale #CCUS. Today there is less than 50 million tons of projects globally. By 2030 we have to increase that by more that 20 times - a very difficult challenge.
Fahad Alajlan, President, KAPSARC
2 Days Ago
On the two-year anniversary of HRH the Crown Prince announcing the Saudi Green Initiative, we celebrate the whole of society effort that is moving the needle on climate action in Saudi Arabia.
A greener future is coming.
Learn more: greeninitiatives.gov.sa
3 Days Ago
Today, be part of #kapsarc by turning off all the non-essential electric lights during the #EarthHour2023 🕗🌍. Every minute and every hour counts!
5 Days Ago
Our peer-reviewed article published and featured in the Climate Policy Journal examines the potential for the CCE concept to deliver enhanced action on #climatechange in #saudiarabia and shows how CCE could be applied, with an eye on the global context of accelerating climate action.
Explore more by clicking the photo below: #kapsarc
7 Days Ago
8 Days Ago
In line with #Environment Week, we would like to introduce the Circular Carbon Economy Index (CCE Index), as a new tool developed by our experts for #energy and #climate policymakers and stakeholders to quantify and compare country performance and potential on the CCE.
10 Days Ago
11 Days Ago
At #CERAWeek, Axel Pierru explained how strategic #OPEC+ market management nearly halved oil price volatility. An invaluable insight into the oil markets - Check it out now! 📈➡️ https://lnkd.in/dGZwnYZu
16 Days Ago
We were delighted to welcome Her Excellency the Ambassador of Sweden in Saudi Arabia, Petra Menander, at #KAPSARC today.
She learned about our Center as well as the CCE index and its role in quantifying and comparing countries' performance in managing emissions.
We also had in depth discussion on how to bolster collaboration to reach global #methane pledges and enhance #energy transition. Embassy of Sweden in Riyadh