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KAPSARC was happy to participate in the fifth workshop on "Exchanging experiences in the field of building and using economic models and their applications." The workshop in Riyadh was organized by the Office of the Economic and Development Affairs Commission (EDAC) of The Cooperation Council for the Arab States of the Gulf (GCC). The workshop served as a forum for knowledge exchange for professionals in the GCC to discuss their expertise in developing and using macroeconomic, energy, and big data models to support decision-making and policy assessment. Special thanks to Khalid Al Alsheikh, Director General of EDAC, for organizing this event and for his exceptional engagement. Additional gratitude is extended to KAPSARC experts Amro Elshurafa, PhD, MBA, Raed Algowear Almestneer, Ph.D., and Abdullah Aljarboua for bringing forth their share of knowledge in the field of energy economics.

2 Days Ago

In the spirit of advancing knowledge and learning as one of our core cultural values, KAPSARC held its second poster session this year featuring teams from transportation & infrastructure, consulting, utilities & renewables, and IT. With that in mind, the transportation & infrastructure team presented different use cases of earth observation data. This type of data is used to create value added products that can be utilized in KAPSARC to support both applied-research and consulting projects. Meanwhile, the consulting team showcased some of their ongoing consulting undertakings, including a national cost analysis in the event that a gasoline distribution pipeline ceases operation. As for the power sector, if emerging technologies are utilized, the sector can save more than $80 billion cumulatively and prevent a total of 8.8 billion tonnes of carbon emission by 2025, according to the utilities & renewables team. Lastly, the IT team presented the Center’s ongoing efforts to digitalize internal processes for increased productivity and efficiency. These new processes will include digital signatures and business visitor access management. Explore more about KAPSARC and its different departments via https://www.kapsarc.org/.

3 Days Ago

KAPSARC congratulates the Saudi national team on their win today in their first game at #FIFAWorldCup2022. We were thrilled to have organized a screening for all employees to witness this well-deserved victory and display of excellence.

8 Days Ago

As our time at #cop27 is about to end, watch some of our experts' highlights during the summit while they shared their knowledge to support the fight against climate change. Noura Y. Mansouri, PhD, MBA discussed the green transition in the Middle East at the New York Times Climate Forward, as we as moderated two sessions at the #saudiarabia Pavilion. Fatih Yılmaz said during his panel at International Emissions Trading Association that developing country economies rely more on carbon-intensive sectors, in which case, they will need to invest significantly in carbon capture, utilization and storage technologies. Yet, the ESG funds needed are not there to support this. Shahid Hasan said that hydrogen is becoming an important option to realize net-zero emissions during his participation at the Japan Pavilion. Evar Umeozor, PhD PEng, highlighted the innovation solutions for the plastic circular economy at the Saudi Pavilion. A huge shout-out of thanks to the entire team for their contributions at #cop27egypt.

13 Days Ago

Yesterday, we cohosted a side event at #cop27 with Islamic Development Bank (IsDB) to shed light on the role of #energy efficiency in reaching carbon neutrality. Our VP of Knowledge and Analysis Fahad M. Alturki, PhD pointed out during the event that, "Many countries are targeting carbon neutrality by the second half of the century. Investment in energy efficiency will power the opportunity to balance between the energy transition and the challenges of economic development." “Saved energy during the last two decades has delivered half of the world’s decarbonization,” our expert Fateh BELAÏD mentioned during the side event. A massive thanks to the moderator of the session Mohammad Aldubyan, the participants, and the whole team who worked behind the scenes to make this event happen. #cop27egypt

14 Days Ago

Yesterday, #KAPSARC cohosted a COP 27 side event with the Institute of Energy Economics, Japan - IEEJ to highlight the role of finance in achieving the net-zero energy transition from the Asian perspective. In his introductory remarks, our President Fahad Alajlan mentioned that the multilateral development banks or donors play an important role in encouraging the institutional investors to come in, by providing equity, which currently makes up only a small share of their commitment. The Institute of Energy Economics, Japan - IEEJ Chairman, Mr. Tatsuya Terazawa, stressed on the importance of finance to ensure that we can make the transition. Our expert Fatih Yılmaz said that significant investment gaps persist on the road to achieving the Paris Agreement goals in almost all countries, which are strikingly high in developing countries. ESG finance penetration is extremely unequal and mostly unutilized by many developing countries. A big thank you to our moderator Salaheddine Soummane, the wondaful team and everyone who attended! #cop27

15 Days Ago

📢📢Calling all #cop27 attendees Our joint side event with Institute of Energy Economics, Japan - IEEJ on bridging the investment gap for sustainable #energy transition will be held tomorrow. Meet us at the room 5 (300) in the blue zone at 4:45 (Egypt Time) PM. Don't miss it.

16 Days Ago

Adam Sieminski, Senior Advisor to the Board of Trustee at #KAPSARC, highlighted the importance of two reports recently published by KAUST (King Abdullah University of Science and Technology) and our Center on the role of the circular carbon economy in fighting climate change, during his panel discussion at the Saudi Pavilion at #cop27. A big thanks to our expert Noura Y. Mansouri, PhD, MBA, for moderating today's panel.

17 Days Ago

Yesterday, #KAPSARC launched the second edition of the CCE Index at #cop27 during the side event that we held in collaboration with Islamic Development Bank (IsDB). Vice President of Knowledge and Analysis, Fahad M. Alturki, PhD mentioned during the event that the CCE Index is a composite indicator that we have developed in-house at KAPSARC, which measures and compares countries’ current performance on the CCE and their potential to transition toward CCEs, or net-zero economies. As last year, we are launching the second edition of the CCE Index at the COP. Our colleague Fatih Yılmaz pointed out that the challenging task for a successful transition is how to address the large enabling gaps across countries in areas like technology and access to sustainable finance. Additionally, Thamir Alshehri said that we have expanded the CCE index from 30 countries to cover 64 countries. The coverage now extends over approximately 90% of the global GDP and CO2 emissions. While we have kept the focus on the larger economies, this year’s edition adds a significant amount of geographic diversity, in response to calls from many of our stakeholders. We will be posting about our index in the next few days. Stay tuned for more!

17 Days Ago

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