Publications

Understanding the Evolution of the Impact and Cost-Effectiveness of Electric Vehicle Subsidies

Tamara Sheldon, Omar Al Harbi, Rubal Dua

Our previous research found that promoting plug-in electric vehicle (PEV) adoption through financial subsidies is expensive. In this commentary, we explore how the cost-effectiveness of the PEV subsidy program has evolved over time. To understand this evolution, we developed vehicle…

Sheldon, Tamara

Omar Al Harbi

Dua, Rubal

Gasoline Demand in Saudi Arabia: Are The Price and Income Elasticities Constant?

Taylor & Francis

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

What Happened to Residential Electricity Consumption in Saudi Arabia Between 2015 and 2018?

Mohammad Aldubyan, Anwar Gasim

Between 2007 and 2018, residential electricity consumption in Saudi Arabia increased by 45%, from around 89 terawatthours (TWh) to 130 TWh (SAMA 2019). Population and gross domestic product (GDP) are two key factors that influence residential electricity consumption.

Aldubyan, Mohammad

Gasim, Anwar

The FDI-CO2 Nexus From The Sustainable Development Perspective: The Case of Azerbaijan

Taylor and Francis Online

The current study explores the effect of Foreign Direct Investment (FDI) on CO2 emissions in Azerbaijan utilizing time series data spanning from 1996 to 2013. The structural time series modeling (STSM) approach is employed in empirical estimations. The STSM framework allows…

Shahriyar Mukhtarov, Shahriyar Aliyev, Jeyhun Mikayilov, Altay Ismayilov, Anar Rzayev

The Impact of Restricted Mobility Due to COVID-19 in Saudi Arabia

Alma Alhussaini, Nourah Al Hosain

Seven months since the first COVID-19 case was identified in Wuhan, China, the contagious and vastly transmissive virus has continued to spread and grow into a global pandemic affecting more than 20 million people. When the World Health Organization (WHO)…

Alma Alhussaini

Al Hosain, Nourah

The FDI-CO2 Nexus From The Sustainable Development Perspective: The Case of Azerbaijan

Taylor & Francis

Jeyhun Mikayilov

The Future of Cooling in Saudi Arabia: Technology, Market and Policy Options

The world needs cooling. Air conditioning (AC) and refrigeration protects our health and productivity at home and work, and supports a host of critical services such as internet data centers, food delivery, and medicine. Around 1.6 billion AC units are…

Realizing the G20’s Vision for a Resilient Grid During the Power Sector’s Transformation

Turki Alaqeel, Shahid Hasan

In many parts of the world, summer and fall bring unpleasant climate events such as hurricanes, wildfires, floods, tornados, or thunderstorms that disturb energy systems, especially power grids. These events impact power demand and disturb the power sector’s supply. Electricity…

Alaqeel, Turki

Hasan, Shahid

Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia: Modeling Regional Residential Electricity Demand

Science Direct

Jeyhun Mikayilov, Abdulelah Darandary, Ryan Alyamani, Fakhri Hasanov, Hatem Al Atawi

Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi Arabia

Olivier Durand-Lasserve, Hossa Almutairi, Abdullah AlJarboua, Frederic Murphy, Shreekar Pradhan, Axel Pierru

This paper simulates the sectoral and economy-wide consequences of deregulating energy prices in Saudi Arabia. Our analysis is based on KAPSARC’s general equilibrium energy model (KEMGE), a new hybrid computable general equilibrium model (CGE). The model examines the effects of…

Durand-Lasserve, Olivier

Almutairi, Hossa

AlJarboua, Abdullah

Murphy, Frederic

Pradhan, Shreekar

Pierru, Axel

Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?

Taylor and Francis Online

The paper investigates gasoline consumption in case of oil-exporting country applying Time-varying Coefficient Cointegration approach to the data from 1980 to 2017. Empirical estimations show that long-run income and price elasticities are not constant and are responsive to price and…

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

KAPSARC Oil Market Outlook

The global oil market is likely to move into deficit as early as this quarter. The most significant driver of this shift has been strong compliance with the production cuts agreed by OPEC and its partners (OPEC+) at the group’s…

Cooperate or Compete? Insights from Simulating a Global Oil Market with No Residual Supplier

Bertrand Rioux, Abdullah AlJarboua, Fatih Karanfil, Axel Pierru, Shahd Alrashed, Colin Ward

Structural changes in the global oil sector are disrupting conventional market dynamics and the roles played by competing and cooperating producers. Industry players are adjusting to the shale (or ‘tight’) oil revolution and the possibility of plateauing or peaking global…

Rioux, Bertrand

AlJarboua, Abdullah

Karanfil, Fatih

Pierru, Axel

Alrashed, Shahd

Ward, Colin

Trends in Global Solar PV Installation

Amro Elshurafa

Dozens of governments around the world have supported, and still support, renewable energy technology deployment, including solar photovoltaics (PV). This has been driven by their ambitions to be energy independent, meet carbon emissions reduction targets, and contribute to their domestic…

Elshurafa, Amro

Toward Fiscal Stability and Sustainable Development: The Role of Sovereign Funds in Saudi Arabia

Nader AlKathiri

The study, “Optimal Policies for Managing Oil Revenue Stabilization Funds: An illustration using Saudi Arabia,” conducted by researchers from KAPSARC, was recently published in the journal Resources Policy. It developed a model that optimizes the buildup and drawdown of a stabilization fund. It…

AlKathiri, Nader

The Fiscal Response to COVID-19 in Saudi Arabia

Nader AlKathiri, Abdulelah Darandary, Ryan Alyamani

The COVID-19 pandemic and the efforts to combat it have led to major global disruptions. Policymakers are faced with a dilemma that is not easily resolved. On the one hand, they are striving to protect public health by containing the…

AlKathiri, Nader

Darandary, Abdulelah

Alyamani, Ryan

The Impact of Recent Changes to China’s Plug-In Electric Vehicle Subsidy Design

Tamara Sheldon, Rubal Dua

Subsidies that promote plug-in electric vehicle (PEV) adoption have been a key component of China’s overall plan for reducing local air pollution and the greenhouse gas emissions from its light-duty vehicle sector. Since 2009, PEVs qualify for substantial rebates (up…

Sheldon, Tamara

Dua, Rubal

The Impact of Fiscal Policy on Non-Oil GDP in Saudi Arabia

Fakhri Hasanov, Nader AlKathiri, Saad Alshahrani, Ryan Alyamani

A clear objective of Saudi Vision 2030, the strategic roadmap for the future of the Kingdom of Saudi Arabia, is to put the non-oil sector at the heart of the country’s economic development. The vision realization programs (VRPs), such as…

Hasanov, Fakhri

AlKathiri, Nader

Alshahrani, Saad

Alyamani, Ryan

Simulating a Global Oil Market With No Residual Supplier

Bertrand Rioux, Abdullah AlJarboua, Fatih Karanfil, Axel Pierru, Shahd Alrashed, Colin Ward

Motivation and objective of the study What if OPEC decided to abandon organizing residual production collectively, transitioning the world permanently to a competitive oil market? This commentary is based on a forthcoming KAPSARC paper, “Cooperate or Compete? Insights from Simulating…

Rioux, Bertrand

AlJarboua, Abdullah

Karanfil, Fatih

Pierru, Axel

Alrashed, Shahd

Ward, Colin

Saudi Arabia’s CO2 Emissions Steady in 2019 Ahead of Expected 2020 Fall Due to COVID-19

Nicholas Howarth, Alessandro Lanza, Thamir Al Shehri, Jan Frederik Braun

The 2019 data on carbon dioxide (CO2) emissions have just been released ahead of an expected large fall in CO2 emissions in 2020 due to the impact of COVID-19. On June 3, Enerdata released its data for Saudi Arabia’s 2019…