Climate Change Policies and Governance The Circular Carbon Economy Index 2021 – Results Mari Luomi, Fatih Yılmaz, Thamir Al Shehri There is an urgent need to align global carbon dioxide and other greenhouse gas emissions with climate-safe trajectories. A broad range of technologies and approaches are needed to achieve this cost-effectively and equitably. The circular carbon economy (CCE) concept provides… Luomi, Mari Yılmaz, Fatih Al Shehri, Thamir
Electricity Sector Transitions Renewables, Reliability and Efficiency in Electricity Markets Frank Felder, Marie Petitet The choice to use electricity markets to transition to an ultra-high renewable electricity sector depends on whether a high level of reliability and efficiency can be achieved. This study presents a reliability, resiliency and adaptability policy framework for a liberalized… Felder, Frank Marie Petitet
Productivity and Economic Diversification What Drove Saudi Arabia’s 2020 Fall in CO2 Emissions? Thamir Al Shehri, Jan Frederik Braun, Anwar Gasim, Mari Luomi In June 2021, the energy data provider Enerdata released its initial estimates for Saudi Arabia’s 2020 carbon dioxide (CO2) emissions. The data indicate that the Kingdom’s CO2 emissions from fuel combustion decreased by 3.3%, from 508.3 million tonnes of CO2… Al Shehri, Thamir Braun, Jan Frederik Gasim, Anwar Luomi, Mari
Models, Data and Tools Saving Costs and Emissions by Reforming Electricity Prices in Saudi Arabia: A Counterfactual Assessment Abdulelah Darandary, Jeyhun Mikayilov, Hatem Al Atawi Electricity price reforms are generally regarded as a mechanism to reduce distortions in energy markets, improve energy efficiency, and increase government revenue. However, an additional co-benefit of such policy measures is lowering greenhouse gas (GHG) emissions. Darandary, Abdulelah Mikayilov, Jeyhun Al Atawi, Hatem
Productivity and Economic Diversification Cost-Effectiveness of Energy Efficiency and Renewable Energy Technologies for Reducing Peak Demand Moncef Krarti, Mohammad Aldubyan This paper describes an optimization-based approach to evaluate measures providing peak electricity demand reduction cost benefits for Saudi residential buildings. These measures can be categorized as energy efficiency (EE) and renewable energy (RE) measures. Specifically, this paper models the existing… Krarti, Moncef Aldubyan, Mohammad
Climate Change Policies and Governance The Implications of Soaring Gas and Coal Prices on Europe’s Energy Poverty Trap Fateh Belaïd With the recovery of the world economy following the easing of restrictions designed to contain COVID-19, energy demand has surged even as natural gas stocks were dangerously low. This triggered one of the first significant energy shocks of the green… Belaïd, Fateh
How Do Bankruptcies in the Shale Sector Induce Operators to Focus on Value Creation? Majed A. Al Suwailem Between January 2015 and early 2021, about 76 of the approximately 2,160 small-to-medium independent companies in the tight oil sector filed for Chapter 11 protection. These filings mostly occurred in 2016 and 2019. These companies were negatively impacted by the… Al Suwailem, Majed A.
Aviation Fuel Consumed and Passengers Carried in Saudi Arabia Abdulrahman Alwosheel, Andres Felipe Guzman, Abu Toasin Oakil The air transport sector in Saudi Arabia has an important impact on the economy (e.g., job creation, gross domestic product, and gross value added). Over 690 routes are registered in the Kingdom of Saudi Arabia for both domestic and international… Alwosheel, Abdulrahman Felipe Guzman, Andres Oakil, Abu Toasin
Residential Energy Model for Evaluating Energy Demand and Energy Efficiency Programs in Saudi Residential Buildings Science Direct Mohammad Aldubyan
Theoretical framework for industrial energy consumption revisited: The role of demographics Science Direct Fakhri Hasanov
Why are European Wholesale Electricity Prices Soaring? Marie Petitet, Fateh Belaïd Since the beginning of summer 2021, European wholesale electricity prices have been soaring to historic highs. The average day-ahead price of electricity for central European countries more than doubled between June and September, reaching 170 euros per megawatthour (e/MWh) on… Marie Petitet Belaïd, Fateh
Models, Data and Tools Oil Market Shocks and Financial Instability in Asian Countries Fakhri Hasanov, Leila Dagher There is no commodity whose interlinkages with the macroeconomy have been studied as extensively as oil, starting with Hamilton’s (1983) seminal study. Thousands of subsequent studies have examined the relationship between oil prices and various economic variables, including the stock… Hasanov, Fakhri Dagher, Leila
Oman’s Second Nationally Determined Contribution (NDC) Mari Luomi, Aisha Al-Sarihi In July 2021, Oman submitted its second nationally determined contribution to the Paris Agreement on climate change (NDC). In the NDC, Oman pledges to reduce its greenhouse gas (GHG) emissions by 7% relative to a business-as-usual (BAU) scenario by 2030.… Luomi, Mari Al-Sarihi, Aisha
Economic Structural Change and Freight Transport Demand in China Energy Policy Xun Xu, Tianduo Peng, Nicholas Chase
The Sensitivity of Oil Price Shocks to Preexisting Market Conditions: A GVAR Analysis Science Direct This study develops a Global Vector Autoregression (GVAR) model to simulate various types of shocks to oil markets and to see whether such shocks are time-sensitive in oil markets. Our model extends the canonical Mohaddes and Pesaran (2016) model temporally… Jennifer Considine, Emre Hatipoglu, Abdullah Aldayel
The Impact of Total Factor Productivity on Energy Consumption: Theoretical Framework and Empirical Validation Science Direct Jeyhun Mikayilov, Fakhri Hasanov
Electricity Sector Transitions Will COP26 Recognize a Role for Nuclear Energy in the Clean Energy Mix? Noura Mansouri, Adnan Shihab-Eldin Next month, the 2021 United Nations Climate Change Conference (COP26), hosted by the United Kingdom, will discuss the big challenge facing the world’s governments, which is how to limit the average rise in global temperatures above pre-industrial levels to below… Mansouri, Noura Adnan Shihab-Eldin
Future of Global Oil Markets KAPSARC Oil Market Outlook (KOMO) The drivers of this quarter’s global demand outlook stem from multiple factors (i.e., a slower roll-out of vaccinations in developing countries, multiple continued lockdowns in several countries, rising inflation, including shipping costs, lagging delivery times, the usual seasonal behavior of…
How the Circular Carbon Economy Index Can Serve Policymaking: Case Study of Saudi Arabia Mari Luomi, Fatih Yılmaz, Thamir Al Shehri The Circular Carbon Economy (CCE) Index is a tool developed by KAPSARC for energy and climate policymakers and stakeholders to quantify and compare country performance and potential on the CCE. The CCE is a relatively new concept. It aims to… Luomi, Mari Yılmaz, Fatih Al Shehri, Thamir
Climate Change Policies and Governance The Circular Carbon Economy Index 2021 – Methodology Mari Luomi, Fatih Yılmaz, Thamir Al Shehri The Circular Carbon Economy Index (CCE Index) aims to measure countries’ progress in and potential for achieving circular carbon economies (CCEs). The CCE Index is based on two sub-indices: one for measuring countries’ current performance in the various dimensions of… Luomi, Mari Yılmaz, Fatih Al Shehri, Thamir
