Understanding the Role of Renewable Energy in Import Demand for Petrochemicals Is the Prevailing Perception More Imagined Than Real?

The prevailing perception is that the transition to renewable energy will lead to a decrease in demand for hydrocarbons and petrochemicals. The present work empirically demonstrates that this common sense may be more imaginary than real: it finds evidence that the renewable energy development may have a positive impact on hydrocarbons through its growing demand for petrochemicals.

Fakhri Hasanov

Senior Principal- Energy Macro & Microeconomics Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience…

Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience in econometric modeling and forecasting. Since 2015, he has been involved in multistakeholder projects, leading and executing macroeconomic analysis of various policy choices and initiatives (e.g., energy prices, energy demand, and fiscal reforms) for the Kingdom’s economy. He has extensive experience working with policymakers. Prior to KAPSARC, he was a post-doc at George Washington University.

His research mainly covers macro-econometric modeling for energy and environmental economics policy analyses. Dr. Hasanov has authored 50+ applied studies published in reputable journals such as Energy Policy, Energy Economics, Empirical Economics, and Energy Strategy Review. His research is recognized internationally (e.g., he is listed among the top 2% of scientists globally by Elsevier). Fakhri is an editorial board member of various peer-reviewed journals, such as Frontiers in Environmental Science. He holds a Ph.D. in econometrics.

Expertise

Econometric modeling and forecasting
Time series and panel data econometrics
Macroeconometric models for policy analyses
Energy economics
Environmental economics.

Publications See all Fakhri Hasanov’s publications

Do Rising and Falling Oil Prices Affect Non-Oil Trade Balance Equally? Evidence from OPEC Countries

Publications See all Evar Umeozor’s publications

Can the Dangote Refinery Deliver on its Promise?

The prevailing perception is that the transition to renewable energy will lead to a decrease…

3rd November 2024