Publications

Inter-fuel substitution in the industrial sector of Saudi Arabia

Science Direct

Muhammad Javid

The Circular Carbon Economy Index 2024 – Results

Mari Luomi, Fatih Yılmaz, Hind Aldhuwaihi

The 2024 CCE Index provides a multidimensional overview of the current state of net-zero transitions worldwide, covering 125 countries from all world regions. It is based on the holistic, technology-neutral and flexible concept of the circular carbon economy (CCE), where…

Luomi, Mari

Yılmaz, Fatih

Aldhuwaihi, Hind

Pandemic, Ukraine, OPEC+ and Strategic Stockpiles: Taming the Oil Market in Turbulent Times

Hossa Almutairi, Axel Pierru, James L. Smith

With a simple decomposition method, we estimate the monthly shifts in global oil demand and non-OPEC+ supply since 2010. We find evidence that during the January 2017 to December 2023 period, OPEC+ attempted to stabilize the price of crude oil…

Almutairi, Hossa

Pierru, Axel

James L. Smith

Why Does Sustainable Finance Not Flow into the Global South?

Fatih Yılmaz, Akin Cilekoglu

While private sustainable finance flows have grown substantially in recent years, they are heavily concentrated in certain countries – primarily in a few advanced economies. Emerging markets and developing economies (EMDEs) face significant barriers to accessing much-needed private funds for…

Yılmaz, Fatih

Cilekoglu, Akin

Unlocking Energy Efficiency in the GCC Built Environment

Fateh Belaïd

The Gulf Cooperation Council (GCC) region, encompassing Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is distinguished by rapid urbanization, robust economic growth, and substantial energy consumption. The built environment has expanded significantly to accommodate burgeoning populations…

Belaïd, Fateh

Does the Income Elasticity of Energy Demand Vary with the Stages of Economic Development?

Science Direct

Nader AlKathiri, Abdulelah Darandary, Jeyhun Mikayilov

The Life Cycle Greenhouse Gas Emissions Assessment of Jet Fuel Production and Consumption

Andres Felipe Guzman, Freddy Segundo Navarro Pineda

This paper aims to estimate the life cycle greenhouse gas (GHG) emissions of jet fuel production and consumption in the Kingdom of Saudi Arabia (KSA) using the life cycle assessment (LCA) methodology. The system bound­aries include well-­to-­tank (WTT) activities, covering…

Felipe Guzman, Andres

Freddy Segundo Navarro Pineda

Critical Minerals and the Oil Industry: The Impact of a Positive Shock to Critical Mineral and World Oil Prices

Jennifer Considine, Abdullah Aldayel, Philipp Galkin, Emre Hatipoglu

The term “critical minerals” (CMs) refers to a distinct category of commodities, such as rare earths, critical earth minerals, and other non-fuel minerals or mineral materials that are of strategic importance to national economies and technical development and that have…

Considine, Jennifer

Aldayel, Abdullah

Galkin, Philipp

Hatipoglu, Emre

Enabling Net-zero Shipping: An Expert Review-based Agenda for Emerging Techno-economic and Policy Research

Science Direct

Rubal Dua, Ahm Mehbub Anwar, Prateek Bansal

A Perspective on Emerging energy Policy and Economic Research Agenda for Enabling Aviation Climate Action

Science Direct

Rubal Dua, Andres Felipe Guzman

Emerging Energy Economics and Policy Research Priorities for Enabling the Electric Vehicle Sector

Science Direct

Rubal Dua, Saif Almutairi, Prateek Bansal

Assessing the Impact of Energy Transition Initiatives on the Policy Cost of Saudi Arabia’s Net- Zero Ambition

Raphael Apeaninga, Puneet Kamboj, Mohamad Hejazi, Yang Qiu, Page Kyle, Gokul Iyer

Saudi Arabia’s ambitious goal to achieve a net-zero economy by 2060 offers a unique opportunity for diversification away from fossil fuels while fostering long-term economic resilience and sustainability. Crucial to this transition are energy policies that steer the Kingdom from…

Apeaninga, Raphael

Puneet Kamboj

Hejazi, Mohamad

Yang Qiu

Page Kyle

Gokul Iyer

Can the Dangote Refinery Deliver on its Promise?

Evar Umeozor

In Nigeria, energy cost is the predominant driver of prices for all goods and services. With a population of over 200 million people, Nigeria is a member of the Organization of the Petroleum Exporting Countries (OPEC) and a major producer…

Umeozor, Evar

Lessons from an International Review of Successful and Unsuccessful Energy Subsidy Reforms

Anwar Gasim, Paolo Agnolucci, Paul Ekins

Many factors contribute to the success of energy subsidy reform. To better understand these factors, we review studies that drew lessons from past attempts at reform. We synthesize the lessons and then expound on them by reviewing our newly constructed…

Gasim, Anwar

Paolo Agnolucci

Paul Ekins

Understanding the Causal Nexus Between Saudi’s Seaborne Trade and Economy and Quantifying the Relationship

Ahm Mehbub Anwar, Mohammad Al Telmesani, Abdulrahman Alwosheel

An economy’s primary objective is to foster high economic growth, ultimately enhancing the well-being of its citizens. Recent economic strategies have increasingly emphasized trade-oriented policies to achieve this goal.

Anwar, Ahm Mehbub

Al Telmesani, Mohammad

Alwosheel, Abdulrahman

Financing the Decarbonization of Hard-to- Abate Sectors Trends, Issues, and Ways Forward

Fatih Yılmaz

Global transition investments have experienced incredible growth and progress, with the increasing level of participation from private actors in recent years. Investment flows in clean technologies have significantly increased since the COVID-19 era, reaching US$1.8 trillion in 2023, up from…

Yılmaz, Fatih

Long-Term Forecasting Models of Oil Demand Emerging from the Global Petrochemical Sector

Raed Al-Mestneer, Carlo Andrea Bollino

This study aims to estimate the demand for petrochemical feedstocks for four main products (naphtha, ethane, liquified petroleum gas [LPG], and other petrochemical products) for each of the eight regions of the world.

Al-Mestneer, Raed

Bollino, Carlo Andrea

The Impact of Displacing Fuel Oil on Saudi Refineries

Walid Matar

Saudi Arabia aims to displace fuel oil in its electricity system and industry. Such a move ­will impact the operation of its oil refineries, and this commentary explores ­these potential effects.

Matar, Walid

K-DSGE 2.0: A Dynamic Stochastic General Equilibrium Model for Saudi Arabia with Carbon Circular Economy Features

Hossa Almutairi, Marzio Galeotti, Baltasar Manzano, Axel Pierru

This paper describes a substantially improved version of K-DSGE, the dynamic stochastic general equilibrium model of the Saudi Arabian economy, developed by KAPSARC researchers.

Almutairi, Hossa

Galeotti, Marzio

Manzano, Baltasar

Pierru, Axel

A Global Hydrogen Future

Hydrogen is a significant part of energy conversations because of its scalability, flexibility, and decarbonization potential. Considerable efforts are underway globally to determine the most effective ways to introduce hydrogen into the energy mix. This report—A Global Hydrogen Future—aims to…