Publications

The Circular Carbon Economy Index 2023: Results

Mari Luomi, Fatih Yılmaz, Thamir Al Shehri

As concluded by the Global Stocktake under the Paris Agreement, while action to reduce emissions is proceeding, much more effort is required across all fronts to limit global temperature rise to 1.5 or 2 degrees Celsius. Several enabling conditions must…

Luomi, Mari

Yılmaz, Fatih

Al Shehri, Thamir

Implications of Climate Policy on Energy Poverty

Fateh Belaïd, Mohamad Hejazi, Puneet Kamboj, Fatih Yılmaz

This article examines the complex issue of energy poverty and its various dimensions, including energy access and affordability. It explores the challenges of addressing energy poverty and the trade-offs that may exist between energy poverty and climate change policy.

Belaïd, Fateh

Hejazi, Mohamad

Puneet Kamboj

Yılmaz, Fatih

Closing the Investment Gap to Achieve Paris Agreement Goals

Fatih Yılmaz, Fahad A. Alswaina, Fateh Belaïd, Mohamad Hejazi, Mari Luomi, Salaheddine Soummane

This study aims to assess the alignment of global sustainable financial flows with transition investment priorities. First, we identify investment gaps based on the difference between the required annual investment to meet global net-zero emissions (NZE) targets and current investment…

Yılmaz, Fatih

Fahad A. Alswaina

Belaïd, Fateh

Hejazi, Mohamad

Luomi, Mari

Soummane, Salaheddine

Enhancing the G20’s Climate Change Policy Agenda with the Circular Carbon Economy Index

T20

Fatih Yılmaz, Thamir Al Shehri, Mari Luomi, Dr. Fahad Alturki

The Circular Carbon Economy Index 2022 – Results

Mari Luomi, Fatih Yılmaz, Thamir Al Shehri

The circular carbon economy (CCE) concept provides a holistic, flexible and pragmatic framework for countries to plan their energy and economic transitions to lower carbon dioxide and greenhouse gas emission levels and, ultimately, net-zero emissions. The CCE Index measures countries’…

Luomi, Mari

Yılmaz, Fatih

Al Shehri, Thamir

The Circular Carbon Economy Index 2022 – Results

Mari Luomi, Fatih Yılmaz, Thamir Al Shehri

The circular carbon economy (CCE) concept provides a holistic, flexible and pragmatic framework for countries to plan their energy and economic transitions to lower carbon dioxide and greenhouse gas emission levels and, ultimately, net-zero emissions. The CCE Index measures countries’…

Luomi, Mari

Yılmaz, Fatih

Al Shehri, Thamir

Enhancing Environmental, Social and Governance Frameworks To Scale Up Climate Finance

Fatih Yılmaz, Jitendra Roychoudhury, Emre Hatipoglu

Investing in Net-Zero Emission Ambitions: Global ESG Frameworks and CCUS Projects

Fatih Yılmaz, Adam Sieminski

Achieving global net zero emission (NZE) goals necessitates trillions of US$ of annual investment in various mitigation technologies. While a significant portion of this investment is expected to take place in mainstream mitigation technologies (e.g., renewable energy), low carbon technologies…

Yılmaz, Fatih

Adam Sieminski

The Gulf Cooperation Council and the Circular Carbon Economy: Progress and Potential

Mari Luomi, Fatih Yılmaz, Thamir Al Shehri

Over the past year, all six Gulf Cooperation Council (GCC) countries have updated their medium-term greenhouse gas (GHG) emission targets by submitting revised nationally determined contributions (NDCs) under the Paris Agreement. Bahrain, Saudi Arabia, the United Arab Emirates (UAE), and…

Luomi, Mari

Yılmaz, Fatih

Al Shehri, Thamir

Understanding the Dynamics of Renewable Energy Transition: Country Performance and Potential

Fatih Yılmaz

Renewable energy (RE) is a vital stream of the global energy transition toward sustainable alternatives. Various mitigation strategies, such as enhancing energy efficiency, utilizing fuel switching, deploying nuclear power and adopting carbon capture, have been developed. Of these, RE has…

Yılmaz, Fatih

Understanding the Dynamics of the Renewable Energy Transition: The Determinants and Future Projections Under Different Scenarios

Fatih Yılmaz

The global energy system’s current structure has severe environmental consequences that necessitate an urgent transformation toward more sustainable alternatives. Besides many available mitigation actions, such as enhancing energy efficiency, deploying nuclear energy, switching fuels and adopting carbon capture technologies, renewable…

Yılmaz, Fatih

Understanding the Dynamics of the Renewable Energy Transition: A Determinant Index Approach

Fatih Yılmaz

Renewable energy is a key component of global energy transitions. To better identify its dynamics, this study constructs a composite index to measure countries’ renewable energy transition potential. Based on two decades of academic research, we identify 45 main enabling…

Yılmaz, Fatih

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

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

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

The Circular Carbon Economy Index – Methodological Approach and Conceptual Framework

Mari Luomi, Fatih Yılmaz, Thamir Al Shehri, Nicholas Howarth

The circular carbon economy (CCE) approach, developed during Saudi Arabia’s G20 Presidency and endorsed by G20 leaders and energy ministers, can be used as a framework for holistic assessments of all available energy and emission management technologies within the confines…

Luomi, Mari

Yılmaz, Fatih

Al Shehri, Thamir

Howarth, Nicholas

Private Participation in the Renewable Energy Transition

Fatih Yılmaz

The electricity sector captures a significant portion of PPI flows in developing countries. Over half (51%) of total PPI flows in developing countries since 1995 (~ US$1.9 trillion) went into the electricity sector. This figure covers the privatization of existing…

Yılmaz, Fatih

Facts on Business Dynamism in Turkey

Science Direct

In this paper, we investigate various trends on competition and business dynamism in the Turkish manufacturing sector. More specifically, using micro level administrative data sets of firm balance sheets, credit registry, and social security records, we focus on moments such…

Fatih Yılmaz, Ufuk Akcigit, Yusuf Emre Akgunduz, Seyit Mümin Cilasun, Elif Ozcan-Tok

Long and Short-Term Economic Impact of COVID-19: Does the Future Look Greener?

Fatih Yılmaz

COVID-19 initially broke out in China in early January. It has since posed a severe threat to our lives and economies. Millions of infections and hundreds of thousands of deaths have been recorded globally, with more casualties expected in the…

Yılmaz, Fatih

Financing Energy Efficiency of Buildings: Green Instruments and Policy Guidance

T20

Despite ongoing efforts, there continues to be a significant investment gap in building energy efficiency (BEE). Given the limited public resources, targeted green finance instruments can help bridge this gap. However, mainstreaming green finance is fraught with several challenges, including…

Fatih Yılmaz, Nawaz Peerbocus, Kelly Sims Gallagher, Rishikesh Ram, Kaliappa Kalirajan, Venkatachalam Anbumozhi, Fang Zhang