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      Closing the Investment Gap to Achieve Paris Agreement Goals
      Regional Energy Markets

      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…

      Fatih Yılmaz Yılmaz, Fatih
      Fahad A. Alswaina Fahad A. Alswaina
      Fateh Belaïd Belaïd, Fateh
      Mohamad Hejazi Hejazi, Mohamad
      Mari Luomi Luomi, Mari
      Salaheddine Soummane Soummane, Salaheddine
      09 October 2023
      Impacts of Global Climate Policies on Middle Eastern Oil Exporters: A Review of Economic Implications and Mitigation Strategies
      Climate Change Policies and Governance

      Impacts of Global Climate Policies on Middle Eastern Oil Exporters: A Review of Economic Implications and Mitigation Strategies

      Salaheddine Soummane, Aisha Al-Sarihi

      Climate policies are tightening in an effort to curb carbon dioxide emissions. As a result, global oil demand may peak and gradually decline, causing oil prices to fall. A structural fall in oil prices may have serious implications for Middle…

      Salaheddine Soummane Soummane, Salaheddine
      Aisha Al-Sarihi Al-Sarihi, Aisha
      21 March 2023
      Regional Fuel Consumption and Carbon Dioxide Emissions in Saudi Arabia: Impacts of Electricity Price Reforms
      Models, Data and Tools

      Regional Fuel Consumption and Carbon Dioxide Emissions in Saudi Arabia: Impacts of Electricity Price Reforms

      Abdulelah Darandary, Jeyhun Mikayilov, Salaheddine Soummane

      Evaluating the potential outcomes of energy price reforms is essential for policymakers to assess their effectiveness. In 2016 and 2018, the Saudi government enacted two waves of energy price reforms to curb historically fast-growing electricity demand. We quantify the effects…

      Abdulelah Darandary Darandary, Abdulelah
      Jeyhun Mikayilov Mikayilov, Jeyhun
      Salaheddine Soummane Soummane, Salaheddine
      5 March 2023
      Fostering Net-Zero Transition Pathways: The Role of Clean Hydrogen
      Regional Energy Markets

      Fostering Net-Zero Transition Pathways: The Role of Clean Hydrogen

      Salaheddine Soummane, Rami Shabaneh

      In early 2022, 80 countries (including Saudi Arabia), representing around 74% of global greenhouse gas emissions, pledged to reach net-zero emissions (NZE) in the coming decades. Achieving these ambitious climate policy objectives requires shifting the energy mix toward existing and…

      Salaheddine Soummane Soummane, Salaheddine
      Rami Shabaneh Shabaneh, Rami
      8 December 2022
      The Current State and Future of Clean Hydrogen Projects Worldwide
      Regional Energy Markets

      The Current State and Future of Clean Hydrogen Projects Worldwide

      Salaheddine Soummane

      This data insight reviews clean hydrogen projects worldwide that are listed in the Hydrogen Projects Database of the International Energy Agency (IEA 2021), which covers hydrogen projects for “energy or climate change mitigation purposes” based on electrolysis, fossil fuels with…

      Salaheddine Soummane Soummane, Salaheddine
      25 May 2022
      Cross-seasonal Fuel Savings from Load Shifting in the Saudi Industrial Sector
      Electricity Sector Transitions

      Cross-seasonal Fuel Savings from Load Shifting in the Saudi Industrial Sector

      Salaheddine Soummane, Amro Elshurafa, Hatem Al Atawi, Frank Felder

      Load shifting, that is, moving demand from peak to off-peak hours, is an important type of demand response. It can reduce the overall operating costs of a power system and improve the reliability of the power grid. This study estimates…

      Salaheddine Soummane Soummane, Salaheddine
      Amro Elshurafa Elshurafa, Amro
      Hatem Al Atawi Al Atawi, Hatem
      Frank Felder Felder, Frank
      11 April 2022
      Projecting Saudi Sectoral Electricity Demand in 2030 Using a Computable General Equilibrium Model
      Electricity Sector Transitions

      Projecting Saudi Sectoral Electricity Demand in 2030 Using a Computable General Equilibrium Model

      Salaheddine Soummane, Frédéric Ghersi

      Projecting future demand for electricity is central to power sector planning, as these projections inform capacity investment requirements and related infrastructure expansions. Electricity is not currently economically storable in large volumes. Thus, the underlying drivers of electricity demand and potential…

      Salaheddine Soummane Soummane, Salaheddine
      Frédéric Ghersi Frédéric Ghersi
      9 September 2021
      If Renewable Energy is Getting Cheaper, Why Are Electricity Prices Increasing?
      Electricity Sector Transitions

      If Renewable Energy is Getting Cheaper, Why Are Electricity Prices Increasing?

      Salaheddine Soummane

      In this commentary, we discuss the impact of renewable energy penetration on end-user electricity prices driven by the observed development in European countries since 2000. We conclude with a discussion on how Saudi Arabia is benefiting from its development of…

      Salaheddine Soummane Soummane, Salaheddine
      6 June 2021
      Assessing the Role of Renewables in Reducing Emissions in the Saudi Power Sector Using Mixed-Integer Optimization
      Electricity Sector Transitions

      Assessing the Role of Renewables in Reducing Emissions in the Saudi Power Sector Using Mixed-Integer Optimization

      Amro Elshurafa, Hatem Al Atawi, Salaheddine Soummane, Frank Felder

      Renewable energy (RE) technologies are viewed as a critical means of reducing power sector-related emissions. Using mixed-integer optimization, we evaluate the extent to which renewable energy reduces carbon emissions in the Saudi power sector.

      Amro Elshurafa Elshurafa, Amro
      Hatem Al Atawi Al Atawi, Hatem
      Salaheddine Soummane Soummane, Salaheddine
      Frank Felder Felder, Frank
      2 June 2021
      Overview of Saudi Electricity Demand (1970–2018)
      Electricity Sector Transitions

      Overview of Saudi Electricity Demand (1970–2018)

      Salaheddine Soummane

      Saudi Arabia’s demand for electricity is undergoing unprecedented changes. In recent years, the government has implemented several efficiency measures and pricing reforms to curb demand growth. These measures started delivering concrete results in 2016. After decades of rapid growth, the…

      Salaheddine Soummane Soummane, Salaheddine
      29 March 2021
      Saudi Electricity Demand Drops for the First Time on Record
      Electricity Sector Transitions

      Saudi Electricity Demand Drops for the First Time on Record

      Salaheddine Soummane

      Since 1990, Saudi Arabia’s electricity consumption has risen rapidly and consistently, at an average rate of around 6% per year. This growth rate is considerably high when compared with the global average growth rate of 3% and 4.8% in developed…

      Salaheddine Soummane Soummane, Salaheddine
      12 October 2020
      Saudi Electricity Demand for 2018-2019 based on Saudi Electricity Company Data
      Electricity Sector Transitions

      Saudi Electricity Demand for 2018-2019 based on Saudi Electricity Company Data

      Salaheddine Soummane

      Saudi electricity demand grew by 5% per year between 2010 and 2018. The Saudi government implemented two energy price reforms, in 2016 and 2018, which included significant electricity tariff hikes. The government also implemented a range of efficiency measures to…

      Salaheddine Soummane Soummane, Salaheddine
      21 June 2020