Regional Energy Markets The Economics and Resource Potential of Hydrogen Production in Saudi Arabia Shahid Hasan, Rami Shabaneh Energy transition discussions, policymakers are increasingly viewing hydrogen as a preferred emissions-free substitute for oil, natural gas and coal in hard-to-abate sectors. However, hydrogen is not a primary energy source but rather is a carrier of energy. Many factors, including… Hasan, Shahid Shabaneh, Rami
Electricity Sector Transitions 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
Future of Global Oil Markets Integrated Oil Companies and the Requiem for a Transition: How Are They Coping with Climate Change? Majed A. Al Suwailem, Bertrand Rioux Integrated oil and gas (O&G) companies operate vertically integrated businesses that span the O&G value chain. In this way, they can leverage expertise across multiple domains rather than just focusing on exploration and production (E&P). Examples of such companies include… Al Suwailem, Majed A. Rioux, Bertrand
Future of Global Oil Markets Country Horizon: Russia Zlata Sergeeva, Emre Hatipoglu This report provides an up-to-date overview of Russian domestic and foreign policy issues related to the oil and natural gas markets. We also discuss the potential role of hydrogen in Russia’s short-term energy strategy. We present a succinct overview of… Sergeeva, Zlata Hatipoglu, Emre
Climate Change Policies and Governance COP 26 Outcomes and Opportunities for Saudi Arabia and Other Arab Countries Mari Luomi The 2021 Glasgow Climate Change Conference, also known as COP 26, took place at a difficult juncture. Countries are still struggling with the COVID-19 pandemic and its economic consequences. The concentrations of greenhouse gases (GHGs) in the atmosphere continue to… Luomi, Mari
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 due to fears of the COVID-19 omicron variant, a slowdown in long-haul travel,…
Productivity and Economic Diversification The Role of Building Energy Efficiency in Shaping the Energy Transition in Saudi Arabia: Key challenges and initiatives Fateh Belaïd, Mohammad Aldubyan This commentary discusses a crucial topic that has emerged in the policy and economic literature in recent years: the potential role of energy efficiency in the current energy transition. It provides a straightforward analysis of the prominent role that residential… Belaïd, Fateh Aldubyan, Mohammad
Sectoral Investment Analysis for Saudi Arabia Taylor & Francis Muhammad Javid, Fakhri Hasanov, Carlo Andrea Bollino, Marzio Galeotti
Mapping and Understanding the Drivers of Fuel Poverty in Emerging Economies: The Case of Egypt and Jordan Science Direct Fateh Belaïd
Future of Global Oil Markets Natural Gas Price Surge: Implications for International Energy Markets and the Way Forward Raed Al-Mestneer, Fateh Belaïd What Are the Reasons Behind the Soaring Gas Prices? As the Northern Hemisphere has moved into winter, the current worldwide surge in energy prices has raised fears of an energy crisis with serious implications. The focus of this brief Instant… Al-Mestneer, Raed Belaïd, Fateh
The Global Methane Pledge: What It Means for the Oil and Gas Industry Post-COP26 Rami Shabaneh After two weeks of climate negotiations in Glasgow, the 2021 U.N. Climate Change Conference of the Parties (COP26) concluded successfully. Representatives of nearly 200 nations agreed to well over 50 decisions (some of which have been pending since COP24), keeping… Shabaneh, Rami
Modeling and Forecasting Industrial Electricity Demand for Saudi Arabia: Uncovering Regional Characteristics Jeyhun Mikayilov, Ryan Alyamani, Abdulelah Darandary, Muhammad Javid, Fakhri Hasanov, Saleh T. AlTurki, Rey B. Arnaiz The objective of this study is to investigate Saudi Arabia’s industrial electricity consumption at the regional level. We apply structural time series modeling to annual data over the period of 1990 to 2019. In addition to estimating the size and… Mikayilov, Jeyhun Alyamani, Ryan Darandary, Abdulelah Javid, Muhammad Hasanov, Fakhri Saleh T. AlTurki Rey B. Arnaiz
Models, Data and Tools Energy Open Data, Energy Policy Scenario Models and Tools The workshop brought together over 40 experts from research, academia, government and industry to exchange ideas and experiences around the theme of open data for the energy sector. Participants discussed obstacles for Saudi Arabia, including the limited availability of open…
Future of Global Oil Markets India’s Ambition to Achieve Net-Zero Emissions by 2070: Uncertainty and Opportunity Yagyavalk Bhatt, Zlata Sergeeva, Brian Efird The special report by the Intergovernmental Panel on Climate Change (IPCC) on the impacts of global warming of 1.5 degrees Celsius (°C) above pre-industrial levels highlighted the importance of achieving net-zero emissions or a carbon-neutral future. There has subsequently been… Bhatt, Yagyavalk Sergeeva, Zlata Efird, Brian
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
