Publications

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 Apeaning, 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…

Apeaning, 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…

Using Satellite Technology to Measure Methane Emissions in Arabian Gulf Countries

Anwar Gasim, Walid Matar, Abdelrahman Muhsen, Srivatsan Anand, Julian Akani Guery

Decision makers need high-quality information on the level of greenhouse gas (GHG) emissions to take effective climate actions. Of the GHGs, methane can be particularly difficult to measure. Huge discrepancies exist in methane emission estimates at the global, national, and…

Gasim, Anwar

Matar, Walid

Muhsen, Abdelrahman

Srivatsan Anand

Julian Akani Guery

Unveiling the Causal Nexus Between Saudi’s Seaborne Trade and Economy: Evidence from an ARDL Model

Springer Link

Ahm Mehbub Anwar, Mohammad Al Telmesani, Abdulrahman Alwosheel

The Unfolding Potential of GCC China Collaboration on Critical Minerals

Dongmei Chen, Jianping Ge, Yibo Wang, Ruihua Ren

As a clean energy system begins to be implemented worldwide, the demand for critical minerals is expected to increase dramatically in the coming decades. Thus, demonstrating how mineral collaboration benefits the economy is key to building long-term supply resilience and…

Chen, Dongmei

Jianping Ge

Yibo Wang

Ruihua Ren

Are Automakers Overcharging Consumers for Electric Vehicle Batteries?

Tamara Sheldon, Rubal Dua

Vehicle electrification is a major component of many sustainability goals and frameworks. Research suggests that battery costs account for a large portion of the price premium for electric vehicles (EVs) relative to internal combustion engine vehicles (ICEVs) and that price…

Sheldon, Tamara

Dua, Rubal

KAPSARC Oil Market Outlook

This quarter’s highlights include stagnating quarter-on-quarter (QoQ) oil demand, with a trivial decline of only 8,000 barrels a day (Kb/d), following last quarter’s growth of 1.27 million barrels per day (MMb/d). While significant gains and losses were reported in individual…

Emissions Effect of Financial Development in the GCC: is The Effect Asymmetric?

Springer Link

Fakhri Hasanov

Unraveling the Black Market for Oil: The Complex Web of Phantom Trade and Its Reverberating Effects on Energy Security, Trade Balances, and Social Welfare

Majed A. Al Suwailem, David Soud, Fahad Alyahya

In the energy market, the black market1 for oil embodies the ancient parable of the blind men and the elephant. Just as the blind men each touched a different part of the elephant and experienced only a fraction of its…

Al Suwailem, Majed A.

David Soud

Alyahya, Fahad

Azerbaijan: Energy, Carbon, and Opportunities

Zlata Sergeeva, Colin Ward

At the end of 2023, after prolonged discussions, Azerbaijan was selected as the host country of the 2024 United Nations climate summit, COP29. Like the two preceding hosts of COP28 and COP27, the United Arab Emirates (UAE) and Egypt, Azerbaijan…

Sergeeva, Zlata

Ward, Colin

Geothermal Energy – A Rising Powerhouse? A Global Technical Review and Applications for Saudi Arabia

Majed A. Al Suwailem, Bez Hoxha, Colin Ward, Abdulrahman Alwosheel

The Earth’s core, which is as hot as the sun, contains a large amount of thermal energy insulated by impermeable rocks. This energy, totaling 15 million zetta joules, dwarfs traditional energy sources such as coal and gas. However, only a fraction…

Al Suwailem, Majed A.

Bez Hoxha

Ward, Colin

Alwosheel, Abdulrahman

Facilitating the Low-Carbon Hydrogen Market: Opportunities, Challenges, and Pathways

The hydrogen industry is at a turning point, as regulatory frameworks and incentive schemes begin to take shape. However, there are still barriers for market participants to commit to production projects and infrastructure, as they face the chicken-and-the-egg dilemma. The…