Productivity and Economic Diversification Impacts of Higher Energy Efficiency on Growth and Welfare Across Generations in Saudi Arabia Energy policies in the oil-rich countries of the Gulf Cooperation Council (GCC) region influence their domestic growth in the long run. Accordingly, they also redistribute income across generations over long periods. In this paper, we use MEGIR-SA to assess the…
Productivity and Economic Diversification Macroeconomic and Welfare Effects of Energy Policies in Saudi Arabia: The MEGIR-SA Model MEGIR – Model with Energy, Growth and Intergenerational Redistribution – investigates the long-run implications for growth and equity across generations of different energy policies. It is the first general equilibrium model with overlapping generations to be developed and applied for…
Future of Transport and Fuel Demand Mobility-on-Demand: Understanding Energy Impacts and Adoption Potential Major transformations are taking place in the mobility sector; where a transportation system comprising of shared, fully electric, connected and driverless cars available on demand may be on the cusp of emergence. Technological developments and preferences of the next generation…
The prospects for coal-fired power generation in Saudi Arabia Energy Strategy Reviews Almost all of Saudi Arabia’s electric power generation is fueled by oil and gas. Plans for future capacity envisage nuclear and renewables supplementing this mix and thereby freeing up oil for other revenue-generating opportunities. Coal-fired generation has been promoted in… Walid Matar, Rodrigo Echeverri, Axel Pierru
Productivity and Economic Diversification Energy Productivity in the GCC: Evidence From an International Kuznets Curve Analysis Marzio Galeotti, Nicholas Howarth, Alessandro Lanza This paper explores energy productivity trends at a national level for the countries of the Gulf Cooperation Council (GCC) and puts them in an international context. This analysis can be used as part of an evidence base for setting nationally… Galeotti, Marzio Howarth, Nicholas Lanza, Alessandro
Productivity and Economic Diversification Energy Productivity as a New Growth Model for GCC Countries Marzio Galeotti, Nicholas Howarth, Alessandro Lanza Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to find a new growth model which increases the welfare of their citizens, while reducing exposure to volatile energy markets. This paper argues that placing energy… Galeotti, Marzio Howarth, Nicholas Lanza, Alessandro
Emerging Issues Facing the Water-Energy-Food Nexus in the Middle East and Asia As economies in the Middle East and Asia grow and develop, there will be further strain on water, energy and food resources – each inextricably linked to the others. Much of the Middle East is energy abundant, but population growth…
Future of Transport and Fuel Demand Drivers of Transportation Fuel Demand: Aligning Future Scenarios and Policy Expectations The U.S. light-duty vehicle market represents a key test bed for some of the world’s leading vehicle regulatory policy programs. At the federal level, standards for model years 2022-2025 were established in 2012 under the Greenhouse Gas (GHG) Emissions/Corporate Average…
Energy and Economic Vulnerability Prices Versus Policy: An Analysis of the Drivers of the Fossil Fuel Energy Mix Jorge Blazquez, Baltasar Manzano Understanding how the composition of a country’s energy mix is formed in an environment where greater government involvement is anticipated due to climate change obligations is critical. This paper is part of a project analyzing drivers of the mix and… Blazquez, Jorge Manzano, Baltasar
Electricity Sector Transitions Is Unbundling Electricity Services the Way Forward for the Power Sector? Rolando Fuentes High penetration of distributed energy resources (DERs) will lead to further fragmentation of the power sector, both in the services offered and its value chain. The ‘‘local’’ component of energy policies will probably become increasingly important. Fuentes, Rolando
Does disagreement among oil price forecasters reflect volatility? Evidence from the ECB surveys International Journal of Forecasting We examine quarterly oil price forecasts from the Survey of Professional Forecasters conducted by the European Central Bank. We present three empirical findings, all of which are robust to the number of respondents considered. First, the dispersion of forecasts is… Tarek Atalla, Fred Joutz, Axel Pierru
Electricity Sector Transitions Potential Gains From Reforming Price Caps in China’s Power Sector Bertrand Rioux, Philipp Galkin, Axel Pierru, Frederic Murphy When energy sectors transition from government-controlled to market-driven systems, the legacy regulatory instruments can create unintended market distortions and lead to higher costs. In China, the most notable regulatory throwback is ceilings on electricity prices that generators can charge utilities,… Rioux, Bertrand Galkin, Philipp Pierru, Axel Murphy, Frederic
Sub-Saharan Africa’s Demographic Dividend: Is There a Role for Natural Resources? Sub-Saharan Africa (SSA) has the most resource-rich countries in the world, many of whom are endowed with large oil, gas and mineral deposits. This discussion paper examines the role of natural resources in the economic development and demography of countries…
Electricity Sector Transitions The Renewable Energy Policy Paradox Jorge Blazquez, Carlo Andrea Bollino, Rolando Fuentes, Nora Nezamuddin One major avenue for policymakers to meet climate targets is by decarbonizing the power sector, one component of which is raising the share of renewable energy sources (renewables) in electricity generation. However, promoting renewables in liberalized power markets creates a… Blazquez, Jorge Bollino, Carlo Andrea Fuentes, Rolando Nezamuddin, Nora
Future of Natural Gas Markets LNG Markets in Transition: The Great Reconfiguration Anne-Sophie Corbeau The present situation in the LNG market should be seen as a “crossroads or a cliff” for the industry. The LNG industry has not been static over the past 5 decades and has already experienced many changes, but still the… Corbeau, Anne-Sophie
Productivity and Economic Diversification Investing for Energy Productivity in the GCC – Financing the Transition Steven Fawkes, Nicholas Howarth, Moncef Krarti, Padu Padmanabhan An unprecedented infrastructure investment boom occurred in the Gulf Cooperation Council (GCC) in the first part of the 21st century. Strong public capital spending supported by high energy prices provided governments with an opportunity to accelerate economic diversification and infrastructure… Fawkes, Steven Howarth, Nicholas Krarti, Moncef Padmanabhan, Padu
Modelling residential electricity demand in the GCC countries Energy Economics This paper aims at understanding the drivers of residential electricity demand in the Gulf Cooperation Council countries by applying the structural time series model. In addition to the economic variables of GDP and real electricity prices, the model accounts for… Tarek Atalla, Lester C. Hunt
Electricity Sector Transitions Renewable Energy Policy in India: Creation, Implementation and Efficacy India aims to transition from a fossil fuel burning economy to a comparatively low-carbon economy through the increased use of renewables. To achieve this, India aims to build 175 GW of renewable energy capacity by 2022, establishing one of the…
Electricity Sector Transitions Quantifying Worldwide Demand Elasticities as a Policy Tool Carlo Andrea Bollino This paper provides a comprehensive worldwide database of estimated elasticities for electricity and natural gas for households as a function of income, price, capital stocks and weather conditions. Bollino, Carlo Andrea
Electricity Sector Transitions New Business and Regulatory Models for Utilities of the Future Technological advancements have the potential to disrupt the fundamentals of the electric power sector and to some extent make the current role of utilities obsolete. Many countries face this challenge but so far a generic business and regulatory model has…
