• Focus Area Advancing the roles of carbon markets and sustainable finance in KSA
  • Type Instant Insight
  • Date 27 June 2024
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Abstract

As part of the global climate agenda, the Kingdom of Saudi Arabia (KSA) is committed to achieving net zero greenhouse gas (GHG) emissions by 2060 through the Circular Carbon Economy (CEE) approach. To achieve this goal, the Kingdom aims to involve private investors more and advance its financial sector, fostering economic diversification and growth in line with Vision 2030 (Saudi Vision 2030 2018). The Kingdom has already announced several giant projects involving various clean technologies, including renewable energy, energy efficiency, clean hydrogen, natural capital development, and carbon management technologies, which amount to hundreds of billions of dollars in investment.

Authors

Claudia Belahmidi

Senior Fellow- Oil & Gas Claudia Belahmidi is a Senior Fellow in the Oil and Gas program, with a focus on the impact of ESG…

Claudia Belahmidi is a Senior Fellow in the Oil and Gas program, with a focus on the impact of ESG topics and Climate Finance on the hydrocarbon industry. Claudia has more than 13 years of research and industry experience analyzing energy markets, policies, and companies. Before joining KAPSARC, Claudia worked at S&P Global as an Equity and Strategy Analyst in the Commodity Insights Team, providing flagship and bespoke insights and analysis on a number of integrated oil companies as well as European independent producers. Previously, Claudia spent three years as an energy research analyst (Northern Europe and North America) with IHS. She holds a B.A. in Political Science and an M.A. in International Affairs from the Fletcher School, Tufts University.

Expertise

  • Oil & Gas ESG
  • Capital Costs
  • Sustainable Finance

Publications See all Claudia Belahmidi’s publications

Fatih Yılmaz

Senior Fellow-Climate & Sustainability Dr. Yilmaz currently works as a senior fellow I in the Climate and Sustainability program. His current research agenda aims…

Dr. Yilmaz currently works as a senior fellow I in the Climate and Sustainability program. His current research agenda aims to enhance our understanding of the financial and economic consequences of the sustainable energy transition and to design effective policies to balance risk and growth prospects.

Prior to joining KAPSARC, Dr. Yilmaz worked as an economist at the Central Bank of the Republic of Turkey, where he was actively involved in the research and the design of policies for the private and banking sectors. He also worked as a consultant for the World Bank and spent a year as an assistant professor of economics at ADA University.

He has authored various academic and policy articles and attended academic conferences and workshops. He holds a Ph.D. in economics from the University of Calgary.

Expertise

  • Sustainable Finance and Investment
  • Applied Banking and Finance
  • Corporate Taxation
  • Public Economics
  • Applied Micro-Econometrics

Publications See all Fatih Yılmaz’s publications

Anas Alghamdi

Anas Alghamdi

Norah Alorainy

Norah Alorainy

Faisal Yousef

Faisal Yousef

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