• Focus Area Models, Data and Tools Models, Data and Tools
  • Type Methodology paper
  • Date 12 March 2024
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Abstract

This methodological work develops a representation of carbon pricing through the KAPSARC Global Energy Macroeconometric Model (KGEMM). This representation makes two principal contributions in terms of model capabilities: establishing a feedback link from the emissions block to the energy block and connecting the emissions block to the fiscal block, as the government collects revenue from the carbon dioxide emitted by customers / sectors.

Authors

Fakhri Hasanov

Senior Principal- Energy Macro & Microeconomics Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience…

Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience in econometric modeling and forecasting. Since 2015, he has been involved in multistakeholder projects, leading and executing macroeconomic analysis of various policy choices and initiatives (e.g., energy prices, energy demand, and fiscal reforms) for the Kingdom’s economy. He has extensive experience working with policymakers. Prior to KAPSARC, he was a post-doc at George Washington University.

His research mainly covers macro-econometric modeling for energy and environmental economics policy analyses. Dr. Hasanov has authored 50+ applied studies published in reputable journals such as Energy Policy, Energy Economics, Empirical Economics, and Energy Strategy Review. His research is recognized internationally (e.g., he is listed among the top 2% of scientists globally by Elsevier). Fakhri is an editorial board member of various peer-reviewed journals, such as Frontiers in Environmental Science. He holds a Ph.D. in econometrics.

Expertise

  • Econometric modeling and forecasting
  • Time series and panel data econometrics
  • Macroeconometric models for policy analyses
  • Energy economics
  • Environmental economics.

Publications See all Fakhri Hasanov’s publications

Heyran Aliyeva

Fellow- Energy Macro & Microeconomics Heyran Aliyeva is a Fellow at KAPSARC and part of the KAPSARC Global Energy Macroeconometric Model (KGEMM) project, and she…

Heyran Aliyeva is a Fellow at KAPSARC and part of the KAPSARC Global Energy Macroeconometric Model (KGEMM) project, and she has 20 years of experience in economic modeling and forecasting. Before this project, she was involved in the Saudi Circular Carbon Economy National Program.

Prior to joining KAPSARC, she conducted evidence-based analysis at the crossroads of monetary and fiscal policies to inform the decision-making process at the Central Bank of Azerbaijan as a Senior Economist. She has also served as a Lecturer at various universities in Azerbaijan and as a Researcher at the Azerbaijan National Academy of Science.

Her research interests cover macroeconomics, econometric modeling and forecasting, fuzzy logic applications, energy economics, and environmental economics. She holds a Ph.D. in Econometrics.

Expertise

  • Economic Modeling and Forecasting
  • Time Series Econometrics
  • Macroeconomic Models for Policy Analyses
  • Energy Economics
  • Environmental Economics
  • Fuzzy Logic Applications

Publications See all Heyran Aliyeva’s publications

Majed Almozaini

Lead- Energy Macro & Microeconomics Majed is a research lead in the Energy Macro & Microeconomics program. He is a Co-Chair of Think20 (T20) India…

Majed is a research lead in the Energy Macro & Microeconomics program. He is a Co-Chair of Think20 (T20) India 2023 Task Force 3 on "LiFE, Resilience, and Values for Wellbeing".

Before joining KAPSARC, Majed worked as an Assistant Professor of Economics with a demonstrated history of working in professional training and team building. Majed has served as an Editorial Board Member and a supervising team leader for a study at the Riyadh Economic Forum. In addition, he had an excellent training period at the World Bank during the summer of 2018 and worked on project-event analysis (EA) in the International Monetary Fund (IMF).

Majed earned his M.A. in Economics from Middle Tennessee State University (MTSU) and a Ph.D. in Economics from Howard University, Washington DC.

Expertise

Publications See all Majed Almozaini’s publications

Carlo Andrea Bollino

Visiting Researcher- Oil & Gas Carlo Andrea Bollino is a Professor of Economics at the University of Perugia and Professor of Energy Economics at the…

Carlo Andrea Bollino is a Professor of Economics at the University of Perugia and Professor of Energy Economics at the University LUISS, Rome. He holds a Ph.D. in Economics from the University of Pennsylvania, where he was supervised by Nobel laureate Professor Lawrence Klein. He has been a Visiting Researcher at KAPSARC since 2015, focusing on econometric analysis, electricity market reform and climate change policy analysis. He is a Visiting Professor at Technische Universität, Berlin, Germany, the President (honorary) of the Italian Association for Energy Economics.

He was the President of the IAEE in 2008, the President of GSE (Italian Renewable Energy Agency) and GRTN (Italian Electric Transmission network); Energy Advisor to the Minister of Industry and Ministry of Treasury of Italy; Chief Economist, ENI; Economist, Bank of Italy; and a Research Associate at Project Link for the United Nations. He has testified to the Italian Senate and Parliament briefings and has provided various governments with technical and policy reports on electricity market liberalization and renewable energy developments.

Expertise

  • Consumer Behavior
  • Investment
  • Energy and Environment
  • Macroeoconometric Modeling

Publications See all Carlo Andrea Bollino’s publications

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