• Focus Area Electricity Sector Transitions Electricity Sector Transitions
  • Type Instant Insight
  • Date 14 June 2022
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Abstract

Achieving global net zero emission (NZE) goals necessitates trillions of US$ of annual investment in various mitigation technologies. While a significant portion of this investment is expected to take place in mainstream mitigation technologies (e.g., renewable energy), low carbon technologies (e.g., CCUS) are also considered among the key enablers, especially in hard-to-abate sectors. However, the lack of a globally recognized environmental, social, and corporate governance (ESG) taxonomy and disclosure standards hinders efforts to scale up the necessary finance, especially in the case of CCUS investments. Establishing more holistic global ESG guidelines, including more explicit guidance on the reporting of CCUS-related activities, can accelerate the global sustainable energy transition.

Authors

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

Adam Sieminski

Adam Sieminski

Senior Advisor to the Board of Trustees Adam Sieminski was appointed Senior Advisor to the KAPSARC Board of Trustees in August 2021. Prior to this, he was…

Adam Sieminski was appointed Senior Advisor to the KAPSARC Board of Trustees in August 2021. Prior to this, he was the president of KAPSARC for three years. Before joining KAPSARC, Mr. Sieminski held the James R. Schlesinger Chair for Energy and Geopolitics at the Center for Strategic and International Studies (CSIS). Prior to that, he was a non-resident senior advisor to the CSIS Energy and National Security Program. He also served as the administrator of the U.S. Energy Information Administration (EIA) from 2012 to 2017 and was the senior director for energy and environment on the staff of the United States National Security Council.

Earlier in his career, Mr. Sieminski was Deutsche Bank’s chief energy economist and the senior energy analyst for NatWest Securities. In 2006, he was appointed to the National Petroleum Council (NPC), where he helped co-author NPC’s global oil and gas study.

Mr. Sieminski’s membership of leading policy and research organizations includes the roles of senior fellow and former president of the U.S. Association for Energy Economics, and president of the U.S. National Association of Petroleum Investment Analysts.

He formerly served as an advisory board member of the Global Energy and Environment Initiative at Johns Hopkins University’s School of Advanced International Studies, as chairman of the Supply-Demand Committee of the Independent Petroleum Association of America, and as a member of the Strategic Energy Task Force of the Council on Foreign Relations.

He holds the Chartered Financial Analyst (CFA) designation and holds both an undergraduate degree in civil engineering and a master’s degree in public administration from Cornell University.

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