Modeling Long-Term Oil Demand in the Agricultural Sector

  • Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Methodology paper
  • Date 17 January 2024
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Abstract

The agricultural sector and global food security are facing an increasing number of risks due to climate change, the increasing population size, rising energy and agricultural demands, competing demands for land for biofuel production, and the degradation of soil quality. Between 2001 and 2018, the annual consumption of food and agricultural products increased rapidly by approximately 48%, and there was twofold population growth (WEF 2021). This increase in agricultural demand has also stimulated the demand for energy products, as the agricultural sector relies heavily on specific fuels for heating, machinery, and other activities. Given the consistent increasing trend of the global population, the world will be faced with the need to feed approximately 10 billion people by 2050, or approximately 50% more food than in 2010.

Authors

Fateh Belaïd

Fateh Belaïd

Fellow II was a full professor of economics at Lille Catholic University and director of the Smart & Sustainable Cities research unit.… was a full professor of economics at Lille Catholic University and director of the Smart & Sustainable Cities research unit. Fateh has also held various positions at the French Scientific and Technical Center for Building and led multiple collaborative projects for the French Ministry of Ecological Transition and the European Commission. He is an energy and environmental economist drawing from the fields of applied microeconomics, energy modeling, and econometrics. He has published widely on household energy consumption, energy-saving behaviors, individual preference and investment in energy efficiency, energy poverty, renewables, and energy policy. He received a habilitation for supervising doctoral research from Orléans University, a Ph.D. in Economics, an M.S. in Applied Economics & Decision Theory from Littoral University, and an engineering degree in statistics. His work has been published in journals including Ecological Economics, The Energy Journal, Energy Economics, Economic Surveys, Energy Policy, and Environmental Management

Expertise

  • Energy and Environmental Economics; Energy Efficiency; Energy Demand; Fuel Poverty; Energy Policy; Energy Saving Behaviors; Applied Econometrics; Smart and Sustainable Cities.

Publications See all Fateh Belaïd’s publications

Mohammad Aldubyan

Mohammad Aldubyan

Research Lead Mohammad is a research lead in KAPSARC’s Climate & Sustainability program. His research focuses on energy efficiency and energy demand…

Mohammad is a research lead in KAPSARC’s Climate & Sustainability program. His research focuses on energy efficiency and energy demand in buildings. He is currently leading the Residential Energy Model (REEM), which simulates residential energy demand and estimates the impact of energy efficiency programs on Saudi Arabia’s housing sector. He also leads the long-term KAPSARC Oil Market Outlook (KOMO) in buildings and agriculture sectors.
Mohammad holds an M.Sc. in Renewable and Clean Energy from the University of Dayton, Ohio and an M.Sc. in Economics from Purdue University, West Lafayette.

Expertise

  • Energy Efficiency in Buildings; Energy Demand; Energy Modeling

Publications See all Mohammad Aldubyan’s publications

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