Renewable energy (RE) is a vital stream of the global energy transition toward sustainable alternatives. Various mitigation strategies, such as enhancing energy efficiency, utilizing fuel switching, deploying nuclear power and adopting carbon capture, have been developed. Of these, RE has captured the most attention globally, especially in the power sector. Despite this global trend, however, RE penetration differs significantly across countries. Some countries, such as Denmark, generate half of their power from renewable resources. In contrast, many others, such as Russia, are generating less than 1% of their power from renewable resources as of 2018. These data facts raise the important question of whether this heterogeneity in RE penetration reflects countries’ potentials.

Senior Research Associate Dr. Yilmaz is a senior research associate in the Energy Transitions and Electric Powerprogram. His current research agenda aims to… Dr. Yilmaz is a senior research associate in the Energy Transitions and Electric Powerprogram. His current research agenda aims to enhance our understanding of the financial and economic consequences of the global energy transition towards renewables, and to design effective policies to balance financial risks and growth prospects. Prior to joining KAPSARC, Dr. Yilmaz had worked as an economist in the Structural Economic Research Department of the Central Bank of the Republic of Turkey, where he actively involved in the research and the design of policies for the private and banking sectors. He had also worked as a consultant for the World Bank and took responsibilities in various consulting projects for the Canadian and Turkish Governments. As an academic, he had spent a year as an assistant professor at the ADA University and worked as a graduate assistant at the University of Calgary and at the Western Illinois University, where he had taught several courses in economics and econometrics. Dr. Yilmaz has authored various academic and policy articles, and book chapters in the past. He has involved in the organization of conferences and workshops, and acted as a referee for many academic journals.
Expertise
- Sustainable Finance and Investment
- Applied Banking and Finance
- Corporate Taxation
- Public Economics and Applied Micro-Econometrics
Publications See all Fatih Yılmaz’s publications

Understanding the Dynamics of Renewable Energy Transition: Country Performance and Potential
Renewable energy (RE) is a vital stream of the global energy transition toward sustainable alternatives.…
11th May 2022
Understanding the Dynamics of the Renewable Energy Transition: The Determinants and Future Projections Under Different Scenarios
Renewable energy (RE) is a vital stream of the global energy transition toward sustainable alternatives.…
11th May 2022