• Primary Program Oil&Gas
  • Research Interests Geopolitics, Economic Sanctions and International Politics of Energy Trade

Biography

Emre Hatipoglu is a fellow in the Oil and Gas program and leads the research project Energy Markets and Geopolitics. In this project, Dr. Hatipoglu and his colleagues assess how political events (e.g., international conflict, economic sanctions, international treaties) and global energy markets interact.

Prior to KAPSARC, Dr. Hatipoglu was associate professor at the Faculty of Arts and Social Sciences at Sabanci University in Istanbul and a a visiting Fulbrighter during the 2017-2018 academic year at Columbia University. He also served on the advisory board of Sakip Sabanci Center for Turkish Studies at Columbia University between 2016-2018. Dr. Hatipoglu’s work has been published in various scientific journals, such as the Journal of Politics, Energy Research and Social Science, Energy Reports, Foreign Policy Analysis, the Journal of Commodity Markets, and Defence and Peace Economics, among others. He is the editor-in-chief of the journal Energy Transitions, and serves on the editorial board of the International Studies Review.

 

 

 

Publications

See all Emre’s publications
  • Books/books chapters
  • Discussion paper
  • Methodology papers
  • Report
  • Instant Insights
  • Commentaries
  • KAPSARC journal articles
  • External journal articles
  • Think20 (T20)
Climate Change and Transboundary Challenges in Middle East and Africa (MEA)

Climate Change and Transboundary Challenges in Middle East and Africa (MEA)

The world’s largest climate summit, the Conference of the Parties of the UN Framework Convention on Climate Change (COP28), held in Dubai, United Arab Emirates (UAE), between 30 November and 12 December 2023, is a landmark moment in our planet’s future. With the UN 2030 climate target in perspective, we have only seven years left to reduce global carbon emissions by half and limit global warming to 1.5°C compared to pre-industrial levels by 2050.   Read Book Chapter 

8th December 2023
Renewables and Geopolitics in the Middle East

Renewables and Geopolitics in the Middle East

The energy transition is fundamentally transforming geopolitics, with renewable energy and other decarbonization options reshaping existing energy markets, trade flows, and energy security strategies. What new opportunities and challenges await us? Will it pacify global energy relations or bring a perilous transition?   Read Book Chapter 

1st November 2023
Turkey and the EU: Energy, Transport and Competition Policies

Turkey and the EU: Energy, Transport and Competition Policies

This book is the product of a research project on Turkey-EU relations launched at the time when Turkey’s accession talks were coming to a standstill. The purpose of this project, carried out by a team of faculty members from Central European University (Budapest) and Sabancı University (Istanbul), was to change the hackneyed research agenda of EU-Turkey relations and move the debate away from repeated iterations of perceptions of Turkey’s identity, its Europeanness, and its ability to adapt to EU norms. Instead, the project focused on strategic aspects of Euro-Turkish relations with a view to assessing how Turkey’s regional policy and its role in the neighbourhood might be reconciled with those of the EU even when its membership prospects remained bleak. Specifically, these studies aimed to (i) examine the extent to which Turkey’s policies have the potential to converge with those of the EU’s neighbourhood policies; (ii) provide a better understanding of how Turkey’s regional priorities might serve to strengthen or detract from its EU membership goals; and (iii) reassess Turkey’s potential to complement and reinforce EU policies and practices in its neighborhood. To these ends, the project produced 15 papers focusing on four specific policy areas and means of regional cooperation. Six of the papers are featured here in this volume. Authors: Ahmet O. Evin, Emre Hatipoglu & Peter Balazs http://ipc.sabanciuniv.edu/publication/turkey-and-the-eu-energy-transport-and-competition-policies

1st May 2016
Spatial Modeling of Bargaining Among Stakeholders in Energy Policy: The Case of Japanese Nuclear Plants

Spatial Modeling of Bargaining Among Stakeholders in Energy Policy: The Case of Japanese Nuclear Plants

This paper evaluates the evolving political will in Japan to restart nuclear power plants to generate electric power, in light of the country’s political and economic developments over the past few years. We apply a model of collective decision-making processes (CDMPs), using the KAPSARC Toolkit for Behavioral Analysis (KTAB), to simulate the interactions among different interest groups including policymakers, national and local political leaders, electricity companies, and the public, given their varying interests, goals and priorities.

15th February 2023
World Oil and Critical Mineral Study: A Global VAR Analysis

World Oil and Critical Mineral Study: A Global VAR Analysis

Critical minerals (CMs), such as lithium, cobalt, nickel, and rare earth metals, are essential for the development of clean energy technologies across the whole value chain of wind and solar power, electricity networks, and electric vehicles (EVs). Demand for these minerals is expected to grow quickly as energy transitions accelerate. Other sectors that depend on CMs include the electronics, defense and space industries.

26th September 2023
World Oil and Inventory Study: A Global VAR Analysis

World Oil and Inventory Study: A Global VAR Analysis

Despite numerous journal articles, forecasting studies, and books, very little is known about the actual quantitative value, or economic cost, of shocks to world oil markets. The potential consequences of a given political or economic disturbance are unclear, and appear to depend on market conditions at the time of forecast and the idiosyncratic nature of the shock (see Figure 1). This study develops a new analytical framework to analyze shocks to world oil markets. We build upon the global vector autoregression (GVAR) model developed in 2016 by Mohaddes  and Pesaran to include a new variable, OECD oil inventories, creating the GVAR Oil and Inventory Model — GOVAR. We also expand its geographic coverage by adding two new countries, Russia and Venezuela.    

10th June 2020
Behavioral Aspects of Energy Transition: A KAPSARC-Energy Systems Catapult (ESC) Joint Methodological Report

Behavioral Aspects of Energy Transition: A KAPSARC-Energy Systems Catapult (ESC) Joint Methodological Report

KAPSARC’s work on innovation in electricity transitions has focused on unbundling services in the electricity sector (KAPSARC 2016) and developing the microeconomic foundation for a reliability service. Our research has investigated the experiences of industries resembling the electric power sector and those involved in the sharing economy that have recently faced technological disruptions. In Fuentes (2016), we argued that reallocating risk across the electricity market, and the apparent paradox between (spare) capacity and price signals (scarcity) could open up a new role for incumbent electricity firms. 

11th March 2020
Country Horizon: Russia

Country Horizon: Russia

This report provides an up-to-date overview of Russian domestic and foreign policy issues related to the oil and natural gas markets. We also discuss the potential role of hydrogen in Russia’s short-term energy strategy. We present a succinct overview of the domestic determinants of Russian energy policy and then describe Russia’s ongoing and planned energy infrastructure projects. In doing so, we particularly focus on Russia’s recent efforts to bring its new hydrocarbon resources to global markets. We also discuss recent developments related to Russia’s dialogue with its key energy partners.    

28th February 2022
The Limit, Save, and Grow Act and Possible Scenarios for the Future of the Inflation Reduction Act

The Limit, Save, and Grow Act and Possible Scenarios for the Future of the Inflation Reduction Act

The IRA has already begun delivering tangible benefits in the U.S., with much of it going to Republican districts. While LGSA has brought House Speaker McCarthy into the national spotlight, he does not have sufficient political clout to pursue a reversal of the IRA, especially when it would hurt the electoral prospects of individual Republican members of Congress. The Democratic majority in the Senate and President Biden’s veto threat further secure IRA policies. Our assessment suggests that Biden will use other bargaining chips before conceding on the (energy-related) provisions of IRA.

4th June 2023
Gaming Out the Proposed Price Cap on Russian Oil

Gaming Out the Proposed Price Cap on Russian Oil

In a June 29, 2022, communique, the G7 countries agreed to explore ways to impose a price cap on Russian oil exports. The main mechanism would be a ban on the provision of insurance, logistics and financial services by G7 nations for cargoes sold above the price ceiling. While there are some workarounds, the oil market is overwhelmingly served by G7 service providers, which could create a significant impediment to Russian exports. The G7 accounts for about 30% of the world’s total oil consumption and has called on other countries to join this multilateral effort with the hope of bringing the Russian-Ukraine conflict to a peaceful resolution. While regulating Russian exports would impact all members of the G7 and the rest of the world, the European Union (EU) was by far the largest market for Russian energy before the current crisis, and their energy systems are designed for Russian grades, making it difficult to replace.

24th November 2022
The Effects of Russian Sanctions on the Global Economy

The Effects of Russian Sanctions on the Global Economy

On February 24, 2022, Russia began a ‘special military operation’ in Ukraine, which quickly escalated into a militarized conflict across multiple fronts. The act drew immediate disapproval from the United Nations and led most members of the Western alliance to impose sanctions on Russia, which has had negative spillover effects on the world economy.

10th October 2022
The Impact of Global Trade Disruptions on World Oil Markets

The Impact of Global Trade Disruptions on World Oil Markets

After decades of relatively smooth trade liberalization, a wave of protectionist measures and a global trade war is now threatening world trade. On September 1, 2019, the United States (U.S.) imposed a new series of tariffs on Chinese imports worth more than $100 billion.

4th December 2019
Iran Sanctions: Implications for the Oil Market

Iran Sanctions: Implications for the Oil Market

United States (U.S.) Iran energy sanction waivers expired May 2, 2019. The waivers permitted eight economies (China, Greece, India, Italy, Japan, South Korea, Taiwan, and Turkey) to temporarily continue buying oil from Iran. Based on KAPSARC modeling of the political decision-making process, this Instant Insight – the first such KAPSARC publication – finds that the international community, and indeed some of the waiver economies, will at best partially comply with reinstated sanctions. China, India and Turkey are particularly unlikely to comply with U.S. sanctions and will maintain much of their current oil trade with Iran, the modeling shows. The paper also simulates the likely impact on the global oil price of ending the waivers in four scenarios which show: i) no oil price rise if the sanctions don’t work at all, ii) an oil price rise of up to 12% by Q2 2020 if Iranian oil exports drop by an average 42%, iii) a 30%-plus price increase if the sanctions are 100% effective, and iv) no significant price change if Saudi Arabia offsets reduced Iranian crude oil exports by increasing its output and exports. The analysis in the paper is based on two in-house models: the KAPSARC Toolkit for Behavioral Analysis (KTAB) and the KAPSARC Global Energy Macroeconometric Model (KGEMM).

9th May 2019
Critical Minerals and the Oil Industry: The Impact of a Positive Shock to Critical Mineral and World Oil Prices

Critical Minerals and the Oil Industry: The Impact of a Positive Shock to Critical Mineral and World Oil Prices

The term “critical minerals” (CMs) refers to a distinct category of commodities, such as rare earths, critical earth minerals, and other non-fuel minerals or mineral materials that are of strategic importance to national economies and technical development and that have a high risk of being associated with supply disruptions. Consequently, the definition can vary over time and across countries. For example, in 2022, the U.S. Geological Survey added nickel and zinc while removing helium, potash, rhenium, and strontium to their list of critical minerals.

7th November 2024
Implications of the 2021 Iran-China Deal for the Oil Market

Implications of the 2021 Iran-China Deal for the Oil Market

In late March 2021, China and Iran signed a cooperation pact to stimulate investments in Iran’s oil, gas and petrochemical infrastructure. We refer to this pact as the ‘Iran-China deal’ throughout this manuscript. This deal attracted substantial attention for its effects on global oil markets and the geopolitics of the region. Reports suggest that China may invest as much as $400 billion in Iran’s infrastructure and oil sector over 25 years owing to the deal. In exchange, Iran will supply oil to China at below-market prices.

5th October 2021

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