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  • Saudi Arabia ranks among top 20 countries in Circular Carbon Economy Index by KAPSARC

    Saudi Arabia ranks among the top 20 countries in the 2023 Circular Carbon Economy Index, with most countries improving their index scores from the previous year, but the substantial gap remains between the top and the bottom. During COP28, the King Abdullah Petroleum Studies and Research Center in Riyadh officially unveiled the Index, covering 64 nations and representing 90 percent of global economic activity. It offers a comprehensive evaluation of global progress toward achieving net-zero emissions and readiness for the circular carbon economy.

  • Saudi Arabia ‘taking the lead’ in nature-based climate solutions, says KAPSARC

    The Riyadh-based King Abdullah Petroleum Studies and Research Center, in cooperation with the King Abdullah University for Science and Technology, released two reports last week on the matter at the UN Climate Change Conference, COP27, in Egypt. The solutions focused on the 4Rs of the circular carbon economy which are reduce, reuse, recycle and remove. “Most people know about the technological type of solutions, carbon capture and storage, putting it into underground aquifers, using it for enhanced oil recovery, direct air capture, and so on,” Adam Sieminski, senior adviser to the board of trustees at KAPSARC, told Arab News.

  • Saudi KAPSARC launches second Circular Carbon Economy Index

    Saudi Arabia’s King Abdullah Petroleum Studies and Research Center has launched the second edition of the Circular Carbon Economy Index, a tool to compare how 64 countries are deploying various methods and technologies to reduce their CO2 emissions. Launched during the UN Climate Change Conference, COP27, the CCE Index covers 90 percent of the global economy and carbon emissions, according to a statement.

  • KAPSARC: Saudi economy 60% more resilient to oil market shocks as a result of Vision 2030 reforms

    Saudi Arabia’s economy, measured by total gross domestic product (GDP), is estimated to become 60% more resilient to oil price shocks by 2030, according to a new study by the King Abdullah Petroleum Studies and Research Center (KAPSARC). Vision 2030’s economic reforms will make Saudi households’ consumption 40% less volatile, stabilize economic activity, employment levels and household income, improving the overall well-being of households in the long-term. The study, “Resilience of Saudi Arabia’s Economy to Shocks: Effects of Economic Reforms,” employs a KAPSARC model that mimics the economy’s response to external shocks. It uses economic data — GDP, investment, and household income — before and after the implementation of Vision 2030’s economic reforms are completed, such as diversifying the economy away from oil.

  • KAPSARC identifies hydrogen opportunities in Saudi Arabia

    The KAPSARC researchers look at realistic cost scenarios based on realistic assumptions about the price of natural gas in Saudi Arabia, and the cost of electricity from renewable sources. The anticipated costs and capacity factors of electrolysis systems are also carefully considered.

  • Saudi Arabia in prime position for green, blue hydrogen production: KAPSARC study

    At current domestic gas prices and considering the average auction price of the renewable energy projects awarded in 2020, the cost of producing blue and green hydrogen is estimated to be at $1.34/kg and $2.16/kg, respectively.

  • KAPSARC analyzes sectoral investment in Saudi Arabia for 8 non-oil sectors

    Sector-specific tailored investment policies are preferable to a one-size-fits-all investment policy. Therefore, tailored, sector-specific policy measures should be considered. The study mentioned that the depreciation of the riyal in real terms benefits non-oil tradable sectors, such as agriculture and non-oil manufacturing.

  • KAPSARC Oil Market Outlook

    The drivers of this quarter’s significant demand growth will be the reopening of COVID-related shutdowns/behaviors, continued economic recovery and seasonal consumption patterns. We anticipate that the most significant quarter-on-quarter (QoQ) growth will come from the U.S., followed by the OECD Europe and then Russia. RELATED PROJECTS See all projects

  • KAPSARC Oil Market Outlook

    Total global oil demand is expected to increase year-on-year (YoY) by 4.3 million barrels per day (MMb/d) in 2021 to 96.3 MMb/d. It is expected to further grow by 3.2 MMb/d in 2022 (300,000 barrels per day [Kb/d] less than our January Q1 2021 outlook for 2022), returning to 2019 levels by Q3 2022. Our oil demand growth projections are less optimistic than the International Energy Agency (IEA), OPEC and the Energy Information Administration (EIA).

  • Zaha Hadid Architects Honeycomb KAPSARC

    Zaha Hadid Architects design a prismatic energy and environmental research campus, the King Abdullah Petroleum Studies and Research Center (KAPSARC), in Riyadh, Saudi Arabia. KAPSARC is a non-profit institution founded by the Saudi Council of Ministers, in order for an international group of expert researchers to advance studies of domestic and global energy challenges and opportunities. ZHA created a 750,000 square foot structure to house these opportunities for researchers to explore the potential of effective and productive energy use.