KAPSARC Participates in IAEE Conference in Tokyo

KAPSARC Participates in IAEE Conference in Tokyo

The discussions focused on current global energy and environmental concerns

Saudi Arabia’s energy economics and sustainability think tank, the King Abdullah Petroleum Studies and Research Center, participated in the 43rd International Association for Energy Economics conference in Tokyo last week.

The conference, titled “Mapping the Energy Future, Voyage in Uncharted Territory,” took place from July 31 to August 4.

The discussions focused on current global energy and environmental concerns, and how to find solutions to help shape future energy policies and encourage climate action.

KAPSARC’s talks also analyzed the future role of fossil fuels, decarbonization risks and opportunities, renewables, energy economics, electricity markets, transportation and oil market stabilization.

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The conference was organized in 11 sessions.

During the plenary session “Climate Change and Decarbonization Challenges: Risks and Opportunities,” KAPSARC Research Fellow Dr. Noura Mansouri said: “Today, we have the opportunity of decarbonization represented in the Circular Carbon Economy, which is a new framework that values all options and encourages all efforts to reduce carbon accumulation in the atmosphere.”

KAPSARC President, Fahad Alajlan, said: “COP 26 discussions had a prescriptive view on what we all need to do to achieve net zero by 2050 without taking into consideration the more complex nature of nations worldwide.

“Over the past few days, we have together adopted a more nuanced approach towards collective climate solutions that are holistic and inclusive".

Fahad Alajlan invited participants to attend the 44th Annual International IAEE event in Riyadh, which is being organized by KAPSARC and the Saudi Association for Energy Economics in 2023.

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