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KEMGEv2: A General Equilibrium Model for Least-Cost Net Zero Emission Pathways in Saudi Arabia

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  • Olivier Durand-Lasserve

    (King Abdullah Petroleum Studies and Research Center)

Abstract

This paper describes a novel, dynamic, forward-looking applied general equilibrium model of Saudi Arabia that represents interactions between the energy sectors and the rest of the economy. This model serves to produce long-term scenarios that describe possible energy transition trajectories in terms of policies, emissions, and economic impacts. This model covers all the sources of greenhouse gas emissions and features several emission reduction technologies and a representation of hydrogen supply and demand. We explain the overall structure of the model and how the different energy demand technologies are represented. We also describe the linkages with the rest of the world through trade in energy commodities.

Suggested Citation

  • Olivier Durand-Lasserve, 2024. "KEMGEv2: A General Equilibrium Model for Least-Cost Net Zero Emission Pathways in Saudi Arabia," Methodology Papers ks--2024-mp04, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:mpaper:ks--2024-mp04
    DOI: 10.30573/KS--2024-MP04
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    Keywords

    Belt and Road; Capital expenditure; Circular Carbon Economy (CCE); CO2 emissions;
    All these keywords.

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