King Salman receives written message from Azerbaijan president    Prince Abdulaziz Al-Faisal to Head Saudi Delegation to Olympic Council of Asia Meetings in Cambodia    flynas Launches the "Future Engineers Program" for Aircraft Engineering and Maintenance with 300 Saudi Engineers in Its First Batch    Saudi Arabia, UK explore increased trade, investment opportunities Keaveny arrives in Riyadh in first visit as Lord Mayor of London    King, Crown Prince congratulate Guinea president on Independence Day    Global philosophers to discuss science and philosophy in 2nd Riyadh Conference in December    Recycling by 2035 will contribute to an annual income of SR120 billion    18 new benefit added to health insurance policy    Dr. Khalid Al-Sabti, a techy savvy leader, taking ETEC to new heights KAUST workshop on 'Basics of AI' begins at ETEC    Jail, fine for citizens involved in forging official documents of a Saudi embassy    Al-Manea: Selling gold in installments is not permissible    Qatar Stock Exchange Ends Trading Lower    Saudi Stock Exchange Main Index Ends Trading Higher at 11,487 Points    MAWANI, Tabadul Sign MoU to Develop New Saudi Ports Management Systems    Saudi Arabia to Host 14th General Assembly Meeting of ARABOSAI    Saudi Ambassador to Jordan Meets with President of Islamic Development Bank    174 dead in Indonesian football stadium crush    Brazil polarized as Bolsonaro seeks re-election and Lula aims for comeback    OIC Condemns Suicide Attack on Private Educational Center in Kabul    Vehicle Overturn Kills 26, Injures 10 in India    Weather Forecast for Sunday    At Least 127 People Killed, 180 Injured at Football Match in Indonesia    King Charles will not attend COP27, says Palace    Morocco's King congratulates Mohammed bin Salman on becoming Saudi PM    UN chief condemns any attempt to seize power by the force of arms    Riyadh hosts first Saudi Games on Oct. 27    Saudi Arabia gets four memberships in IOC commissions    Al-Khuwaitm turns in golden display in Girls Gymnastics Championship in Riyadh    15 cups of Saudi coffee in a day are enough!    Saudi Arabia re-elected to ICAO Council membership    19 women, 2 men qualify as Kingdom's first yogasana referees    Movies return to Kashmir with Hrithik Roshan-starrer    Body of famed US climber found on Mt Manaslu in Himalayas    Yoga introduced to Saudi universities    Islamic Minister Al-Sheikh: Juristic judgment catalyst to salvage Islamic Ummah    Culinary Arts Commission Registers 13 Foods on Slow Food List of Endangered Food    72% of Children Globally have been Victims of Cyber Threats    Saudi National Football Team Continues Preparations for Friendly Match against Ecuador    Saudi Futsal Team Beats San Marino, Wins Silver in Croatian International Championship    During 2nd Global AI Summit.. AI-powered Early Breast Cancer Detection Program Launched    Triple talaq: India Muslim women in limbo after instant divorce ruling    Film Commission Reviews Film Industry Prospects in Saudi Arabia at Venice International Film Festival    Saudi national volleyball team loses to Kyrgyzstan in Asian Challenge Cup final    Saudi national volleyball team beats Uzbekistan, qualifies for the final of the Asian Challenge Cup    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

KAPSARC Highlights Critical Global Energy Challenges and Solutions at the 43rd IAEE Conference in Tokyo
Published in Saudi Press Agency on 09 - 08 - 2022

A delegation from Saudi Arabia's King Abdullah Petroleum Studies and Research Center (KAPSARC), participated in three key plenary and 11 concurrent sessions at Tokyo's 43rd International Association for Energy Economics (IAEE) conference. Titled "Mapping the Energy Future, Voyage in Uncharted Territory," the conference ran from July 31 to August 4, 2022, and attracted over 600 attendees.
Against the backdrop of worldwide blackouts and scorching heatwaves, KAPSARC's subject matter experts shared their insights on current global energy and environmental concerns, disseminating actionable solutions to help shape future energy policies and encourage climate action.
Tatsuya Terazawa, Chairman and CEO of Japanese think tank the Institute of Energy Economics, Japan (IEEJ), and host of the conference, opened the conference with welcoming remarks: "We need to face the energy challenges to better cope with high energy prices and enhance energy security while at the same time realize our long-term goals of carbon neutrality and develop the necessary supply chains for energy sustainability.
KAPSARC's talks and presentations included the future role of fossil fuels, decarbonization risks and opportunities, renewables, energy economics, electricity markets, transportation and oil market stabilization."
During the plenary session "Climate Change and Decarbonization Challenges: Risks and Opportunities," KAPSARC Research Fellow Dr. Noura Mansouri asserted that, "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 oil and gas market expert, Hamid Al Sadoon, explained that more investment in the hydrocarbon industry is needed to bridge the potential future gap between energy supply and demand: "In all likelihood, hydrocarbons are here to stay. Simply because the developing world not only represents a large chunk of the demand, but they also need hydrocarbons to raise the standards of living of their citizens and develop their economies­ – that entails using more fossil fuels to reach parity with advanced nations."
KAPSARC President Fahad Alajlan spoke at the closing plenary, which concluded the three-day-long event: "The contrast between the discussions we had over the past few days and the discussions we had during COP 26 is stark. 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."
Further, Alajlan invited all participants to attend the 44th Annual International IAEE event in Riyadh, which is being organized by KAPSARC and the Saudi Association for Energy Economics.
The event will be held on 4-8 February and will be the first time for the IAEE to host its annual conference in the Middle East.
After the conference, KAPSARC and the IEEJ signed a memorandum of understanding (MoU) to cement their long-standing partnership.
The MoU will expand their areas of cooperation to advance research into energy economics and inform global policies.

Clic here to read the story from its source.