Interfuel Substitution in the Industrial Sector in Saudi Arabia

Muhammad Javid
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Muhammad Javid: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: The Kingdom of Saudi Arabia has taken many decisive steps toward a more sustainable future, in line with its Vision 2030, including the use of clean energy, offsetting of emissions, and protection of the environment. In this context, Saudi Arabia has set an ambitious target to reduce its carbon emissions by 278 mtpa by 2030. The objective of this study is to investigate the possibility of interfuel substitution in Saudi Arabia’s industrial sector and to identify the role of substituting fossil fuel with carbon-neutral fuel, such as electricity, in meeting the CO2emissions target. A ridge regression method is used to estimate the parameters of the translog production function for the period 1990–2020.

Keywords: Climate change mitigation; Carbon-neutral fuel; Electricity; Emmission offset (search for similar items in EconPapers)
Pages: 31
Date: 2023-11-20
New Economics Papers: this item is included in nep-ara, nep-ene and nep-env
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https://www.kapsarc.org/research/publications/inte ... tor-in-saudi-arabia/ First version, 2023

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2023-dp25

DOI: 10.30573/KS--2023-DP25

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