Saudi Press

Saudi Arabia and the world
Monday, Oct 02, 2023

KAPSARC launches second edition of the circular carbon economy index during COP27

KAPSARC launches second edition of the circular carbon economy index during COP27

King Abdullah Petroleum Studies and Research Center (KAPSARC) launched the second edition of the Circular Carbon Economy (CCE) Index at the UN Climate Change Conference (COP 27) in Sharm El-Sheikh, during an event entitled “Measuring Performance and Enablers for Net-Zero Transition Worldwide”.
“The CCE is a concept that is dear to us at KAPSARC because we truly believe in its value in promoting effective net-zero transitions. The CCE draws the attention to the need to manage energy and carbon flows holistically, each country and actor based on its strengths and priorities.” , Dr. Fahad M. Alturki, KAPSARC’s Vice-President of Knowledge and Analysis said.

The CCE concept was also endorsed by the G20 in 2020 as a holistic and inclusive approach for managing and reducing carbon emissions. The CCE is based on four Rs: it adds ‘remove’ to the three well-known Rs of reducing, recycling and reusing.

At the launch, Alturki highlighted that, in the 2022 edition, the number of countries included in the Index has been increased from 30 to 64, and it now covers approximately 90% of the world’s economy and carbon dioxide emissions.

In the 2022 edition, Norway, the Netherlands, Germany, the United Kingdom and Switzerland, top the CCE Index. At the bottom are five Sub-Saharan African countries. The gap between these top and bottom performers is notable, which indicates that countries toward the end of the list in particular will be in need of significant assistance to be able to successfully transition to CCEs.

In the area of CCE Performance, many countries are not yet deploying some of the most important technologies necessary for achieving full carbon circularity. Compared with the 2021 CCE Index, 57 countries improved their total CCE Index scores in 2022, while seven saw a deterioration in their scores.

Fatih Yilmaz, Fellow in the Climate and Sustainability Program at KAPSARC and one of co-authors of the CCE Index, noted that, for many countries, the most the challenging task for successful transitions will be how to address the large gaps in enabling factors and conditions in areas like technology and access to sustainable finance.

Thamir Alshehri, Research Lead in KAPSARC'S Climate and Sustainability Program and one of the co-authors of the Index, explained that the Index is a data-based tool aimed to support policymakers in developing carbon management and other mitigation polices, through its focus on how countries perform today on different CCE technologies and activities, and how much potential they have to accelerate their transitions toward carbon circularity and net-zero emissions.

For her part, Mari Luomi, Research Fellow at KAPSARC and the CCE Index project lead, added: “We hope that, with the expanded country coverage, the CCE Index can provide a new lens, and concrete quantitative metrics for countries worldwide to examine their net-zero transitions, to identify strengths and weaknesses, challenges and opportunities, and to manage these so that we can all collectively achieve the goals of the Paris Agreement for a prosperous climate-safe future.”

Related Articles

Saudi Press
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Swedish Embassy in Baghdad Engulfed in Flames Amidst a Firestorm of Protests
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Today, we're unveiling the splendor of one of Saudi Arabia's most exclusive and stunning retreats – the Jeddah Yacht Club
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Muslim Tycoon Asif Aziz Receives Approval for the Transformation of the iconic London Trocadero Landmark into Mosque
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
Israeli Prime Minister Netanyahu Hospitalized Due to Dehydration Amidst Summer Heatwave
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Saudi Arabia Joins the Treaty of Amity and Cooperation in Southeast Asia
The Renowned Crown Prince Camel Festival Set to Return to Taif on Aug. 1
Why Do Tech Executives Support Kennedy Jr.?