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

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

SHARM EL-SHEIKH — 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