- Home
- /
- Our Experts
- /
- Bollino, Carlo Andrea
Primary Program
About
Carlo Andrea Bollino is a Professor of Economics at the University of Perugia and Professor of Energy Economics at the University LUISS, Rome. He holds a Ph.D. in Economics from the University of Pennsylvania, where he was supervised by Nobel laureate Professor Lawrence Klein. He has been a Visiting Researcher at KAPSARC since 2015, focusing on econometric analysis, electricity market reform and climate change policy analysis. He is a Visiting Professor at Technische Universität, Berlin, Germany, the President (honorary) of the Italian Association for Energy Economics. He was the President of the IAEE in 2008, the President of GSE (Italian Renewable Energy Agency) and GRTN (Italian Electric Transmission network); Energy Advisor to the Minister of Industry and Ministry of Treasury of Italy; Chief Economist, ENI; Economist, Bank of Italy; and a Research Associate at Project Link for the United Nations. He has testified to the Italian Senate and Parliament briefings and has provided various governments with technical and policy reports on electricity market liberalization and renewable energy developments.
Publications
12 March 2024
Extended KGEMM’s Emission Block With Carbon Pricing
This methodological work develops a representation of carbon pricing through the KAPSARC Global Energy Macroeconometric Model (KGEMM). This representation makes two principal contributions in terms of model capabilities: establishing a feedback link from the emissions block to the en...
03 November 2024
Long-Term Forecasting Models of Oil Demand Emerging from the Global Petrochemical SectorThis study aims to estimate the demand for petrochemical feedstocks for four main products (naphtha, ethane, liquified petroleum gas [LPG], and other petrochemical products) for each of the eight regions of the world.
22 November 2023
Gasoline and Diesel Prices in the OECD, China, and India: How Do They Behave During Volatile Times?. Together, they have compiled a dataset aimed at elucidating how the prices of gasoline and diesel evolved during this three-year span and which factors played a more significant role in determining the prices. Presented at a country level on a monthly basis, the data facilitates th...
17 January 2023
The G7 Pricing Scheme, an Exercise in Monopsony PowerHigh in the Bavarian Alps, at a special security session, G7 leaders set out to devise an ambitious plan to sanction Russian energy sales. The intent was to reduce Russian profits from oil and gas sales, while minimizing the damage to developed economies caused by rising fuel prices ...
09 May 2019
Iran Sanctions: Implications for the Oil MarketThe paper also simulates the likely impact on the global oil price of ending the waivers in four scenarios which... The analysis in the paper is based on two in-house models: the KAPSARC Toolkit for Behavioral Analysis (KTAB) and the KAPSARC Global Energy Macroeconometric Model (KGEMM).
09 September 2020
Balancing Energy Security Priorities: Portfolio Optimization Approach to Oil Imports
The notion of energy security in most interpretations includes the physical supply and price affordability components, making financial risks a crucial part of energy security strategies. Mainstream analysis has focussed on the notion of the physical supply. This paper introduces a n...
17 September 2019
Estimating the Household Consumption Function in Saudi Arabia: An Error Correction ApproachWe estimate a micro-founded life-cycle consumption model for Saudi Arabia over the period 1970–2017 using error correction model procedures. Dynamic adjustments are significant, and both income and wealth are found to have significant effects, with a long-run marginal propensity to c...
29 November 2018
Effect of Preferential Trade Agreements on China’s Energy Trade From Chinese and Exporters’ Perspectives
China is a major energy import powerhouse, its trade deals have significant impact on international energy trade and global energy markets. The purpose of this paper is to explore the role of energy in China’s preferential trade agreements (PTAs) and their impact on Chinese imports o...
01 June 2018
Estimating the learning curve of solar PV balance–of–system for over 20 countries: Implications and policy recommendationsSolar photovoltaic systems installed on homes and commercial building rooftops are deemed central for a low-carbon future. As capital costs of photovoltaics continue to fall, its role towards making buildings more sustainable and environmentally-friendly will continue to grow. Capita...
01 April 2018
Energy demand elasticities and weather worldwideThe purpose of this paper is to empirically estimate a model of aggregate residential and commercial energy demand elasticities, taking into account capital stock and climatic effects. We model a theoretically founded non-linear energy demand system, the generalized almost ideal, for...
01 November 2017
Modeling of electricity demand for Azerbaijan: Time-varying coefficient cointegration approachRecent literature has shown that electricity demand elasticities may not be constant over time and this has investigated using time-varying estimation methods. As accurate modeling of electricity demand is very important in Azerbaijan, which is a transitional country facing significa...
01 March 2017
Foreword to the special issue: Renewables and diversification in heavily energy subsidized economies
01 February 2017
Analyzing the effects of renewable energy and climate conditions on consumer welfareThis paper aims to measure the impact of the gradual adoption of Renewable Energy Sources (RES) on the welfare of consumers. To this end, we construct a theoretically founded measure of the true cost of living (TCL) and the equivalence scale (ES) for the household sector, based on a ...
24 August 2021
Sectoral Investment Analysis for Saudi ArabiaThis study aims to investigate the determinants of short- and long-run investment behavior in Saudi Arabia for eight non-oil sectors. Saudi Arabia is currently proceeding with its historic Vision 2030 reform plan, which aims to significantly increase the private sector’s contribution...
25 November 2020
Energy Security and Portfolio Diversification: The Exporter’s PerspectiveDespite the increasing attention paid to energy security and the continuously broadening scope of the field, the perspective of energy importing countries (i.e., supply security) has overshadowed that of exporters, who seek to ensure demand security. As official statements and policy...
28 May 2019
Balancing Energy Security Priorities: A Portfolio Optimization Approach to Oil Imports
- The risk premium associated with passing through the Malacca Straits would result in a 27.5% increase in price volatility for China’s oil imports, although the negative impact on its average import price level would be less pronounced, at 2.6% compared to between 5.2% and 5.8% for t...
05 February 2019
Estimating the Household Consumption Function in Saudi ArabiaThe authors’ estimation shows that both income and wealth have significant effects on household consumption in Saudi Arabia, with a long-run marginal pro... The sensitivity of consumption to income and wealth in Saudi Arabia appears to be consistent with the growth of the Saudi economy.
30 December 2018
A Comparison of Alternative Programs for Climate PoliciesAs an alternative, we evaluate a methodology that could fund investments to reduce carbon dioxide (CO2) emissions, and we show that the policy we consider to be optimal from a tax standpoint – Ramsey pricing can both improve world welfare and be politically more acceptable than other...
04 June 2018
Potential Effects of Trade Liberalization on China’s Imports of Plastics From the GCCPetrochemical products, particularly plastics, contribute to a significant share of expanding and increasingly diverse trade flows between the Gulf Cooperation Council (GCC) countries and China. The petrochemical sector could benefit from a preferential bilateral trade regime between...
15 June 2017
Estimating the Learning Curve of Solar PV Balance-of-Systems for Over 20 CountriesThe capital cost of a solar photovoltaic (PV) system comprises the module and balance-of-systems (BOS). The latter refers to everything else that is needed to make the solar system functional including cables, mounts, labor, etc. While modules are priced internationally, the BOS is c...
16 April 2017
The Effect of Preferential Trade Agreements on Energy Trade from Chinese and Exporters’ PerspectivesDuring periods of supply abundance that lead to lower prices, commodity exporters strive to secure their market share with major importing economies. This paper seeks to cast light on what drives an exporter’s share of Chinese imports of oil, gas and coal – and we find that the strat...
08 September 2016
The Renewable Energy Policy ParadoxOne major avenue for policymakers to meet climate targets is by decarbonizing the power sector, one component of which is raising the share of renewable energy sources (renewables) in electricity generation. However, promoting renewables in liberalized power markets creates a paradox...
10 August 2016
Quantifying Worldwide Demand Elasticities as a Policy ToolThis paper provides a comprehensive worldwide database of estimated elasticities for electricity and natural gas for households as a function of income, price, capital stocks and weather conditions.
23 October 2020
Integrated Policies to Improve the Energy–Water– Food System Nexus to Achieve the SDGsThe suggestion is to promote policies to (1) facilitate which determinants are best suited to enhance the convergence of policy process, such as economic diversification, subsidy removal, and liberalization through a multisectoral approach; and (2) support increasing e...
15 October 2020
Adaptive Policy to Leverage Hydrogen in The Energy TransitionThe transition from gray to blue and green hydrogen offers an adaptive path for hydrogen production and deployment in both energy resource-rich and consuming countries. An exchange platform and working group unifying industry practitioners, policy makers, and academics from the G20 c...
19 May 2020
The Role of Monetary Policy in Worldwide Solidarity in the Face of Covid-19
- A special national issue of bonds is launched and subscribed by the major...
- To establish a global coordination mechanism among central banks, aimed at avoiding global spill over problems. The G20 might be a good forum to achieve global coordination among central bank policies.
21 May 2019
How Total Factor Productivity Drives Long-Run Energy Consumption in Saudi ArabiaIn this study, we investigate how total factor productivity (TFP), alongside income, price, and population, shapes energy consumption in the long-run in Saudi Arabia, the world’s number one oil exporter. To do so,... https://link.springer.com/chapter/10.1007%2F978-3-030-06001-5_8