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About
Olivier is a executive director in the Energy Systems and Macroeconomics program. Previously, he was an economist at the Organisation for Economic Co-operation and Development (OECD) and at the International Energy Agency (IEA) in Paris where his activities covered macroeconomic policy analysis and applied general equilibrium modeling. He contributed to various modeling studies on the assessment of the macroeconomic, environmental and distributional consequences of energy and environmental policies. He also worked on the land-water-energy nexus and on the economic consequences of air pollution. Before he joined the OECD, Olivier worked at ENGIE, in Paris, where he developed an in-house modeling framework for quantifying global long-term energy-economy scenarios. While completing his Ph.D., he was a research assistant at the Center for Operations Research and Econometrics (CORE) in Louvain-la-Neuve, Belgium.
Publications
01 July 2024
KEMGEv2: A General Equilibrium Model for Least-Cost Net Zero Emission Pathways in Saudi ArabiaThis paper describes a novel, dynamic, forward-looking applied general equilibrium model of Saudi Arabia that represents interactions between the energy sectors and the rest of the economy. This model serves to produce long-term scenarios that describe possible energy transition traj...
30 November 2023
Net Zero Emissions in Saudi Arabia by 2060: Least-Cost Pathways, Influence of International Oil Price, and Economic Consequences
This paper presents possible net zero emissions (NZE) trajectories for Saudi Arabia at horizon 2060 and analyzes their possible economic consequences. We use an in-house hybrid forward-looking general equilibrium model of the Saudi economy. We construct a baseline scenario where the ...
04 July 2023
Fiscal Policy in Oil and Gas-Exporting Economies: Good Times, Bad Times and Ugly TimesRevenues from oil and gas exports represent an important source of government budgets in some emerging countries. At the same time, these revenues fluctuate considerably due to changing global economic conditions and energy prices. Economic theory prescribes that governments should t...
15 March 2021
Policies to Nationalize the Private Sector Labor Force in a Matching Model with Public Jobs and QuotasGulf Cooperation Council (GCC) countries aim to employ more of their nationals in the private sector to absorb the inflow of new entrants into the labor force. They have put in place workforce nationalization policies to revert two peculiar features of their labor markets: the prefer...
19 August 2020
Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi ArabiaThis paper simulates the sectoral and economy-wide consequences of deregulating energy prices in Saudi Arabia. Our analysis is based on KAPSARC’s general equilibrium energy model (KEMGE), a new hybrid computable general equilibrium model (CGE). The model examines the effects of full ...
17 October 2021
Modeling World Oil Market Questions: An Economic PerspectiveThe choice of a modeling approach is driven by the oil policy or market question that needs to be addressed. We provide the non-modeling community with insightful information on oil market models, shedding light on the economic interpretation of technical aspects (such ...
25 April 2021
Fiscal Policy for Stability in Oil-Exporting Countries: From the Old Problems to the Challenges of COVID-19Since the Great Recession of 2008, oil-exporting countries have had to adjust their fiscal policies to respond to larger oil price variations and increased unpredictability. This commentary provides insights into the relationship between oil prices and fiscal policies in emerging and...
17 September 2020
Impact of Methane and Black Carbon Mitigation on Forcing and Temperature: A Multi-model Scenario Analysisand BC mitigation, the two major short-lived climate forcers. Central estimates of temperature reductions in 2040 from an idealized scenario focused on reductions in methane and black carbon emissions ranged from 0.18–0.26 °C across the nine participating models. Reductions in metha...
08 February 2020
Can Better Technologies Avoid All Air Pollution Damages to the Global Economy?This paper assesses the potential role of the implementation of the best available technologies to reduce the economic consequences of outdoor air pollution in the coming decades. The paper focuses on market impacts related with additional health expenditures, changes in labour produ...
17 June 2019
Taking Some Heat Off the NDCs? The Limited Potential of Additional Short-lived Climate Forcers’ MitigationSeveral studies have shown that the greenhouse gas reduction resulting from the current nationally determined contributions (NDCs) will not be enough to meet the overall targets of the Paris Climate Agreement. It has been suggested that more ambition mitigations of short-lived climat...
24 May 2019
The Role of Methane in Future Climate Strategies: Mitigation Potentials and Climate Impacts) emissions in deep mitigation scenarios generated by integrated assessment models...4 emission reduction strategies, as well as resulting climate impacts. The models’ projected reduction potentials are compared to sector and technology-specific reduction potentials found in literature.
07 December 2018
The Drivers of Regional Growth in Russia: A Baseline Model with Applications
Russia is a federation of more than 80 regions spanning across a huge territory. Natural resource endowment, inherited industrial specialization, remoteness and climate conditions contribute to large regional disparities. This paper presents an empirical framework model for assessing...
27 March 2015
Modelling of distributional impacts of energy subsidy reforms: an illustration with IndonesiaThis report develops an analytical framework that assesses the macroeconomic, environmental and distributional consequences of energy subsidy reforms. The framework is applied to the case of Indon... Authors: Olivier Durand-Lasservei, Lorenza Campagnoloii, Jean Chateaui and Rob Dellinki
02 February 2014
Integration of power generation capacity expansion in an applied general equilibrium modelThis paper presents a version of a hybrid (top-down bottom-up), multi-region multi-period forward looking applied general equilibrium model, MERGE, that includes a capacity expansion submodel of the... Authors: Gauthier de Maere d’Aertrycke, Olivier Durand-Lasserve, Marco Schudel
02 December 2012
Sensitivity of policy simulation to benchmark scenarios in CGE models: illustration with carbon leakageIn a Computable General Equilibrium (CGE) setting, we show how the cost of a carbon policy for an open economy depends on the assumptions made about future exogenous structural changes. For dynamic CGE models, we propose ... Authors: Olivier Durant-Lasserve, Axel Pierru and Yves Smeers
02 September 2010
Uncertain long-run emissions targets, CO2 price and global energy transition: a general equilibrium approachThe persistent uncertainty about mid-century CO2 emissions targets is likely to affect not only the technological choices that energy-producing firms will make in the future but also their current investment decisions. We i... Authors: Oliver Durand-Lasserve, Axel Pierru and Yves Smeers
24 February 2025
Net-Zero Transition and Employment in Saudi Arabia’s Energy SectorSaudi Arabia has engaged in a deep transformation of its hydrocarbon-based domestic energy system. The shift is in line with the country’s Nationally Determined Contribution commitment to reduce emissions by 278 million tons below a baseline by 2030, and ... Read full report here