Fuel Freedom Chair for Energy and Social Development

Holder: Ahmad Rahnema

We are facing an extreme energy shortage globally. Access to affordable fuels would create significant and positive change in developing nations.

IESE has teamed up with the Fuel Freedom Foundation to mitigate energy poverty by creating the Fuel Freedom Chair for Energy and Social Development to address this problem through research, energy education and knowledge transfer.

The Fuel Freedom Chair leads research projects in selected countries in partnership with local associated business schools in order to deliver a program – adapted to each country’s reality – that focuses on understanding the key challenges, mapping potential solutions and encouraging their adoption.

Research lines

  • Electricity: Two-thirds of the population of Sub-Saharan Africa still lives without access to electricity, especially in rural areas, where most electricity comes from small diesel generators. They can be converted to run on cheaper, cleaner and locally produced methanol and other fuels. Furthermore, new business models can harness solar photovoltaic and off-grid technologies to connect remote localities.
  • Transportation: Transportation (oil-based) fuel costs are significantly higher in Africa and other developing nations than in the developed world. Africans could convert cars already on the road to run on locally produced replacement fuels such as ethanol, methanol and butanol, which burn cleaner than gasoline.
  • Fertilizer production: Alternatives to the lack of affordable fertilizers can be developed through local fertilizer facilities using residual natural gas and by improving the access to credit for small farmers.
  • Cooking fuels: Approximately 3 billion people around the world cook and heat their homes using open fires and simple stoves, leading to premature deaths and pollution. Solutions include domestically produced ethanol or LPG to fuel cookstoves instead of using.
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Activities

  • Conference “Ghana´s Energy and Fertilizer Landscape: Challenges and Opportunities”. Sept 04-06, 2019. Akosombo, Ghana. In partnership with China-Europe Business School (CEIBS).
  • Seminar “Le paysage énergétique de la Côte d’Ivoire: défis et opportunités d’investissement.” May 22-23, 2018, Abidjan, Côte D´Ivoire. In partnership with MDE Business Schoool and with the support of the Ministre du Pétrole, de l’Energie et du Développement des Energies Renouvelables.
  • Seminar “Kenya’s Energy Landscape: Challenges and Investment Opportunities” March 5-8, 2017 Naivasha, Kenya. In partnership with Strathmore University.

Holder of the Chair

Ahmad Rahnema is a professor and director of IESE’s Financial Management Department, and deputy associate dean for faculty. He holds a doctorate in Business Management from IESE, is president of the Spanish Financial Forum of London and a member of the editorial board of the journal Harvard Deusto Business Review. His principal areas of research are international finance, risk management and means of payment. He has worked on a variety of consulting projects for diverse international companies.

Research

Sponsor

Publications

Working Papers

GIORDANO, P., ASSOGBA, M., RAHNEMA ALAVI, A. (2018). Fueling the Change: The Journey From Biomass to Modern Source. Situation and perspectives of cooking fuels in Côte d'Ivoire (WP-1207-E). Barcelona: IESE.
GIORDANO, P., ASSOGBA, M., RAHNEMA ALAVI, A. (2018). Accelerating the Green Revolution in Cote d'Ivoire: Fertilizers Against Undernourishment and Deforestation (WP-1204-E). Barcelona: IESE.
PELIZAN PAVLAK, L., SEDJI, S.-I. H., RAHNEMA ALAVI, A. (2018). Powering Côte d'Ivoire. Understanding The Landscape And Exploring Possibilities For Investment (WP-1205-E). Barcelona: IESE.
RAHNEMA ALAVI, A., SANCHEZ, F., SEDJI, S.-I. (2018). Fuel Industry for Road Transportation in Côte D'ivoire (WP-1206-E). Barcelona: IESE.
RAHNEMA ALAVI, A., SANCHEZ, F., KERUBO, L. (2017). Powering Kenya: Understanding the Landscape and Exploring Possibilities for Investments (WP-1180-E). Barcelona: IESE.

Cases

MUNGAI, E., RAHNEMA ALAVI, A. (2018). Public Private Policy Change Engagement: Consumer Choice Limited. IESE, E-189-E.
BEAUDRY, M., RAHNEMA ALAVI, A. (2017). Israel Electric Corporation: Pursuing Cleaner Energy. IESE, F-928-E.
MITCHELL, J., RAHNEMA ALAVI, A. (2017). Abengoa SA: The Unveiling or Unraveling of a Bold New Strategy? IESE, F-929-E.
GIORDANO, P., SANCHEZ, F., RAHNEMA ALAVI, A. (2017). God is Brazilian: Turning Alcohol into Fuel. IESE, SM-1654-E.
RAHNEMA ALAVI, A. (2016). WindPro, S.A.. IESE, F-923.

Journal Articles (refereed)

JONSDOTTIR, G. E., SIGURJONSSON, T. O., RAHNEMA ALAVI, A., MITCHELL, J. (2021). Applying Responsible Ownership to Advance SDGs and the ESG Framework, Resulting in the Issuance of Green Bonds. Sustainability, 13 (13). doi:10.3390/su13137331.
RAHNEMA ALAVI, A. (2005). Nokia's Growing Cash Mountain. International Journal of Finance Education, 1 (1), 113 - 124.

Working Papers

GIORDANO, P., ASSOGBA, M., RAHNEMA ALAVI, A. (2018). Fueling the Change: The Journey From Biomass to Modern Source. Situation and perspectives of cooking fuels in Côte d'Ivoire (WP-1207-E). Barcelona: IESE.
GIORDANO, P., ASSOGBA, M., RAHNEMA ALAVI, A. (2018). Accelerating the Green Revolution in Cote d'Ivoire: Fertilizers Against Undernourishment and Deforestation (WP-1204-E). Barcelona: IESE.
PELIZAN PAVLAK, L., SEDJI, S.-I. H., RAHNEMA ALAVI, A. (2018). Powering Côte d'Ivoire. Understanding The Landscape And Exploring Possibilities For Investment (WP-1205-E). Barcelona: IESE.
RAHNEMA ALAVI, A., SANCHEZ, F., SEDJI, S.-I. (2018). Fuel Industry for Road Transportation in Côte D'ivoire (WP-1206-E). Barcelona: IESE.
RAHNEMA ALAVI, A., SANCHEZ, F., KERUBO, L. (2017). Powering Kenya: Understanding the Landscape and Exploring Possibilities for Investments (WP-1180-E). Barcelona: IESE.

Articles in other publications

ZAMORA, J., RAHNEMA ALAVI, A., TATARINOV, K. (2014). Bitcoin: el impacto de la nueva moneda virtual. Harvard Deusto Business Review (240), pp. 72 - 82.
RAHNEMA ALAVI, A., SOLEY, J., CUTILLAS, S. (2011). Una inyección de estabilidad para el sistema bancario. Harvard Deusto Finanzas y Contabilidad (99), pp. 44 - 53.
RAHNEMA ALAVI, A. (2010). Europe: Riding out of recession. The future of electronic payments - our relationship with money. Has our relationship with money and spending changed?, pp. 31 - 34.
RAHNEMA ALAVI, A., SOLEY, J. (2006). Implantación de un sistema de gestión integral del riesgo operacional en las entidades financieras. Estrategia Financiera (224), pp. 30 - 40.
RAHNEMA ALAVI, A., HUGUET, I. (2005). El plan de expansión de DOGI en Asia. Estrategia Financiera (220), pp. 20 - 27.

Books

SOLEY, J., RAHNEMA ALAVI, A. (2008). Basilea II. una nueva forma de relación banca-empresa. Aravaca: McGraw-Hill Interamericana de España.
RAHNEMA ALAVI, A. (2006). Finanzas internacionales. Barcelona: Gestión 2000.
FAUS, J., RAHNEMA ALAVI, A. (1997). Cómo interpretar la prensa económica y financiera. Barcelona: Ediciones Deusto.

Book Chapters

RAHNEMA ALAVI, A., SIMON, J., SEAGER, P. (2017). Corporate and Entrepreneurial Finance: Moving Your Business from Back of the Envelope to Front of the Class. In Mike Rosenberg and Philip H. Seager (Ed.), Managing Media Businesses: A Game Plan to Navigate Disruption and Uncertainty (pp. 183 - 204).
RAHNEMA ALAVI, A. (2008). Estrategia financiera internacional. En Francisco J. Garrido (Ed.), Lo que se aprende en los mejores MBA (pp. 177 - 209). Barcelona: Gestión 2000.
RAHNEMA ALAVI, A., SUÁREZ, J. L. (1997). El análisis de la inversión directa en el extranjero. En A. Argandoña [et al.] (Ed.), Crecimiento e inversión (pp. 57 - 80). Barcelona: Ediciones Folio.
RAHNEMA ALAVI, A. (1997). Gestión de riesgos de tipos de cambio. En P. Videla, A. Pastor, A. Rahnema (Eds.), Mercados financieros internacionales (pp. 72 - 91). Barcelona: Ediciones Folio.
MARTÍNEZ ABASCAL, E., RAHNEMA ALAVI, A. (1995). Repsol, S.A. In Paul Stonham, Keith Redhead (Eds.), European casebook on finance (pp. 50 - 76). Harlow, England: Prentice Hall.

Studies

MATEACHE, P., GARCÍA-RAMOS, M., RAHNEMA ALAVI, A., SOLEY, J. (2012). Las oficinas bancarias y el proceso de reestructuración en marcha. Cerrar oficinas es inevitable, pero no debería ser la primera decisión.
RAHNEMA ALAVI, A. (2006). El sector de las tarjetas de pago en España.
RAHNEMA ALAVI, A., LIECHTENSTEIN, H., MUECK, F. (2005). Cómo prevenir la crisis en las pequeñas y medianas empresas en Cataluña.

Cases

MUNGAI, E., RAHNEMA ALAVI, A. (2018). Public Private Policy Change Engagement: Consumer Choice Limited. IESE, E-189-E.
BEAUDRY, M., RAHNEMA ALAVI, A. (2017). Israel Electric Corporation: Pursuing Cleaner Energy. IESE, F-928-E.
MITCHELL, J., RAHNEMA ALAVI, A. (2017). Abengoa SA: The Unveiling or Unraveling of a Bold New Strategy? IESE, F-929-E.
GIORDANO, P., SANCHEZ, F., RAHNEMA ALAVI, A. (2017). God is Brazilian: Turning Alcohol into Fuel. IESE, SM-1654-E.
RAHNEMA ALAVI, A. (2016). WindPro, S.A.. IESE, F-923.

Technical Notes

SOLEY, J., RAHNEMA ALAVI, A., CUTILLAS, S. (2012). Basel III. Toward a new financial architecture. IESE, FN-583-E.
SOLEY, J., RAHNEMA ALAVI, A., CUTILLAS, S. (2011). Basilea III. Hacia una nueva arquitectura financiera. IESE, FN-583.
SUSAETA ERBURU, L., RAHNEMA ALAVI, A. (2006). El microcrédito y las instituciones microfinancieras. IESE, FN-540.
SOLEY, J., RAHNEMA ALAVI, A. (2005). Basel II: Operational Risk in Financial Institutions. IESE, FN-537-E.
SOLEY, J., RAHNEMA ALAVI, A. (2005). Basilea II. El riesgo operacional en las entidades financieras. IESE, FN-537.