{"title":"Evaluating the advancement of sustainable development objectives in recently industrialized nations by tying gold prices, fossil fuel prices, and energy use","authors":"Tiancheng Xu , Chun Feng , Esmira Guluzada , Chen Chao","doi":"10.1016/j.esr.2024.101575","DOIUrl":"10.1016/j.esr.2024.101575","url":null,"abstract":"<div><div>Rapid industrialization in recently industrialized countries (NICs) has exacerbated environmental degradation, raising urgent concerns about how energy consumption, gold prices, and fossil fuel prices contribute to this growing issue. This study aims to evaluate the asymmetric relationships between these factors and environmental degradation across 10 NICs, including Brazil, India, South Korea, Mexico, Indonesia, Turkey, Thailand, South Africa, Malaysia, and the Philippines, from 1995 to 2023. Using the CS-ARDL model, our study demonstrates that while energy costs and renewable energy consumption reduce environmental degradation, gold prices and fossil fuel consumption significantly increase ecological harm. Additionally, the study employs FGLS, CS-DL, AMG, and Driscoll-Kray to verify the robustness of these findings. Notably, the Environmental Kuznets Curve (EKC) hypothesis holds true in these economies. Key results show that a 1 % increase in renewable energy use decreases emissions by 0.7 %, while a 1 % rise in gold prices correlates with a 0.5 % increase in pollution levels. These findings underscore the need for NICs to implement green investments, promote renewable energy, and initiate structural reforms to ensure sustainable development.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101575"},"PeriodicalIF":7.9,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142571735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Nieves Casas Ferrús , Oliver Ruhnau , Reinhard Madlener
{"title":"Portfolio effects in green hydrogen production under temporal matching requirements","authors":"M. Nieves Casas Ferrús , Oliver Ruhnau , Reinhard Madlener","doi":"10.1016/j.esr.2024.101580","DOIUrl":"10.1016/j.esr.2024.101580","url":null,"abstract":"<div><div>This article investigates temporal matching requirements between electrolytic hydrogen production and dedicated renewable electricity generation for the hydrogen to qualify as “green”. In contrast to previous studies, which found that a more granular matching increases production costs, we study cost advantages for hourly matching through technological and spatial diversification. To this end, we develop and apply a linear cost-optimization model to quantify the resulting portfolio effects. We identify two types of portfolio effects, “technological” and “locational” ones, and quantify these for different portfolio sizes and types of power generation technologies in Germany. Portfolio effects turn out to be in the range of 3–8% when aggregating two locations, and up to 21 % for a nation-wide portfolio. Finally, we discuss the implications of our findings in terms of discrimination against small players and for the modeling of temporal matching requirements.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101580"},"PeriodicalIF":7.9,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142587215","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ahmed BenSaïda , Gazi Salah Uddin , Muhammad Yahya
{"title":"Spillovers between oil and the GCC stock markets: Fresh evidence from a regime-switching approach","authors":"Ahmed BenSaïda , Gazi Salah Uddin , Muhammad Yahya","doi":"10.1016/j.esr.2024.101591","DOIUrl":"10.1016/j.esr.2024.101591","url":null,"abstract":"<div><div>This study examines the connection between crude oil and the Gulf Cooperation Council (GCC) region stock markets by employing a regime-switching approach. The methodology provides new insights on how the linkage between oil and GCC stock markets may fluctuate in different economic or market regimes, which is crucial for understanding the transmission of oil shocks and tailoring policy responses. The findings indicate that the spillovers between the underlying assets are asymmetric. Specifically, during the turmoil periods, the connectedness is intense among these assets, whereas during tranquil periods, the linkage is moderate. The intense spillovers regime is short-lived, which corroborates the existing literature of a relatively stable oil market. Furthermore, an increase in oil prices can positively contribute to the profits of firms that are heavily dependent on oil, leading to an increase in the linkage between these countries and crude oil. Results have crucial suggestions for investors and decision-makers in the GCC region.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101591"},"PeriodicalIF":7.9,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142655484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Have configuration effects driven the coordinated enhancement of green energy system development in China and “Belt and Road” countries?–A qualitative comparative analysis based on panel data","authors":"Cui Linyu, Wang Bangjun, Wang Yue","doi":"10.1016/j.esr.2024.101570","DOIUrl":"10.1016/j.esr.2024.101570","url":null,"abstract":"<div><div>Based on system theory and the configuration perspective, this study uses the panel data-based qualitative comparison (PD-QCA) method in R and the panel data of the energy systems of China and the ‘Belt and Road’ countries from 1998 to 2020 to analyze the driving factors that affect the green development of energy systems in various countries and the configuration effect on the vertical axis of time and its synergistic promotion path. The research results show that: (1) the driving factors for the green development of the energy systems in various countries are characterized by multiple synergies and the same goals. Factors such as the energy supply side, demand side and basic development level cannot be the necessary conditions for the green development of the energy structure alone, and it is necessary to give full play to the synergy among various factors; (2) in the sufficiency analysis, seven configuration paths are found for collaboratively driving the green development of the energy system, which can be further refined into energy supply-driven, supply-demand-driven, demand-technology-driven and supply-demand-technology-driven paths; (3) capital input, the labour supply level, government support, technological innovation and the environmental regulation level constitute the core driving factors of the green development of energy systems, and there is a potential substitution relationship between capital input and environmental regulation levels.;(4) In the temporal dimension, the Chow breakpoint test verified that the countries along the “Belt and Road Initiative” had a sense of green development to energy after 2013; in the spatial dimension, the implementation effects of each collaborative path showed obvious regional applicability differences.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101570"},"PeriodicalIF":7.9,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142553013","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Modern methodological approaches for evaluating energy efficiency and environmental pollution: Emerging trends and technological innovation perspectives","authors":"Yiying Cao , Fouad Jamaani , Bo Qin","doi":"10.1016/j.esr.2024.101557","DOIUrl":"10.1016/j.esr.2024.101557","url":null,"abstract":"<div><div>This study analyzes the causal link between technological advancement, environmental degradation, energy usage, and sustainable economic development in China. The paper looks at the extent to which expansion in energy and carbon dioxide emissions can be explained using the Environmental Kuznets Curve model. Only the annual data from the WDI is considered; therefore, only the data range from 1990 to 2019 is used. This work also uses the FMOLS technique to establish the nature of the long-run causal relationship between the variables used in the analysis and establish that environmental quality has worsened in China during the period considered. The result shows that renewable and non-renewable energy sources, along with technological advancement, have a significantly positive impact on CO<sub>2</sub> emissions, suggesting that they are detrimental to the environment. Nevertheless, the results confirm the EKC hypothesis since the coefficient estimates for GDP growth are positive, whereas those for the square of this variable are negative. The results also highlight the existence of a unidirectional causality between the Chinese GDP and carbon emissions while reporting on a bi-directional causality between economic growth and energy consumption. This research explores the impact of technological changes and energy consumption on environmental pollution in China, examining the issue left unexplored in understanding the effects of technological change and energy usage on sustainable economic growth. Although many prior studies have focused on the EKC model, very little research has specifically explored the effects of both renewable and non-renewable energy sources on China's environmental quality. This paper is, therefore, a direct attempt at filling this gap by identifying the causal effect of these factors over the 1990–2019 period.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101557"},"PeriodicalIF":7.9,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142707156","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Environmental regulation, energy poverty and social welfare: Based on China's provincial panel data","authors":"Jian Tang , Xiaoyue Huang , Hsing Hung Chen , Wangbo Gao , Xia Liu","doi":"10.1016/j.esr.2024.101592","DOIUrl":"10.1016/j.esr.2024.101592","url":null,"abstract":"<div><div>Alleviating energy poverty, improving the ecological environment, and promoting social welfare have become important issues in society. By taking panel data from 30 provinces in China from 2003 to 2020 as the research object, fixed effects models and system-GMM models are adopted, and the impacts of environmental regulations on social welfare and the moderating effect of energy poverty are studied in this paper. The results show that enhanced environmental regulation has a significant negative impact on social welfare, while flexible environmental regulation has the opposite, especially in energy poverty regions. Moreover, energy poverty has a significant negative impact on social welfare, and energy poverty reduces the consumption capacity of clean energy, which may pollute the environment and damage health, thus reducing social welfare. Additionally, the energy poverty has significant positive moderating effect, that is, energy poverty aggravates the inhibitory effect of enhanced environmental regulation on social welfare, and promotes the impact of flexible environmental regulation on social welfare. Finally, energy poverty varies significantly in different regions, and the energy poverty lines in the eastern, central and western regions, as well as the national are 503.381, 442.758, 359.461 and 444.546, respectively.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101592"},"PeriodicalIF":7.9,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142707154","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Xianmeng Zhang , Dan Feng , Jingchun Wang , Anna Sui
{"title":"Integrating renewable energy systems: Assessing financial innovation, renewable energy generation intensity, energy transition and environmental regulation with renewable energy sources","authors":"Xianmeng Zhang , Dan Feng , Jingchun Wang , Anna Sui","doi":"10.1016/j.esr.2024.101567","DOIUrl":"10.1016/j.esr.2024.101567","url":null,"abstract":"<div><div>The objective of the research is to determine the integration of renewable energy systems with the role of financial innovation, renewable energy intensity, energy transition and environmental regulation in China. To estimate the findings, the study has collected the empirical data from 1990 to 2021. The study uses correlation analysis, slope endogeneity analysis, cross-sectional dependency, unit root analysis, Westerlund co-integration analysis, methods of moments quantile regression, long-run estimation analysis, 2SLS analysis and sensitivity analysis. The findings reveal that the energy transition from fossil fuels and renewable energy enhances the integration of renewable energy systems in China, and it significantly depends upon regulatory compliance. Endorsing it, the study suggests prudent and collaborative policy recommendations for compatibility with financial industry collaboration for renewable energy strategy to achieve net zero. The study extends the implications for practitioners that were aligning renewable energy systems with financial innovation, and regulatory compliance is crucial to ensure renewable energy transition, energy generation optimization, and climate goals for zero carbon. The novelty of the research is presented in a comprehensive analysis of inquiry, offering detailed insights and actionable ways forward for policymakers and industry experts.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101567"},"PeriodicalIF":7.9,"publicationDate":"2024-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142534150","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Integrated energy services in parks: Analyzing stakeholder dynamics and innovation under the REITs model through 23 policy documents","authors":"Chunhong Xiao , Can Zhang","doi":"10.1016/j.esr.2024.101574","DOIUrl":"10.1016/j.esr.2024.101574","url":null,"abstract":"<div><div>Industrial parks are significant consumers of energy, contributing to global carbon emissions and intensifying the need for strategic interventions to meet carbon reduction and energy efficiency goals. In China, the Real Estate Investment Trusts (REITs) model has been adopted to advance the development of Integrated Energy Services (IESs) within these parks. This paper analyzes 23 Chinese government policy documents to explore the key stakeholders in park-based IESs, particularly the central role of energy companies in shaping collective decision-making processes. The study highlights how business models, including financial investment, offline and digital services, and innovative practices, have evolved under the REITs framework to drive the development of IESs and foster collaboration among stakeholders.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101574"},"PeriodicalIF":7.9,"publicationDate":"2024-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142534149","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ethical considerations in advanced metering infrastructure integration: A systematic review","authors":"Xiao-Yu Zhang , Peiqian Guo , Stefanie Kuenzel , Congqi Yin","doi":"10.1016/j.esr.2024.101571","DOIUrl":"10.1016/j.esr.2024.101571","url":null,"abstract":"<div><div>The integration of Advanced Metering Infrastructure (AMI) within energy utility systems promises significant improvements in efficiency, service delivery, and sustainability. However, this integration introduces complex ethical and privacy challenges that necessitate thorough examination. This review systematically explores these challenges, employing a comprehensive literature search across multiple databases, including Web of Science and Scopus. Key inclusion and exclusion criteria were applied to select relevant studies. This review provides a detailed overview of privacy concerns, data security issues, social acceptance, equity considerations, and regulatory frameworks. This review highlights the need for advanced privacy-preserving techniques, robust Privacy by Design (PbD) strategies, and adaptive regulatory frameworks to address these challenges. Additionally, the importance of interdisciplinary collaboration and the impact on vulnerable populations are emphasized. Our findings aim to guide future research, policy development, and stakeholder decision-making, ensuring the responsible and equitable deployment of AMI technologies.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101571"},"PeriodicalIF":7.9,"publicationDate":"2024-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142534152","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Regional variations in energy efficiency: Modifying China's industrial approaches to meet sustainability goals","authors":"Huan Qi","doi":"10.1016/j.esr.2024.101559","DOIUrl":"10.1016/j.esr.2024.101559","url":null,"abstract":"<div><div>China has devoted much attention to the “carbon peaking” and “carbon neutrality” objectives, the related research focuses on renewable energy, carbon removal, electrification, and hydrogen technologies. Yet, energy efficiency, especially in resource-based and older industrial cities continue to be a research gap in this regard. This study fills this research gap by assessing the role of China's national Industrial Transformation and Upgrade Demonstration Zones (ITUDZ) in energy conservation from 2010 to 2021. In this paper, applying the time-varying Difference-in-Differences (DID) method, we confirm that ITUDZ effectively decreases the energy utilization of these cities. These tests are reliable based on the results obtained above. Mechanism assessments show that the ITUDZ does so through enhancing green innovation and adjusting industrial patterns and that marketization enhances the energy-saving impacts. Geographical heteroscedasticity tests also show that the effects are significant for multi-urban areas and eastern China but weaker for central-western and single-urban city areas. Therefore, this study serves to add to the existing knowledge regarding place-based industrial policies and their contribution towards the realization of China's sustainable development agenda.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"56 ","pages":"Article 101559"},"PeriodicalIF":7.9,"publicationDate":"2024-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142534148","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}