Hafiz M. Sohail , Mirzat Ullah , Muhammad Shahzad Nazir , Canqing Tang
{"title":"Harmonizing sustainable Horizons: Deciphering the intricate nexus between disaggregated financial inclusion and clean energy transition in BRICS economies","authors":"Hafiz M. Sohail , Mirzat Ullah , Muhammad Shahzad Nazir , Canqing Tang","doi":"10.1016/j.esr.2024.101531","DOIUrl":"10.1016/j.esr.2024.101531","url":null,"abstract":"<div><div>This study emphasizes the acceleration of clean energy (CE) adoption through financial inclusion (FI), particularly in the context of the rapid expansion of the BRICS economic cooperation alliance and its contribution to addressing environmental challenges. Specifically, this research assesses the impact of FI on the upward mobility of clean energy transition using annual panel data from 2004 to 2022. Utilizing a comprehensive set of pre-estimation techniques, this study employs the newly established Panel non-linear Autoregressive Distributed Lag (P-NARDL) model for empirical analysis, supplemented by robust estimation methods. The findings reveal that various dimensions of FI, including financial accessibility, financial depth, financial efficiency, and financial stability, significantly influence the progression from nonrenewable energy sources to clean energy consumption. This study extends the examination to assess both the aggregate and disaggregated relationships among the variables. Using causality estimation, it identifies the presence of both bidirectional and unidirectional causality between the FI indices and CE. These findings offer practical policy implications for developing financial resources to accelerate the adoption of CE, thereby addressing the environmental challenges faced by the BRICS economies.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101531"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2211467X24002402/pdfft?md5=de656c95d8b365827dd6889de9dbb82c&pid=1-s2.0-S2211467X24002402-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142312799","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":"Integration of distributed PV into smart grids: A comprehensive analysis for Germany","authors":"Shuo Chen, Gerd Heilscher","doi":"10.1016/j.esr.2024.101525","DOIUrl":"10.1016/j.esr.2024.101525","url":null,"abstract":"<div><p>Modern smart grids typically combine physical and communication networks for efficient information exchange and innovative applications. Aligned with digitalization and advancements in smart grids, the integration of photovoltaic (PV) systems comprises a variety of regulatory and technological aspects. However, no previous study has conducted an extensive and systematic analysis of the PV-grid integration framework, particularly for one country. To fill this gap, this paper uses Germany as an example to present a comprehensive, state-of-the-art analysis of integrating distributed PV systems into smart grids, focusing on the regulation and technical implementation of the German Smart Meter Infrastructure and PV control interfaces. Starting from a standardization perspective, this analysis utilizes the Smart Grid Architecture Model to identify crucial roles, components and processes specifically in Germany. Furthermore, it outlines the current implementation of PV integration into distribution networks at a national level. The results of this study show the overall complexity of PV integration in the smart grid context, confirm the feasibility of the German integration approach, and highlight the necessity of deploying standardized information models and communication technologies. These key findings can help market participants with different roles to identify potential technical bottlenecks or other critical points in the regulation and technical implementation. For instance, the proposed in-depth analysis framework provides an orientation for characterizing the PV integration or, more generally, the grid integration scenario of renewables in other countries.</p></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101525"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2211467X24002347/pdfft?md5=0da99750baac5de7f34be09684d98d15&pid=1-s2.0-S2211467X24002347-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142242426","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}
Aidin Shaghaghi, Mohammad Taghitahooneh, Mohammad Yahyaeifar, Reza Dashti
{"title":"Management of aging assets in power distribution systems: A comprehensive review","authors":"Aidin Shaghaghi, Mohammad Taghitahooneh, Mohammad Yahyaeifar, Reza Dashti","doi":"10.1016/j.esr.2024.101529","DOIUrl":"10.1016/j.esr.2024.101529","url":null,"abstract":"<div><p>This article provides a comprehensive framework for the studies of aged assets. All the studies conducted until the end of 2023 in managing aged assets have been summarized and categorized in the framework and model proposed in this article. The proposed comprehensive framework model shows research gaps and a road map can be developed. Aging asset management studies are categorized into aging detection, utilization of aging assets, resilience of asset life, outages caused by aging assets, and operator. This way, we can focus on the methods and applied studies subjects in each sub-section separately. The collection of studies and articles in this paper has been conducted using the Scopus database, and at the end, bibliometric maps are provided.</p></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101529"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2211467X24002384/pdfft?md5=21f4e03ad597ef7211bc315e7bf4e27a&pid=1-s2.0-S2211467X24002384-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142242427","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":"Algeria's pathway to COP28 and SDGs: Asymmetric impact of environmental technology, energy productivity, and material resource efficiency on environmental sustainability","authors":"Brahim Bergougui","doi":"10.1016/j.esr.2024.101541","DOIUrl":"10.1016/j.esr.2024.101541","url":null,"abstract":"<div><div>This study examines the asymmetric effects of material resource efficiency (MRE), energy productivity (EP), and environmental technology (ENT) on environmental sustainability (ES) in Algeria from 1990/Q1 to 2022/Q4. Using a nonlinear autoregressive distributed lag model (NARDL), we find that both positive and negative shocks to both MRE and ENT contribute to ES, highlighting their effectiveness. Interestingly, positive EP shocks have a stronger mitigating effect compared to negative shocks. This suggests a magnified benefit during periods of efficiency gains. Additionally, asymmetric causality analysis verifies a causal link between MRE, EP, ENT, and ES. Given these results, it is recommended that Algerian policymakers should prioritize investments in MRE and ENT while emphasizing policies that enhance EP due to its magnified benefit on ES. Asymmetric policy responses for green practices alongside alignment with SDGs 7, 8, 12 and COP-28 objectives will optimize Algeria's ES.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101541"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2211467X24002505/pdfft?md5=cbe373023e955b5c82223064fdbf75a9&pid=1-s2.0-S2211467X24002505-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142312800","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":"Assessing the impact of cleaner bonds on clean energy expenditure for sustainable economic recovery: A fuzzy analytical approach","authors":"Dan Wang , Tianqi Xiong , Muhammad Mohsin","doi":"10.1016/j.esr.2024.101547","DOIUrl":"10.1016/j.esr.2024.101547","url":null,"abstract":"<div><div>This research evaluates the impact of investing in cleaner bonds on funding clean energy initiatives, pivotal for sustainable economic recovery. The study seeks to assess the efficacy of cleaner bonds in fostering environmentally friendly projects and propelling economic growth and applies fuzzy analytical hierarchy process to examine the findings. Findings suggest that cleaner bonds potentially increase clean energy expenditures by an average growth rate of 4.9 % per year, significantly enhancing economic resilience. Additionally, these bonds are shown to accelerate the revitalization of green economies by approximately 17 % annually. The research underscores the role of energy performance contracts as viable alternatives to conventional project financing, through the application of various modelling tools and fuzzy analyses. It also discusses the strategic allocation of public and private funds into cleaner bond investments to accelrate economic sustainability and energy conservation. This study highlights the essential nature of cleaner bonds for entities and environmental groups aiming to secure funding for long-term projects, stressing the importance of expanding the sustainable economy through green bond issuances for eco-friendly and energy-efficient developments. Furthermore, the research recommends implications for stakeholders to diligently consider the legal aspects associated with these investments.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101547"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419851","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":"Corrigendum to ‘China's green energy growth: Economic policies, environmental economics, and strategies for resilience in the global economy’ [Energy Strategy Rev. 54, July 2024, 101475]","authors":"Pengfei Qin , Jinli Wang , Aiping Xu , Shahid Hussain","doi":"10.1016/j.esr.2024.101498","DOIUrl":"10.1016/j.esr.2024.101498","url":null,"abstract":"","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101498"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419855","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":"Gaps between costs and potentials estimated by bottom-up assessments versus integrated assessment models","authors":"Keigo Akimoto, Miyuki Nagashima, Fuminori Sano, Teruhisa Ando","doi":"10.1016/j.esr.2024.101521","DOIUrl":"10.1016/j.esr.2024.101521","url":null,"abstract":"<div><p>There are large gaps between the costs and potentials of emissions reductions estimated by technology bottom-up assessments and those estimated by integrated assessment models (IAMs). This study estimates the costs and potentials by sector and technologies in 2030 and 2050 using a technology-rich IAM. The estimated costs and potentials are largely consistent with the medium range of the IAM assessments of the sixth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC). However, larger emission reduction potentials are estimated through the technology bottom-up assessments in the IPCC report. The gaps, approximately 6–17 GtCO<sub>2</sub>/yr in 2030 under carbon prices of 100 USD/tCO<sub>2</sub>, arise mainly from differences in the treatment of several hidden costs, and costs for variable renewable energy, such as solar photovoltaic and wind power, arise from considerations of grid integration costs. To recognize the gaps and implement better policies to achieve deep emissions reductions, it is necessary to understand the hidden costs and systems costs, including the grid integration costs, and to consider opportunities for limiting the costs.</p></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101521"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2211467X2400230X/pdfft?md5=f83bac2c04cefcfe4a92be81a165d280&pid=1-s2.0-S2211467X2400230X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142148815","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}
Nathan Johnson , Alistair McGirr , Luke Hatton , Olusola Bamisile , Alanna Rose Rooney , Iain Staffell
{"title":"Evaluating clean electricity transition progress across UK political pledges and G7 countries","authors":"Nathan Johnson , Alistair McGirr , Luke Hatton , Olusola Bamisile , Alanna Rose Rooney , Iain Staffell","doi":"10.1016/j.esr.2024.101510","DOIUrl":"10.1016/j.esr.2024.101510","url":null,"abstract":"<div><p>The transition towards clean electricity is central to global decarbonisation. Countless metrics are used to assess national electricity transition efforts, which hinders understanding and comparison between nations or political party pledges. This study instead proposes three simple metrics: clean generation share, gross, and net carbon emissions intensity. It uses them to provide the first evaluation of the 2024 Clean Energy Mission (CEM) proposed by the UK's newly-elected Labour Government, which has strengthened ambition for wind and solar power capacity. We compare the CEM to previous political pledges, finding it could reduce national electricity generation emissions by 17 MtCO<sub>2</sub> in 2030, equivalent to a two percentage point increase in the UK's 2030 Nationally Determined Contribution (NDC). We also use these metrics to compare past efforts and future pledges across the G7 countries, finding that the CEM progresses the UK from having the lowest share of clean electricity in 2010 to the highest by 2030. The UK must increase its pace of clean electricity uptake and decarbonisation by a factor of 1.5–2 to meet its 2030 targets; compared to a factor 4–6 acceleration required by Germany and the US. The paper provides an innovative, simple and replicable framework for assessing the impact of political pledges or national targets for the power sector, and for comparing efforts to decarbonise electricity between countries and over time.</p></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101510"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2211467X24002190/pdfft?md5=a14e48d8e9c448ed879a0049e0a26735&pid=1-s2.0-S2211467X24002190-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142096683","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":"Green siphon or green spillover: Analyzing the spatial implications of industrial relocation on green development","authors":"Yi Ren, Kang Liu","doi":"10.1016/j.esr.2024.101536","DOIUrl":"10.1016/j.esr.2024.101536","url":null,"abstract":"<div><div>Industry relocation has a profound impact on the green development of recipient cities and their neighboring areas, driven by various factors such as investment and technological progress. This study investigates the impact of industrial relocation on the green development efficiency (GDE) of recipient cities and its spatial spillover effect using national city-level data and the establishment of national-level Industrial Relocation Demonstration Zones (IRDZ) as a policy shock, employing spatial difference-in-differences models. Both theoretical analysis and empirical tests show that industrial outflow increases the GDE of recipient cities, but reducing the GDE of neighboring cities. This effect decays with spatial distance and only affects non-resource cities. In addition, regional integration and the influence of large cities can significantly mitigate the adverse effects of industrial relocation. Industrial agglomeration, environmental regulation, green innovation, and energy intensity are the main direct and indirect pathways through which industrial relocation affects GDE in recipient and neighboring cities. The findings of this study are significant for promoting industrial relocation, energy conservation, and emission reduction in developing regions, as well as enhancing green cooperation among governments.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101536"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142322885","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":"Evaluating the feasibility and economics of hydrogen storage in large-scale renewable deployment for decarbonization","authors":"Yuan-Shin Fu , I-Yun Lisa Hsieh","doi":"10.1016/j.esr.2024.101545","DOIUrl":"10.1016/j.esr.2024.101545","url":null,"abstract":"<div><div>Renewable energy (RE) is pivotal for achieving a net-zero future, with energy storage systems essential for maximizing its utility. This study introduces a modeling framework that simulates large-scale RE deployment in Taiwan, emphasizing hydrogen as a primary storage medium. Utilizing hourly time steps, the model assesses various energy generation and storage configurations to demonstrate the technical feasibility of meeting Taiwan's 2050 net-zero target, which calls for a 60 % RE share primarily through solar and wind resources. However, achieving this target and the ambitious goal of 100 % RE penetration requires substantial enhancements in both generation capacity and storage solutions. The research evaluates the economic impacts by analyzing the levelized cost of energy (LCOE), revealing that optimal configurations, such as a wind capacity of 30 GW with a 5 % minimum capacity factor constraint on electrolyzers, significantly reduce LCOE to $0.176/kWh, underscoring the cost-effectiveness of hydrogen storage compared to battery alternatives in large-scale settings. The study underscores the necessity for ongoing investigations into replacing thermal power plants and maintaining grid stability amidst high RE penetration. To fully harness Taiwan's RE potential and contribute to global sustainability, effective deployment of hydrogen storage will require robust stakeholder support, continual technological advancements, and enabling policies. This framework, while tailored to Taiwan's power system, offers insights applicable to various global contexts.</div></div>","PeriodicalId":11546,"journal":{"name":"Energy Strategy Reviews","volume":"55 ","pages":"Article 101545"},"PeriodicalIF":7.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2211467X24002542/pdfft?md5=d78fa2737dc33f917253fb9b5c8da468&pid=1-s2.0-S2211467X24002542-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142315896","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}