Energy Economics最新文献

High-speed railway, industrial firm sorting, and electricity demand redistribution

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-21 DOI: 10.1016/j.eneco.2025.108230

Jinfeng Gao, Jianglong Li

引用次数: 0

Conditional threshold effects of stock market volatility on crude oil market volatility

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-21 DOI: 10.1016/j.eneco.2025.108189

Kaiji Motegi, Shigeyuki Hamori

引用次数: 0

The welfare impact of climate action: A distributional analysis for Italy

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-20 DOI: 10.1016/j.eneco.2025.108181

Valeria Costantini, Chiara Martini, Benedetta Mina, Mariangela Zoli

{"title":"The welfare impact of climate action: A distributional analysis for Italy","authors":"Valeria Costantini, Chiara Martini, Benedetta Mina, Mariangela Zoli","doi":"10.1016/j.eneco.2025.108181","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108181","url":null,"abstract":"Achieving the climate targets the European Union sets requires a complex policy mix, which is expected to cause a general increase in end-user prices, especially for carbon-intensive goods. For those countries already affected by large inequalities, this constitutes a risk of further negative impacts in distributional terms. This paper contributes to the debate by assessing the distributional impacts on Italian households of a policy mix coherent with the EU climate targets. The policy instruments considered are the removal of fossil fuels subsidies and carbon taxation. The analysis is carried out by soft-linking a dynamic CGE model with a microsimulation model at the household level. The estimation of a consumer demand system includes direct, indirect, and demand-side effects of the policy scenario. We then complement the analysis on the uses-side by simulating the impacts on the sources-side, computing the burden imposed on households by changes in the returns to production factors. The overall impacts of the climate policy lead to a welfare loss for households at all levels of the expenditure distribution. However, we find that both the uses and sources-side impacts of the policy are progressive, and the sources-side effects strongly reinforce the uses-side ones. Finally, we show that reinvesting revenues in clean energy technologies is key to improving the progressivity of climate policies in Italy.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"35 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143049700","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Public preferences for battery electric vehicle policies considering energy mix: A US choice experiment study

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-19 DOI: 10.1016/j.eneco.2025.108210

Jamal Mamkhezri

{"title":"Public preferences for battery electric vehicle policies considering energy mix: A US choice experiment study","authors":"Jamal Mamkhezri","doi":"10.1016/j.eneco.2025.108210","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108210","url":null,"abstract":"Public acceptance is vital for the widespread adoption of clean energy and battery electric vehicles (BEVs). This study investigates the attitudes of 1500 U.S. residents towards BEVs and the energy sources powering them, using a large national survey dataset. Through an online discrete choice experiment, we assess willingness to pay (WTP) for clean energy as a BEV attribute and explore attitudes towards various BEV policy incentives, job impacts, and electricity cost changes. Using hybrid and non-hybrid mixed logit models in WTP-space, we find that U.S. taxpayers have a positive WTP for increasing BEV adoption in the transportation system, with an average WTP of $1.17 for a 1 % BEV increase. Respondents are also willing to pay $13 per month to replace 15 % of nuclear power in the electric grid with renewable sources like solar, wind, and hydropower. Moreover, they support job creation associated with accelerated vehicle decarbonization and prefer tax credits as incentives over free charging and parking initiatives, showing dissatisfaction with the current transportation plan. Our findings indicate that support for BEVs and clean energy policies varies based on spatial and individual differences. Urban residents, environmentally conscious individuals, males, younger people, those with higher incomes and education levels, and Democratic party affiliates show greater support for BEVs and clean energy policies. Furthermore, clean technology owners are more favorable towards clean transportation policies, and exposure to charging stations enhances support for BEV policies. We conclude that a one-size-fits-all energy policy may not effectively address the diverse preferences of the public. Policymakers should consider tailored approaches that reflect the heterogeneous nature of consumer attitudes towards clean energy and BEVs.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"38 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143049707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Carbon risk and technological mergers and acquisitions(M&A):The perspective of institutional pressures

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-16 DOI: 10.1016/j.eneco.2025.108213

Jinyu Chen, Yirui Fan, Yan Yang, Ying Tang

引用次数: 0

Corrigendum to “Energy policy diversity and green bond issuance around the world” [Energy Economics Volume 128, December 2023, 107116] “全球能源政策多样性与绿色债券发行”的勘误表[能源经济，2023年12月，107116]

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-16 DOI: 10.1016/j.eneco.2025.108206

Charilaos Mertzanis

引用次数: 0

Downcycling in circular production through sustainable insurance under cap-and-trade regulation and carbon tariffs

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-16 DOI: 10.1016/j.eneco.2025.108209

Shi Chen, Mengjie Wang, Fu-Wei Huang, Ching-Hui Chang, Jyh-Jiuan Lin

{"title":"Downcycling in circular production through sustainable insurance under cap-and-trade regulation and carbon tariffs","authors":"Shi Chen, Mengjie Wang, Fu-Wei Huang, Ching-Hui Chang, Jyh-Jiuan Lin","doi":"10.1016/j.eneco.2025.108209","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108209","url":null,"abstract":"This paper presents a contingent claim option model to explore downcycling in circular production under cap-and-trade regulations and carbon tariffs, within the context of sustainable insurance. By applying a capped call option, the model shows how a life insurer finances a manufacturer producing steel, slag, and pollutants, while explicitly assessing the manufacturer's risk under related climate policy regulations. The manufacturer under cap-and-trade regulations employs carbon capture, utilization, and storage (CCUS) to support downcycling in slag production while exporting steel and slag, subject to carbon and product tariffs. The findings reveal that increased downcycling enhances the manufacturer's equity but reduces economies of scope. On the other hand, higher carbon emissions lower both equity and economies of scope. A stricter cap in the cap-and-trade system improves equity and strengthens policyholder protection, while increased carbon and product tariffs negatively affect both. Thus, downcycling with CCUS and lower emissions is favorable for the manufacturer's equity. A stricter cap supports efforts to achieve SDG 7 (Affordable and Clean Energy), but carbon and product tariffs do not. For the insurer, a more stringent cap encourages sustainable insurance aligned with SDG 3 (Good Health and Well-Being), though higher tariffs diminish policyholder protection.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"85 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143049698","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

From carbon policy to consumer prices: The economic impact of carbon caps in the Euro Area

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-14 DOI: 10.1016/j.eneco.2024.108175

Hugo Morão

引用次数: 0

Research on the optimal incentive and constraint mechanisms for corporate carbon information disclosure considering different market contexts: A network-based evolutionary game analysis 不同市场环境下企业碳信息披露的最优激励约束机制研究——基于网络的演化博弈分析

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-13 DOI: 10.1016/j.eneco.2025.108207

Chaoping Zhu, Yixuan Su, Ruguo Fan, Ruiheng Xu, Bing Li

{"title":"Research on the optimal incentive and constraint mechanisms for corporate carbon information disclosure considering different market contexts: A network-based evolutionary game analysis","authors":"Chaoping Zhu, Yixuan Su, Ruguo Fan, Ruiheng Xu, Bing Li","doi":"10.1016/j.eneco.2025.108207","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108207","url":null,"abstract":"Corporate carbon information disclosure (CCID) is essential for facilitating a low-carbon transition in energy-intensive industries and achieving the “dual carbon” goals. However, many enterprises fail to fulfill their CCID obligations. This paper develops a complex network evolutionary game model for examining CCID in diverse market contexts and determining optimal incentive and constraint mechanisms. The findings reveal that: (1) The optimal single tax discount incentive or joint punishment constraint in a perfectly competitive market is lower than that in a monopolistically competitive market. (2) There is no notable discrepancy in the optimal single financial penalty constraints between the two market contexts. (3) The optimal combined incentive and constraint and the evolutionary time of CCID in a perfectly competitive market are less than those in a monopolistically competitive market. (4) Joint punishments reduce the optimal constraint for the complete diffusion of CCID compared to financial penalties, and combined mechanisms shorten the evolutionary time of CCID compared to the single mechanisms. This study not only identifies the optimal incentive and constraint mechanisms for CCID under single and combined scenarios, but also offers practical insights for the formulation of effective strategies to guide CCID in different market contexts.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"7 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142990175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The scheduling role of future pricing information in electricity markets with rising deployments of energy storage: An Australian National Electricity Market case study 随着储能系统部署的增加，未来电价信息在电力市场中的调度作用：澳大利亚国家电力市场案例研究

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-13 DOI: 10.1016/j.eneco.2025.108191

Abhijith Prakash, Anna Bruce, Iain MacGill

引用次数: 0