Energy Economics最新文献

{"title":"Research on the diffusion of electric vehicles based on dynamic games under the influence of environmental regulations","authors":"Yu’e Wu ,&nbsp;Anran Yin ,&nbsp;Yan Zheng ,&nbsp;Xinyu Wang ,&nbsp;Shuhua Zhang","doi":"10.1016/j.eneco.2025.108502","DOIUrl":"10.1016/j.eneco.2025.108502","url":null,"abstract":"<div><div>Environmental regulation policies and market demand are important factors driving the proliferation of electric vehicles. By introducing prospect theory, this study constructs the production decision model of automobile manufacturers based on evolutionary game and networked evolutionary game from both micro and macro perspectives. The results of theoretical and numerical simulation analysis show that: (1) increasing subsidies, carbon taxes, and market demand for electric vehicles are all conducive to the evolution of ‘ideal state’ of making all manufacturers produce electric vehicles; (2) when the mixed environmental regulation is adopted, the diffusion rate of electric vehicles is more obvious. Only when the carbon tax reaches a certain threshold, it can achieve full diffusion; (3) increasing the demand for electric vehicles can significantly promote the diffusion of electric vehicle production strategies among manufacturers.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108502"},"PeriodicalIF":13.6,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143878695","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}

{"title":"Porter Hypothesis vs. Pollution Haven Hypothesis: Can an environmental policy generate a win–win solution?","authors":"F.J. André ,&nbsp;C. Ranocchia ,&nbsp;S.J. Rubio","doi":"10.1016/j.eneco.2025.108477","DOIUrl":"10.1016/j.eneco.2025.108477","url":null,"abstract":"<div><div>This paper investigates the effects of environmental policy on firms’ location and green innovation for a two-country, two-firm model. To address this issue, a two-stage game is solved. At the first stage, firms can choose between three actions: to stay in the home country and invest in a green technology; to stay in the home country and produce with the business-as-usual technology; or to move to a pollution haven. At the second stage, the firms compete in quantities while serving the demand in the home country. Despite the model is symmetric, our findings indicate that all market configurations – both symmetric and asymmetric – can be a subgame perfect Nash equilibrium of the game. This includes a “win–win” solution where both firms choose to stay in the home country and invest in green technology confirming the “weak” version of the Porter Hypothesis. Remarkably, this outcome can occur even in seemingly adverse conditions with relatively low setup costs of relocating to a pollution haven. The model predicts that a stricter environmental policy plays in favor of the Porter Hypothesis because the “win–win” solution becomes more likely to arise as an equilibrium of the game. Our analysis examines two policy scenarios – an emission tax and an emission standard – finding that the emission tax can induce firms to stay and invest in green technology under circumstances for which the standard cannot, confirming in this way the “narrow” version of the Porter Hypothesis.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108477"},"PeriodicalIF":13.6,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143878696","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}

{"title":"The impact of financial stress, governance, and geopolitics on Europe's energy transition mineral trade","authors":"Oleg Mariev ,&nbsp;Md. Monirul Islam","doi":"10.1016/j.eneco.2025.108523","DOIUrl":"10.1016/j.eneco.2025.108523","url":null,"abstract":"<div><div>This study investigates how intra- and extra-territorial imports of energy transition minerals (ETMs) by the 27 Member States of the European Union respond to its energy transition parameters amidst the interplay of financial stress, mineral prices, electoral and political governance, and geopolitical turmoil. It utilizes monthly data from January 2004 to December 2023, also subdivided into two distinct periods covering the pre-Russia-Ukraine crisis period (January 2004–December 2021) and the Russia-Ukraine crisis period (January 2022–December 2023). The study applies the partial cross-quantilogram and wavelet local multiple correlation methods to manage heavy-tailed data characteristics. The findings indicate that Europe's ETM imports rise in line with the transition to clean energy despite volatility shocks from mineral prices and geopolitical events across all three periods. The combined effect of financial stress and ETM prices negatively affects Europe's mineral imports in bull markets, particularly due to volatility shocks during the Russia-Ukraine crisis period. In contrast, the interaction between electoral and political governance and geopolitics positively influences mineral imports, again except during the Russia-Ukraine crisis period. This study contributes to disentangling the transmission and volatility effects of pricing and geopolitical risk issues within the modeling framework. Finally, this research emphasizes the need for strategic resource management, risk mitigation, and improved governance to support Europe's mineral trade-driven energy transition.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108523"},"PeriodicalIF":13.6,"publicationDate":"2025-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143878693","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}

{"title":"From bytes to sustainability: Leveraging supply chain digitization for enhancing energy resilience","authors":"Shah Fahad ,&nbsp;Fang Su ,&nbsp;Abdelmohsen A. Nassani ,&nbsp;Noman Arshed","doi":"10.1016/j.eneco.2025.108514","DOIUrl":"10.1016/j.eneco.2025.108514","url":null,"abstract":"<div><div>The escalating global energy demand, coupled with the urgency of climate change, underscores the necessity for innovative approaches to achieve energy resilience and security. This study critically examines the interrelationship between global supply chain breadth, digital transformation, and energy resilience, addressing the key themes of this special issue across different aspects of energy security. This study used robust static panel data models for the assessment. Utilizing unbalanced data of 87 countries in 5 models and 95 countries in 6th model (2008–2022), the analysis results reveal a non-linear relationship between supply chain breadth and the five dimensions of energy security: availability, accessibility, affordability, acceptability, and developability while digitization had shown the moderating effect. The findings suggest that while the initial expansion of global supply chains may heighten vulnerabilities due to complexity and interdependence, long-term development fosters energy security through diversification and operational flexibility. Digital transformation is identified as a crucial moderator, stabilizing this dynamic by optimizing energy flow, reducing inefficiencies, and enabling an effective transition to renewable energy systems. Technologies such as blockchain and IoT enhance monitoring and management capabilities, mitigating disruptions and supporting sustainable energy governance. This study's findings provide actionable insights into how digitization strategies can be leveraged to align supply chain management with energy resilience objectives. By integrating supply chain theory with energy economics, this research offers a unique contribution to understanding the transformative potential of digital tools in mitigating energy risks while addressing broader sustainability goals. The policy implications emphasize the importance of digital infrastructure investment and cross-sector collaboration to design robust energy security strategies. This research study advances the discourse on supply chain digitization within the context of energy resilience, providing novel insights for policymakers, energy economists, and stakeholders aiming to navigate the challenges of a rapidly evolving energy landscape.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108514"},"PeriodicalIF":13.6,"publicationDate":"2025-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143873004","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}

{"title":"Do extreme temperatures exacerbate residential energy expenses burden in China?","authors":"Kai Wei ,&nbsp;Boqiang Lin","doi":"10.1016/j.eneco.2025.108518","DOIUrl":"10.1016/j.eneco.2025.108518","url":null,"abstract":"<div><div>Extreme weather outcomes induced by climate change have been academically confirmed, but the substantial impact on residents is less paid attention to, especially from the aspects of energy expenses burden. Based on multi-annual survey data, we identify how the temperature changes affect Chinese household energy expenditure burden. After the fixed-effects panel model estimating, some unique findings are obtained: (1) The rising frequency of extreme temperatures significantly augment the electricity and energy expenditure burden for Chinese households. With the annual rise in the number of extreme temperature days, the demand for both heating and cooling among residents correspondingly escalates. (2) The impact of temperature extremes across different regions and socio-economic groups are heterogeneous, with rural, northern and low-income households experiencing higher influence of temperature extremes on energy expenses burden. (3) The influence of extreme temperatures is asymmetric. Extreme high temperatures have a stronger impact on energy burden compared to extreme low temperatures. The compounded effects of numerous extreme temperature days and heavy energy expenditure burden significantly magnify the impacts of weather on households. According to these conclusions, policy suggestions are proposed to mitigate household energy expenses burden.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108518"},"PeriodicalIF":13.6,"publicationDate":"2025-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143869223","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}

{"title":"The credibility of environmental policy stringency: Implications for sustainability in OECD Countries","authors":"Miaomiao Tao ,&nbsp;Aviral Kumar Tiwari ,&nbsp;Stephen Poletti ,&nbsp;David Roubaud ,&nbsp;Emilson Silva","doi":"10.1016/j.eneco.2025.108492","DOIUrl":"10.1016/j.eneco.2025.108492","url":null,"abstract":"<div><div>This study investigates the evolving interplay between environmental governance and sustainability outcomes, employing dose-response analysis to underscore the necessity of accounting for these interdependencies in formulating climate and emissions policies. Our empirical evidence indicates that regulatory measures are pivotal in advancing sustainability within OECD countries, though their effects differ across various dimensions. Notably, stringent environmental regulations initially exacerbate energy security vulnerabilities in nations below a specific threshold; however, once policy intensity surpasses the threshold, they contribute substantially to mitigating such risks. A comparable pattern emerges for renewable energy adoption, where enhanced policy rigor fosters greater consumption. Paradoxically, tighter regulations induce a marginal uptick in CO₂ emissions. Moreover, insights from a dynamic panel threshold framework reveal that foreign direct investment (FDI) conditions the efficacy of environmental policies. As FDI rises, the beneficial influence of regulatory stringency on energy security and renewable utilization strengthens. Nevertheless, when FDI remains below 2.0, stringent environmental policies tend to elevate CO₂ emissions, whereas, beyond this threshold, the relationship reverses, leading to emission reductions. These findings underscore the intricate, non-linear interactions between environmental policy and sustainability, highlighting the imperative for calibrated policy frameworks that acknowledge threshold effects.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108492"},"PeriodicalIF":13.6,"publicationDate":"2025-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143869222","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}

{"title":"Evaluating Norway’s electric vehicle incentives","authors":"Costanza Cincotta,&nbsp;Øyvind Thomassen","doi":"10.1016/j.eneco.2025.108490","DOIUrl":"10.1016/j.eneco.2025.108490","url":null,"abstract":"<div><div>We use car registration data from 2000 to 2021, as well as price lists and tax rules, to evaluate Norway’s incentives for consumers to choose electric vehicles. These include taxes on fossil fuels, EV exemption from car purchase taxes, and other incentives, like discounts on road tolls. We find that undoing the incentive with the largest effect, the EV exemption from purchase taxes, would reduce the EV market share to 25 percent from the 66 percent observed in 2021, increase CO₂ emissions of new cars sold by 167 percent, reduce their total weight by 22 percent, and reduce the number of new cars sold by 10 percent. Lost tax revenues imply a carbon price of 1700 USD per metric tonne. But taking into account consumer and producer surplus, the tax exemption is welfare enhancing even before putting a value on emissions reductions.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108490"},"PeriodicalIF":13.6,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143858759","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}

{"title":"Assessing energy transition using exponential production technology under different convexity assumptions","authors":"Wenzhuo Zhou ,&nbsp;Zhiyang Shen ,&nbsp;Michael Vardanyan ,&nbsp;Malin Song","doi":"10.1016/j.eneco.2025.108434","DOIUrl":"10.1016/j.eneco.2025.108434","url":null,"abstract":"<div><div>Environmentally sustainable development necessitates striking a balance between reducing carbon emissions and fostering economic growth. Despite their role in shaping both environmental and economic performance outcomes, energy consumption patterns and their impact on sustainable growth have not received the attention they deserve in the performance assessment literature. Approaches used to model production technologies using a network of separate processes often overlook the constraints that must be imposed on energy structure when energy use is treated as a pollution-generating input, potentially leading to biased policy recommendations. This study addresses this gap by extending the so-called by-production technology model (Murty et al., 2012). We define the exponential model of by-production with respect to both convex and non-convex technology and assume identical energy consumption and structure across different processes comprising the by-production model. Our analysis of the performance across a sample of countries between 2000 and 2019 demonstrates that omitting these constraints overestimates inefficiency, or the performance improvement potential. Results suggest that environmental inefficiency generally exceeds economic inefficiency. Moreover, most nations show progressively heavier reliance on carbon-emitting energy sources, suggesting a significant potential for transitioning to cleaner alternatives in the future. Finally, we find that performance trajectories are similar under different convexity assumptions.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108434"},"PeriodicalIF":13.6,"publicationDate":"2025-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143877073","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}

{"title":"How heterogeneity in perceived external benefits differently affects federal and state efforts to address climate change","authors":"Joel R. Landry","doi":"10.1016/j.eneco.2025.108422","DOIUrl":"10.1016/j.eneco.2025.108422","url":null,"abstract":"<div><div>This paper explores how heterogeneity across policymakers and the jurisdictions they represent, such as in their perceived external benefits from reducing greenhouse gas emissions, affects state and federal efforts to address climate change. State governments restrict their emissions anticipating spillback and the impact of their choice on trade flows. Federally, legislators restrict national emissions and distribute green pork to secure key votes. Heterogeneity gives rise to differential distortions across levels of the federation reflecting political failure. As a result, the central state policy undershoots mitigation relative to the conditionally Pareto optimal level using a central estimate of the global social cost of carbon whereas the central federal policy overshoots. Moreover, these policies achieve nearly the same amount of true surplus gains possible, 72.4% and 72.7%, respectively. State policies tend to be less regressive and provide true surplus gains to states that choose not to mitigate, whereas federal policy is likely to deliver losses to no voting districts. Taken together these results indicate that its possible for state policy to yield greater societal welfare than federal policy when policies generate transboundary spillovers and that there exists complex linkages between the relative political failure, emissions, efficiency, and equity impacts of policies selected across levels of the federation as a result of heterogeneity.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108422"},"PeriodicalIF":13.6,"publicationDate":"2025-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143859432","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}

{"title":"Energy regulation and industrial robot adoption: The role of human capital","authors":"Chien-Chiang Lee ,&nbsp;En-Ze Wang","doi":"10.1016/j.eneco.2025.108499","DOIUrl":"10.1016/j.eneco.2025.108499","url":null,"abstract":"<div><div>Energy regulations play a crucial role in enhancing firms' energy efficiency and environmental performance. However, their unintended effects, particularly on the adoption of industrial robots, have received limited attention. This paper leverages the implementation of China's Top 10,000 energy-consuming enterprises (TECE) program as an exogenous shock and employs a difference-in-differences methodology to assess the impact of energy regulations on industrial robot adoption and its potential underlying mechanisms. Additionally, the study examines the moderating role of human capital in shaping this relationship. To this end, we constructed firm-level variables for industrial robot usage and the intensity of energy regulation by integrating multiple micro-level datasets. Our findings indicate that energy regulations significantly reduce the usage of industrial robots. Specifically, the TECE project decreased the probability of regulated firms adopting industrial robots by 0.09 percentage points. Given that only 2.8 % of firms in the sample period used industrial robots, this impact is considerable. The deterioration of financial performance and increased R&amp;D investment induced by energy regulations are likely channels for this effect. Furthermore, the energy regulation's negative impact is more pronounced for firms with higher levels of human capital. This is because such firms are more inclined to increase R&amp;D investment, thereby crowding out investment in industrial robots.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"146 ","pages":"Article 108499"},"PeriodicalIF":13.6,"publicationDate":"2025-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143858842","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}