Energy Economics最新文献_第10页

Optimal energy-saving investments and Jevons Paradox in duopoly markets 双寡头市场中的最优节能投资与杰文斯悖论

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-12 DOI: 10.1016/j.eneco.2025.108544

Kosuke Hirose , Toshihiro Matsumura

{"title":"Optimal energy-saving investments and Jevons Paradox in duopoly markets","authors":"Kosuke Hirose , Toshihiro Matsumura","doi":"10.1016/j.eneco.2025.108544","DOIUrl":"10.1016/j.eneco.2025.108544","url":null,"abstract":"<div><div>This study theoretically investigates energy-saving investment incentives in duopolies. First, we investigate a binary choice model in which each firm chooses whether to make an energy-saving investment and then they face Cournot competition. We focus on the incentive to become the leading firm by the investment, when the rival does not engage in this project. We find the private incentive to be insufficient for welfare (thereby requiring promotion through policies), if Pigouvian tax is imposed. However, this incentive can be excessive when the emission tax rate is lower than the Pigouvian level. Next, we investigate a model in which firms can choose energy-saving investment levels continuously. We find that the equilibrium investment can be (is not) excessive for welfare when the emission tax rate is lower than (equal to) the Pigouvian. These results suggest that policy formation combining a low emission tax and subsidies for promoting energy-saving investments may harm welfare. Moreover, we find that drastic innovation rather than minor improvement of energy efficiency should be subsidized because the former less likely leads to Jevons paradox.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108544"},"PeriodicalIF":13.6,"publicationDate":"2025-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144067286","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

When the intensity of trading meets compliance requirements: An assessment for firms operating within the EU ETS 当交易强度符合合规要求时：对在欧盟排放交易体系内运营的公司的评估

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-12 DOI: 10.1016/j.eneco.2025.108542

Andrea Flori, Francesco Scotti

{"title":"When the intensity of trading meets compliance requirements: An assessment for firms operating within the EU ETS","authors":"Andrea Flori, Francesco Scotti","doi":"10.1016/j.eneco.2025.108542","DOIUrl":"10.1016/j.eneco.2025.108542","url":null,"abstract":"<div><div>We analyze the drivers of the volume of traded allowances and number of transactions carried out by firms within the European Union Emissions Trading System to study whether heterogeneous levels of trade participation relate to different carbon abatement performances. We analyze the entire Phases II and III of the program. We show that the difference between acquired and transferred allowances is strongly related to the level of carbon emissions over total assets, suggesting that the net amount of allowances traded by firms is mainly due to compliance surrendering requirements. Such a relationship is stronger when firms are net buyers than net sellers of allowances, possibly implying a violation of the Coase theorem. Furthermore, we investigate the factors influencing the intensity of allowances trading. We find that the number of performed transactions is mainly related to business characteristics relevant to the EU ETS functioning, such as the amount of owned installations or managed voluntary opened accounts. We test several alternative model specifications, including banked allowances and non-linearities, and find supporting evidence of our results.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108542"},"PeriodicalIF":13.6,"publicationDate":"2025-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144067522","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 asymmetric impact of fuel and oil prices on inflation and inflation expectations in emerging economies 新兴经济体中燃料和石油价格对通胀和通胀预期的不对称影响

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-12 DOI: 10.1016/j.eneco.2025.108519

Magdalena Szyszko , Agata Kliber

引用次数: 0

How monetary policy and supply chain shocks impact the consumer energy prices using nonlinear ARDL and wavelet coherence approach 使用非线性ARDL和小波相干性方法，货币政策和供应链冲击如何影响消费者能源价格

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-12 DOI: 10.1016/j.eneco.2025.108598

Zhi Wang, Xingxing Peng

{"title":"How monetary policy and supply chain shocks impact the consumer energy prices using nonlinear ARDL and wavelet coherence approach","authors":"Zhi Wang, Xingxing Peng","doi":"10.1016/j.eneco.2025.108598","DOIUrl":"10.1016/j.eneco.2025.108598","url":null,"abstract":"<div><div>The persistent supply chain bottlenecks and monetary policy substantially influence energy prices; however, these factors affect energy prices asymmetrically. Therefore, this study determines the time varying and asymmetric influence of monetary policy shocks (MPS) and supply chain shocks on energy prices in the US. This study adopts a nonlinear autoregressive distributed lag and wavelet coherence models using the monthly data from 1998 to 2021 in empirical investigation. The long-run findings reveal that a positive shock in supply chain pressure stimulates energy prices, while a negative shock in supply chain pressure reduces energy prices. Besides, the positive monetary policy shock increases energy prices, and negative shock has insignificant effects on energy prices in the long run. The short-run estimates exhibit that positive supply chain pressure and monetary policy shocks do not impact energy prices. However, negative supply chain shocks (monetary policy shocks) increases (decreases) energy prices in the short run. Moreover, the time-varying wavelet coherence approach affirms a strong coherence between MPS, supply chian pressure, and energy prices, while the impacts differ at variant frequency and time domains. Overall, the asymmetric and time-frequency findings provide valuable policies to the US policymakers.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108598"},"PeriodicalIF":13.6,"publicationDate":"2025-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144147910","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

Modeling and forecasting the long memory of Cyclical Trends in paleoclimate data 古气候资料周期趋势长记忆的建模与预测

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-11 DOI: 10.1016/j.eneco.2025.108520

Tomas del Barrio Castro , Alvaro Escribano , Philipp Sibbertsen

引用次数: 0

Where to build renewables in Europe? The benefits of locational auction design 在欧洲哪里建设可再生能源？地点拍卖设计的好处

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-11 DOI: 10.1016/j.eneco.2025.108579

Georg Thomaßen , Andreas Fuhrmanek

{"title":"Where to build renewables in Europe? The benefits of locational auction design","authors":"Georg Thomaßen , Andreas Fuhrmanek","doi":"10.1016/j.eneco.2025.108579","DOIUrl":"10.1016/j.eneco.2025.108579","url":null,"abstract":"<div><div>The European Commission recently proposed a 90 % carbon emissions reduction target for the year 2040. Reaching this target will largely rely on decarbonizing the power sector through the deployment of variable renewables through auctions. At the same time, redispatch volumes across the European Union are forecast to increase massively in the context of uncoordinated renewable deployment.</div><div>Against this background, we investigate the benefits that can be achieved with locational auctions for renewable capacity, taking into consideration the grid topology in the auction clearing mechanism. We contrast the outcome against a zonal auction mechanism, as well as an equal distribution scenario, which describes a very even distribution of renewable capacity.</div><div>We find that across all investigated scenarios, locational auctions maximize renewable integration, while minimizing the cost to consumers. In addition, they consistently lead to lower redispatch volumes than zonal auctions. Redispatch, however, is minimal in the equal distribution scenario, due to the high shares of local consumption. We thus conclude that maximizing system benefit stands in conflict with minimizing redispatch in zonal markets. While the former relies on maximizing renewable production, taking grid constraints into consideration, the latter objective benefits from maximizing local consumption and minimizing strain on the grid.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108579"},"PeriodicalIF":13.6,"publicationDate":"2025-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144115862","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

Corrigendum to “Supply-chain digitization and non-intrusive load monitoring with digital twins: The impact of energy policies on carbon pricing and renewable energy deployment” [Energy Economics 144 (2025) 108400] “供应链数字化和非侵入式负荷监测与数字孪生：能源政策对碳定价和可再生能源部署的影响”的更正[能源经济]144 (2025)108400]

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-10 DOI: 10.1016/j.eneco.2025.108569

Mansoor Khan , Salabat Khan , Imran Ur Rahman

引用次数: 0

Asymmetric association between supply chain bottlenecks and consumer energy prices: Evidence from quantile-on-quantile approach 供应链瓶颈与消费者能源价格之间的不对称关联：来自分位数对分位数方法的证据

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-08 DOI: 10.1016/j.eneco.2025.108556

Youcheng Zhou , Bingchen Li , Mengqi Zhao

{"title":"Asymmetric association between supply chain bottlenecks and consumer energy prices: Evidence from quantile-on-quantile approach","authors":"Youcheng Zhou , Bingchen Li , Mengqi Zhao","doi":"10.1016/j.eneco.2025.108556","DOIUrl":"10.1016/j.eneco.2025.108556","url":null,"abstract":"<div><div>Soaring energy prices and supply chain bottlenecks (SCB) have a complex and intricate nexus shaped by global uncertainties. This relationship exhibits heterogeneity and nonlinearity due to varying energy dependencies, economic structures, and supply chain developments across nations. Given this, we explore the asymmetric interplay between SCB and consumer energy prices (CEP) for selected economies, including Japan, South Korea, the United States, and the United Kingdom. Employing quantile-on-quantile regression on monthly data from 1997 to 2022. The findings exhibit that SCB positively correlates CEP at higher quantiles of energy prices with prominent effects in the US and weaker effects in Japan, Korea, and the UK, SCB reveals a negative nexus with CEP at lower quantiles of energy prices. The findings imply that supply chain disruptions exacerbate energy prices during periods of high volatility, while initial levels of SCB reduce energy prices due to dampened energy demand. On the flip side, CEP mitigates SCB in Japan and the US across all quantiles of the supply chain pressure. Unlike them, the UK and Korea show different outcomes, where CEP amplifies SCB at all quantiles of the supply chain. Overall, the findings underscore the need for country-specific sustainable energy policies and resilient supply chain management strategies.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108556"},"PeriodicalIF":13.6,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144084087","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

Artificial intelligence-driven energy technology innovation: Dynamic impact and mechanism exploration

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-08 DOI: 10.1016/j.eneco.2025.108541

Renbo Shi , Wei Shan , Richard Evans , Qingjin Wang

{"title":"Artificial intelligence-driven energy technology innovation: Dynamic impact and mechanism exploration","authors":"Renbo Shi , Wei Shan , Richard Evans , Qingjin Wang","doi":"10.1016/j.eneco.2025.108541","DOIUrl":"10.1016/j.eneco.2025.108541","url":null,"abstract":"<div><div>Energy Technology Innovation (ETI) has received considerable attention in recent decades as firms strive to comply with pollution regulations and advance green transformation. This study investigates the dynamic impact of Artificial Intelligence (AI) on firm-level ETI and the mechanisms driving this relationship. The results show that AI positively contributes to ETI, although its effects exhibit a time lag, with the long-term impact being more significant. Specifically, AI exerts a more pronounced positive impact on renewable ETI compared to traditional ETI, guiding firms' innovation towards cleaner energy sources. The promotion of ETI by AI is found to be stronger in heavily polluted industries and geographical regions with greater openness. In addition, mechanism analysis demonstrates that AI primarily promotes ETI through enhanced Research and Development (R&D) activities, factor allocation effects, and increased financial opportunities. Furthermore, these AI-driven advancements in ETI contribute to improved energy efficiency. This study provides valuable guidance for firms seeking to effectively integrate AI into their ETI strategies and holds significant theoretical and practical implications for accelerating energy transformation.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108541"},"PeriodicalIF":13.6,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143942810","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

Emissions trading scheme's effect on enterprises' sustainable development in China: A differential game and a quasi-natural experiment 碳排放交易机制对中国企业可持续发展的影响：一个差异博弈和准自然实验

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-08 DOI: 10.1016/j.eneco.2025.108554

Xiaoxiao Zhou, Yongan Zhao, Dengsheng Chen

{"title":"Emissions trading scheme's effect on enterprises' sustainable development in China: A differential game and a quasi-natural experiment","authors":"Xiaoxiao Zhou, Yongan Zhao, Dengsheng Chen","doi":"10.1016/j.eneco.2025.108554","DOIUrl":"10.1016/j.eneco.2025.108554","url":null,"abstract":"<div><div>A differential game model, considering high and low carbon emission firms under China's Emissions Trading Scheme (ETS) context, is given to investigate the nexus between subsidy strategy and green technology innovation. Some results suggest that without ETS, firms reduce production to avoid penalties, while with ETS, a new equilibrium emerges with higher subsidies, increased production, and reduced emissions. Using data from China's A-share listed companies (2008–2019), a Difference-in-Difference (DID) model validates that ETS pilot policy has formed a carbon emissions trading market which can incentivize firms towards green technological innovation, promoting the sustainable development. In the process, government environmental subsidies play a crucial regulatory role by offering essential financial support and policy guidance for emission reduction activities. However, the effectiveness of the ETS pilot policy is influenced by the heterogeneity in the emission reduction costs, levels of marketization and different types of firms. According to the conclusions some suggestions for ETS pilot are provided.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108554"},"PeriodicalIF":13.6,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143946631","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