Energy Economics最新文献_第2页

Subsidy reduction policies in clean product promotion: Pre-announced or dynamic? 清洁产品推广中的补贴削减政策：预先宣布还是动态的？

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-11 DOI: 10.1016/j.eneco.2025.108182

Jing Wang, Yanfei Lan, Shuxian Xu, Hongyang Zou, Huibin Du

{"title":"Subsidy reduction policies in clean product promotion: Pre-announced or dynamic?","authors":"Jing Wang, Yanfei Lan, Shuxian Xu, Hongyang Zou, Huibin Du","doi":"10.1016/j.eneco.2025.108182","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108182","url":null,"abstract":"Governments often use purchase subsidies to promote clean products, such as rooftop solar photovoltaic systems and new energy vehicles, aiming for clean development. However, purchase subsidies increase governments’ fiscal burden and create consumer over-reliance, with consumers delaying purchases in anticipation of higher future subsidies. To reduce policy costs and lessen consumers’ delayed purchases, governments attempt to implement a subsidy reduction policy that gradually reduces subsidy levels, with two options: pre-announced subsidy reduction (PS, where future subsidy plans are pre-announced) and dynamic subsidy reduction (DS, where governments announce a downward trend but adjust subsidy levels dynamically). We employ a two-period Stackelberg game model to investigate the optimal policy for promoting clean products. Both PS and DS alleviate delayed purchases, but the government’s subsidy strategies differ. Under PS, the government adopts a consistent subsidy strategy or follows a decreasing subsidy path, which lessens fiscal costs but at the expense of total sales of clean products. In contrast, under DS, the government maintains a consistent subsidy level over two periods, which rather increases the total adoption of clean products and contradicts the intuition that dynamic subsidy setting is meant for maintaining policy flexibility. Moreover, our comprehensive comparisons reveal a policy choice dilemma: the government should choose PS to prevent delayed purchases but DS to enhance the adoption of clean products. We suggest choosing the appropriate approach based on the market penetration of clean products: PS seems more favorable when sales of clean products are sufficiently high, while the opposite is true for DS.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"31 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142990177","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

Economic performance and investments under emissions trading: Untangling the effects of a staggered regulation 排放交易下的经济表现和投资：理清交错监管的影响

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-11 DOI: 10.1016/j.eneco.2024.108170

Leon Bremer, Konstantin Sommer

引用次数: 0

Intermittency and uncertainty in wind and solar energy: Impacts on the French electricity market 风能和太阳能的间歇性和不确定性：对法国电力市场的影响

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-10 DOI: 10.1016/j.eneco.2024.108176

Maurice K. Ekoue, Matt Woerman, Cédric Clastres

引用次数: 0

The effectiveness of future financial benefits on PV adoption — Evidence from Belgium 光伏采用的未来经济效益的有效性——来自比利时的证据

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-10 DOI: 10.1016/j.eneco.2024.108141

Justus Böning, Kenneth Bruninx, Marten Ovaere, Guido Pepermans, Erik Delarue

{"title":"The effectiveness of future financial benefits on PV adoption — Evidence from Belgium","authors":"Justus Böning, Kenneth Bruninx, Marten Ovaere, Guido Pepermans, Erik Delarue","doi":"10.1016/j.eneco.2024.108141","DOIUrl":"https://doi.org/10.1016/j.eneco.2024.108141","url":null,"abstract":"We assess the effect of different incentive schemes with future financial benefits on photovoltaic (PV) adoption patterns in the residential sector for the two biggest regions of Belgium - Flanders and Wallonia. Due to variation in incentive schemes across the regions and within regions across months, we can identify the effect of changes in future benefits on adoption. We combine and compare three distinct and widely used incentive schemes for PV, namely output-based, capacity-based and net metering, which is electricity cost saving-based. We find that PV adoption in the residential sector is highly sensitive to overall future financial benefits. A one percent increase in overall benefits per kW of installed capacity increases the number of installations by around 6%. However, the different incentive schemes have varying degrees of effectiveness. In particular, capacity- and output-based incentive schemes, which directly compensate households with a fixed price per produced amount of electric energy or per installed capacity annually are around 6 percentage points more effective in fostering PV uptake than the cost saving-based net metering, which depends on future electricity prices and production. Furthermore, the average size of new installations depends on whether incentive schemes remunerate for additional capacity.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"9 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142990216","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

Substitution effects of high-speed railway on carbon mitigation: From theory to empirics 高铁对碳减排的替代效应：从理论到实证

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-10 DOI: 10.1016/j.eneco.2025.108179

Jian Wang, Huanhuan Du, Kefu Lin

{"title":"Substitution effects of high-speed railway on carbon mitigation: From theory to empirics","authors":"Jian Wang, Huanhuan Du, Kefu Lin","doi":"10.1016/j.eneco.2025.108179","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108179","url":null,"abstract":"Understanding the substitution effects of public transit developments, such as the introduction of high-speed railway, is critical for advancing carbon abatement and combating global climate change. This study aims to analyze the profound impacts of high-speed railway, specifically the Kyushu Shinkansen in Japan, on the sustainability performance of passenger vehicles. We first build a theoretical model to reveal the underlying mechanisms of substitution effects. Consistent with theoretical predictions, we employ a difference-in-differences approach to examine the causal impact of the high-speed railway rollout on carbon emissions from passenger vehicles in the Kyushu region of Japan. Our findings reveal a notable decrease in carbon emissions per capita from passenger vehicles in regions served by the high-speed railway, compared to those non-serviced areas. Meanwhile, we confirm that these substitution effects are less pronounced in the freight transport sector. This paper not only contributes to the understanding of HSR's energy impact but also provides valuable insights into the broader implications of transportation infrastructure development on sustainable transportation practices.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"49 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142990212","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

Cost-effective intelligent building: Energy management system using machine learning and multi-criteria decision support 具有成本效益的智能建筑：使用机器学习和多标准决策支持的能源管理系统

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-09 DOI: 10.1016/j.eneco.2025.108184

Helen Cai, Wanhao Zhang, Qiong Yuan, Anas A. Salameh, Saad Alahmari, Massimiliano Ferrara

{"title":"Cost-effective intelligent building: Energy management system using machine learning and multi-criteria decision support","authors":"Helen Cai, Wanhao Zhang, Qiong Yuan, Anas A. Salameh, Saad Alahmari, Massimiliano Ferrara","doi":"10.1016/j.eneco.2025.108184","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108184","url":null,"abstract":"Enhancing cost-effective energy management in buildings is critical for achieving sustainability goals and addressing the challenges posed by rising energy use, which is a major concern for energy policy frameworks worldwide. This study is a trailblazer in using multi-criteria decision-making (MCDM) methodologies for the real-time operational optimisation of building energy systems. Data collection and pre-processing, feature extraction, feature selection, classification, trust authentication, encryption, and decryption are among the techniques used in this approach. Pre-processing procedures for the raw data include feature encoding, dimension reduction, and normalisation approaches. The Hybrid Grey Level Co-occurrence Matrix Fast Fourier Transform (HGLCM-FFT) method is used for feature extraction. Filter-based methods are used for feature selection, including IG, CS, symmetric uncertainty, and gain ratio. The Hierarchical Gradient Boosted Isolation Forest (HGB-IF) technique is used for the classification. Distributed Adaptive Trust-Based Authentication (DAT-BA), a security architecture in distributed cloud environments, uses trust authentication. The Particle Swarm Optimized Symmetrical Blowfish (PSOSB) method is used for encryption and decryption.The proposed framework not only ensures robust data security but also provides actionable insights for energy efficiency improvements, aligning with broader economic and environmental objectives. The suggested work is implemented using OS Python – 3.9.6; the performance of the proposed model is Attack Detection Rate, False alarm rate, True positive rate, Network usage, CPU usage, Encryption time, encryption time, and Throughput.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"13 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142990214","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

Economical driving and taxation of road use 经济驾驶和道路使用税

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-08 DOI: 10.1016/j.eneco.2025.108193

Geir H.M. Bjertnæs

引用次数: 0

Contract selection decision of hybrid energy power supply chain under cap-and-trade: From the perspective of supply disruption risk 限额与交易下混合能源电力供应链的合同选择决策——基于供应中断风险的视角

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-08 DOI: 10.1016/j.eneco.2025.108194

Lexuan Sun, Wei Li, Jie Song

{"title":"Contract selection decision of hybrid energy power supply chain under cap-and-trade: From the perspective of supply disruption risk","authors":"Lexuan Sun, Wei Li, Jie Song","doi":"10.1016/j.eneco.2025.108194","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108194","url":null,"abstract":"The intermittency of new energy power generation (NEPG) exposes the power supply chain (PSC) to a higher supply disruption risk (SDR), so it is crucial to determine how to manage such risk and minimize losses. In the context of cap-and-trade (CAT) in the power industry, we construct a two-stage decentralized PSC considering the SDR, which is composed of a hybrid energy generator and a power retailer. By establishing a Stackelberg game model under a power option contract (POC) and a power purchase commitment contract (PPCC), we obtain the optimal equilibrium decisions and the corresponding optimal expected profits under the two contracts to further explore the optimal contract selection decision of the power retailer based on the SDR when the CAT regulations change. We find the following. (1) When the SDR is below a certain threshold, the power retailer always prefers the PPCC. When the SDR exceeds this threshold, the contract selection decision varies depending on the changes in the CAT regulations. (2) In general, a decrease in carbon allowances and an increase in option fees will make the power retailer prefer the PPCC, but when the option fees exceed a certain threshold and the carbon allowances are less than a certain threshold at the same time, the increase in option fees will instead make the power retailer prefer the POC when the SDR is higher. Our results have implications for power firms and governments.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"37 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142990215","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

Does public climate attention affect the net return spillover from energy to non-energy commodities?

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-08 DOI: 10.1016/j.eneco.2025.108192

Anlan Lin, Xu Gong

{"title":"Does public climate attention affect the net return spillover from energy to non-energy commodities?","authors":"Anlan Lin, Xu Gong","doi":"10.1016/j.eneco.2025.108192","DOIUrl":"https://doi.org/10.1016/j.eneco.2025.108192","url":null,"abstract":"This study employs the improved Diebold-Yilmaz framework with a TVP-VAR-SV model to measure the system connectivity between energy and non-energy commodities. Then, we utilize a comprehensive Public Climate Attention Index to examine the influence of public climate attention on the net spillover effects from energy to non-energy commodity markets. The empirical results demonstrate that public climate attention plays a critical role in shaping the net spillover effects from energy to non-energy commodities, with its influence varying across different dimensions of climate attention. Specifically, while physical climate attention exerts a negative effect, transition climate attention drives the positive spillovers, serving as the dominant channel of influence. When analyzing spillovers to agricultural, chemical, and metal markets, the effects of different types of climate attention are consistent across these submarkets. However, the agricultural commodity market emerges as the primary recipient of climate-related risks, acting as the main channel for the transmission of spillovers from energy markets driven by climate attention. Additionally, major events, such as the COVID-19 pandemic, will especially intensify the impact of transition climate attention on net energy spillovers. These findings provide valuable policy insights for governments, financial market regulators, and enterprises in addressing climate-related risks and their impact on commodity markets.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"23 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143049701","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 response of higher-order moments of precious metals to energy shocks and financial stresses: Evidence from time-frequency connectedness approach 贵金属高阶矩对能源冲击和金融压力的不对称响应：来自时频连通性方法的证据

IF 12.8 2区经济学

Energy Economics Pub Date : 2025-01-08 DOI: 10.1016/j.eneco.2024.108171

Wang Gao, Xiaoman Jin, Hongwei Zhang, Miao He

{"title":"The asymmetric response of higher-order moments of precious metals to energy shocks and financial stresses: Evidence from time-frequency connectedness approach","authors":"Wang Gao, Xiaoman Jin, Hongwei Zhang, Miao He","doi":"10.1016/j.eneco.2024.108171","DOIUrl":"https://doi.org/10.1016/j.eneco.2024.108171","url":null,"abstract":"This paper analyzes how the higher-order moments of precious metals respond asymmetrically to energy shocks (including <ce:italic>demand, supply,</ce:italic> and <ce:italic>risk shock</ce:italic>) as well as financial stresses (such as <ce:italic>credit, equity valuation, safe assets, funding,</ce:italic> and <ce:italic>volatility</ce:italic>) using a Time-Varying Parameter Vector Autoregression (TVP-VAR) time-frequency approach. The findings reveal that financial stresses and energy shocks significantly impact the higher-order moments of precious metals, with more pronounced long-term effects. The skewness of precious metals responds positively to these shocks, indicating effective hedging properties, while their volatility remains relatively stable. In contrast, the kurtosis of precious metals shows a substantial short-term reaction but becomes more negative in the long term. Additionally, network spillover analysis indicates that financial stresses—particularly <ce:italic>equity valuation</ce:italic> and <ce:italic>volatility</ce:italic>—are the primary sources of net spillovers, while energy shocks, especially risk shocks, function as intermediaries. <ce:italic>Gold</ce:italic> and <ce:italic>platinum</ce:italic> exhibit higher-order moments that initially bear the pressure of these shocks, whereas <ce:italic>palladium</ce:italic> and <ce:italic>silver’s</ce:italic> higher-order moments act as ultimate absorbers of the disturbances. The dynamic spillover effects demonstrate significant time-varying characteristics in the responses of precious metals' higher-order moments. There are indications of increased asymmetry during crisis periods, such as the COVID-19 pandemic and the Russia-Ukraine conflict. Our research highlights the importance of considering the higher-order moments of precious metals for optimizing risk hedging and asset allocation strategies in portfolio management.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"1 1","pages":""},"PeriodicalIF":12.8,"publicationDate":"2025-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142990217","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