Energy Economics最新文献_第3页

Navigating climate policy: Corporate lobbying strategies in response to intensified climate risk exposure 引导气候政策：应对气候风险加剧的企业游说策略

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-11 DOI: 10.1016/j.eneco.2025.108667

Anqi Jiao , Ran Sun , Honglin Ren

引用次数: 0

Health impacts of cross-regional transmission infrastructure: Evidence from China's ultra-high voltage projects 跨区域输电基础设施对健康的影响：来自中国特高压项目的证据

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-11 DOI: 10.1016/j.eneco.2025.108669

Zhengye Gao , Li Zhao

{"title":"Health impacts of cross-regional transmission infrastructure: Evidence from China's ultra-high voltage projects","authors":"Zhengye Gao , Li Zhao","doi":"10.1016/j.eneco.2025.108669","DOIUrl":"10.1016/j.eneco.2025.108669","url":null,"abstract":"<div><div>Fossil fuel consumption poses a significant threat to public health. This paper provides the first empirical evidence of the health benefits associated with the world's largest cross-regional power grid project, namely, China's ultra-high-voltage (UHV) transmission system. The primary objective of this project is to transmit clean electricity from energy-rich regions to densely populated areas located thousands of kilometers away. Utilizing detailed household health data and the natural experimental setting created by the operation of UHV lines, we implement a difference-in-differences design. Our findings reveal that the operation of UHV lines significantly improves public health in the connected regions. Mechanism analysis indicates that the UHV grid promotes public health primarily by reducing air pollution and lowering energy costs. Heterogeneity analysis shows that the UHV grid's health benefits are more pronounced in regions with high electricity consumption intensity and a greater reliance on fossil fuels. Our study provides a novel solution for addressing air pollution and public health issues by investing in cross-regional transmission infrastructure to optimize power allocation across regions.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"148 ","pages":"Article 108669"},"PeriodicalIF":13.6,"publicationDate":"2025-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144472238","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 complexity of transitioning from oil dependency: A dynamic modelling case study of Indonesia 从石油依赖过渡的复杂性：印度尼西亚的动态建模案例研究

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-09 DOI: 10.1016/j.eneco.2025.108662

Arief Rahman , Russell Richards , Paul Dargusch , David Wadley

{"title":"The complexity of transitioning from oil dependency: A dynamic modelling case study of Indonesia","authors":"Arief Rahman , Russell Richards , Paul Dargusch , David Wadley","doi":"10.1016/j.eneco.2025.108662","DOIUrl":"10.1016/j.eneco.2025.108662","url":null,"abstract":"<div><div>The decarbonization of the oil sector in Indonesia poses a complex challenge due to the significant role which fossil fuels play in the nation's economy. A major pre-requisite is to adjust demand-side practices. In modelling the dynamic pathways of the oil industry, this article employs a comprehensive systems framework. Specifically, a stock and flow model (SFM) is developed to assess the current state of oil demand and supply, and to forecast its transition to 2050. Given the limited availability of historical data, the study incorporates a grounded theory approach to expose the long-term dynamics of the substitution process. It encompasses S-shaped forecasts of transition, Bass diffusion, and zero-sum game theories. The credibility of the SFM is rigorously evaluated through legitimacy, calibration, structural behavioural and sensitivity tests. Our analysis acknowledges the long-standing oil subsidies offered by the Indonesian government. Biofuels are likely to be part of the future energy mix, but a significant uptake of electricity would be the ultimate focus of a substitution for oil. Innovation-driven acceptance and the effectiveness of policy incentives are two key variables likely to drive change. The achievable decarbonization in the oil sector is contingent upon the magnitude of emissions reductions possible in electricity production, necessitating a shift towards variable renewable energy and nuclear sources to ensure a sustainable change. However, carbon capture and storage could be useful to achieve deeper decarbonization, since renewable and nuclear energy alone are unlikely fully to replace the share of coal and gas in the electricity mix.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"148 ","pages":"Article 108662"},"PeriodicalIF":13.6,"publicationDate":"2025-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144279273","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

Evaluating consumer preference and willingness to pay for low emission electricity: Evidence from a national choice experiment in the US 评估消费者对低排放电力的偏好和支付意愿：来自美国国家选择实验的证据

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-07 DOI: 10.1016/j.eneco.2025.108650

Bruktawit M. Ahmed , Mahelet G. Fikru

引用次数: 0

Material balance and correction for the measurement of green total factor productivity growth 衡量绿色全要素生产率增长的物质平衡与修正

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-06 DOI: 10.1016/j.eneco.2025.108647

Haoran Yang , Qiu Chen

{"title":"Material balance and correction for the measurement of green total factor productivity growth","authors":"Haoran Yang , Qiu Chen","doi":"10.1016/j.eneco.2025.108647","DOIUrl":"10.1016/j.eneco.2025.108647","url":null,"abstract":"<div><div>In the measurement of the growth of green total factor productivity (GTFP), existing studies firstly need to measure environmental efficiency, where undesirable outputs are estimated based on the quantity of inputs using the material balance method. The material balance method not only makes it possible to derive undesirable outputs but also implies a constraint. However, existing studies have not considered this potential constraint when measuring environmental efficiency, which may result in GTFP growth measurements that violate the material balance principle. This paper improves the measurement of the growth rate of GTFP by incorporating material balance constraints into the environmental efficiency measurement method. Based on green cost function, a new method which is consistent with material balance constraints for measuring the GTFP growth rate is constructed. Empirical measurement of the growth of GTFP in power generation enterprises from 2009 to 2014 reveals that, without considering material balance constraints, the traditional GTFP growth measurement results do not align with the trends in the unit energy consumption of power generation enterprises. This discrepancy is corrected when material balance constraints are incorporated. The GTFP growth results based on the environmental cost function indicate that power generation enterprises focus more on improving cost efficiency rather than merely enhancing technical efficiency.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"148 ","pages":"Article 108647"},"PeriodicalIF":13.6,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144240812","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

‘What's your shape?’ A data-driven approach to estimating the Environmental Kuznets Curve “你是什么样子的？”一种数据驱动的估算环境库兹涅茨曲线的方法

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-06 DOI: 10.1016/j.eneco.2025.108649

Antonio Francesco Gravina , Matteo Lanzafame

引用次数: 0

CO2 emissions market and renewable energy, are they linked? The case of the EU ETS 二氧化碳排放市场和可再生能源，它们有联系吗？以欧盟排放交易体系为例

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-06 DOI: 10.1016/j.eneco.2025.108648

Jordi Perdiguero , Àlex Sanz

{"title":"CO2 emissions market and renewable energy, are they linked? The case of the EU ETS","authors":"Jordi Perdiguero , Àlex Sanz","doi":"10.1016/j.eneco.2025.108648","DOIUrl":"10.1016/j.eneco.2025.108648","url":null,"abstract":"<div><div>Climate change is one of the main challenges facing humanity. Economic activity is generating temperature increases that can have serious economic and social effects. Various international agreements try to reduce emissions levels. The countries of the European Union adopted the emissions market system to try to modify the energy structure of their economies and thus reduce their emissions levels. This paper analyzes how the European Union Emissions Trading System (EU ETS) has been able to favour the introduction of renewable energies over fossil energies. Applying the Callaway-Sant'Anna difference-in-difference methodology, we observe how the introduction of this system within the European Union has had a positive and significant impact on the use of renewable energies. The EU ETS market has increased the use of renewables (up to 21 %) and decreased the use of fossil fuels (up to 18.4 %). This result shows that EU ETS is not only effective in reducing emissions but also in increasing the use of renewable energy. This positive effect is especially significant in the last phase when the price of emissions increases significantly. Continuing to promote this program in the future would help to increase the penetration of renewable energy in European economies.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"148 ","pages":"Article 108648"},"PeriodicalIF":13.6,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144306724","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

Pollutant-specific scale economies in a supply chain under cap-and-trade regulation within the context of sustainable insurance 可持续保险背景下限额与交易监管下供应链中特定污染物的规模经济

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-06 DOI: 10.1016/j.eneco.2025.108642

Shi Chen , Hanhan Bai , Ching-Hui Chang , Jeng-Yan Tsai , Chuen-Ping Chang

{"title":"Pollutant-specific scale economies in a supply chain under cap-and-trade regulation within the context of sustainable insurance","authors":"Shi Chen , Hanhan Bai , Ching-Hui Chang , Jeng-Yan Tsai , Chuen-Ping Chang","doi":"10.1016/j.eneco.2025.108642","DOIUrl":"10.1016/j.eneco.2025.108642","url":null,"abstract":"<div><div>This paper introduces a capped call option within a sustainable insurance model, where the insurer acts as a fund provider and supply chain manufacturers serve as fund borrowers. The risks associated with these borrowing manufacturers are capped through green lending, providing a structured way to manage financial exposure. Both upstream and downstream manufacturers use multiproduct production technology, which inherently produces pollutants. The study investigates how cap-and-trade limits influence pollution in carbon-intensive supply chains under varying cost structures. It reveals that stricter pollution caps enhance the insurer's profit margin when manufacturers adopt subadditive multiproduct technology—where joint production reduces costs—but diminish the margin when superadditive technology is employed, resulting in higher joint production costs. Moreover, tighter cap-and-trade restrictions may inadvertently lead to increased overall pollution, as the incentive to produce more under these multiproduct cost structures can outweigh the intended environmental benefits. These findings emphasize the importance of designing green finance and technology promotion policies that account for the specific cost dynamics within supply chains, ensuring that environmental, public health, and clean energy objectives are effectively balanced.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"148 ","pages":"Article 108642"},"PeriodicalIF":13.6,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144240813","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

Greenflation or greensulation? The case of fuel excise taxes and oil price pass-through 绿色通胀还是绿色隔离？燃料消费税和石油价格传递的案例

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-06 DOI: 10.1016/j.eneco.2025.108613

JaeBin Ahn

引用次数: 0

Time for a market upgrade? A review of wholesale electricity market designs for the future 是时候进行市场升级了？未来电力批发市场设计述评

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-06-06 DOI: 10.1016/j.eneco.2025.108640

Chiara Lo Prete , Karen Palmer , Molly Robertson

{"title":"Time for a market upgrade? A review of wholesale electricity market designs for the future","authors":"Chiara Lo Prete , Karen Palmer , Molly Robertson","doi":"10.1016/j.eneco.2025.108640","DOIUrl":"10.1016/j.eneco.2025.108640","url":null,"abstract":"<div><div>Existing wholesale electricity market designs are poorly suited to address challenges associated with the evolving resource mix. For example, recent scarcity events in the United States show that reliability challenges in renewable- and gas-dominated electric power systems arise not from the lack of generation capacity to serve peak customer demand, but from the lack of available capacity to provide the requisite energy at times of need. We review 11 proposed electricity market designs for the clean energy transition and compare them based on 10 criteria. Enhancing reliability in electric power systems with a significant amount of variable renewable energy requires incentivizing resource flexibility, both in investment and in operation. Electricity market structures should allow resources needed for reliability to earn adequate revenues to recover their variable and fixed costs. Good market designs also enable low-cost financing to support investments in capital-intensive resources that are instrumental in meeting decarbonization objectives. An additional property of well-designed markets is promoting short-run efficiency by reducing incentives to exercise market power and supporting efficient renewable curtailment outcomes. Besides achieving reliability, long-run efficiency, and short-run efficiency, some proposals in our review seek to achieve energy affordability objectives and integration with clean energy goals. Our evaluation highlights several open questions and directions for future research: the determination of mandatory purchase obligations of load-serving entities and associated enforcement mechanisms; the interplay between long-term hedging requirements and incentives for demand participation in real time; and the compatibility between long-term contract design and efficient operations in short-term energy markets.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"148 ","pages":"Article 108640"},"PeriodicalIF":13.6,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144338475","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