Energy Economics最新文献_第9页

Indirect import and enterprise pollution emissions: A perspective from industrial linkage 间接进口与企业污染排放：基于产业联动的视角

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-16 DOI: 10.1016/j.eneco.2025.108587

Lufeng Tai , Linnan Yan , Minjie Pan , Xinlei Qian

引用次数: 0

Assessment of banking risk in the context of the oil and gas bubbles 石油和天然气泡沫背景下的银行风险评估

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-16 DOI: 10.1016/j.eneco.2025.108593

Stefano Dell'Atti , Andrea Paltrinieri , Caterina Di Tommaso , Grazia Onorato

引用次数: 0

A multi-scale analysis of spillover effects between the Chinese carbon market and related markets: The impact of the geopolitical risk 中国碳市场与相关市场溢出效应的多尺度分析：地缘政治风险的影响

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-15 DOI: 10.1016/j.eneco.2025.108543

Jing Liu , Xin Zhao , Lili Ding

{"title":"A multi-scale analysis of spillover effects between the Chinese carbon market and related markets: The impact of the geopolitical risk","authors":"Jing Liu , Xin Zhao , Lili Ding","doi":"10.1016/j.eneco.2025.108543","DOIUrl":"10.1016/j.eneco.2025.108543","url":null,"abstract":"<div><div>This study examines the spillover effects between China's carbon market and related markets, considering geopolitical factors. By using the spillover index method, MEMD decomposition, and the TVP-VAR model, the paper quantifies the spillovers at multiple scales. The findings indicate that: (1) significant spillover effects exist among China's carbon, energy, and financial markets, with the oil market being the major risk spillover source and the foreign exchange market playing an important intermediary role in risk transmission; (2) spillover effects are heterogeneous across time scales, with medium to long-term spillovers being the most prominent, suggesting long-term fundamental factors primarily drive risk spillovers; (3) spillover effects exhibit time-varying characteristics, with intensified spillovers typically triggered by economic crises, geopolitical events, policy changes, and other major incidents; (4) geopolitical risks have a significant impact on spillovers within the “carbon-energy-finance” system, though the impact's magnitude and direction vary depending on the specific geopolitical event. These results provide valuable guidance for policymakers and investors in China and other developing countries on the operation and investment of carbon markets.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108543"},"PeriodicalIF":13.6,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144084090","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

Comparison between inclusive finance and green finance in alleviating energy poverty and the mediating role of energy structure 普惠金融与绿色金融缓解能源贫困的比较及能源结构的中介作用

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-15 DOI: 10.1016/j.eneco.2025.108597

Meirui Zhong , Ti Zhou , Qingtian Wu

{"title":"Comparison between inclusive finance and green finance in alleviating energy poverty and the mediating role of energy structure","authors":"Meirui Zhong , Ti Zhou , Qingtian Wu","doi":"10.1016/j.eneco.2025.108597","DOIUrl":"10.1016/j.eneco.2025.108597","url":null,"abstract":"<div><div>Drawing on panel data from 30 Chinese provinces from 2011 to 2017, this study investigates the comprehensive impact of inclusive finance and green finance on energy poverty, along with the mechanisms through which these effects occur. The findings demonstrate that both inclusive finance and green finance significantly alleviate energy poverty. Inclusive finance primarily influences energy poverty through income and consumption effects, while green finance contributes by improving energy efficiency and supporting the transition to low-carbon energy sources. Moreover, a synergistic effect exists between inclusive and green finance, with inclusive finance fostering the development of green finance—an effect that becomes more pronounced with increased investment in science and technology. Heterogeneity analysis reveals that inclusive finance has a greater impact in the western region, whereas green finance exerts stronger influence in the eastern region, highlighting differences in their operative mechanisms and levels of regional economic development. Building on existing literature concerning the relationship between financial inclusivity and energy structure, this study further explores their nonlinear relationship and examines the roles of energy consumption and technological advancement in this dynamic. The paper concludes with policy recommendations based on the combined effects of inclusive and green finance on energy poverty.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108597"},"PeriodicalIF":13.6,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144147914","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

Manuscript title: The survival of global energy imports and the impact of geopolitical risks 论文题目：全球能源进口的生存与地缘政治风险的影响

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-15 DOI: 10.1016/j.eneco.2025.108595

Shiguang Peng , Le Wang , Yongyao Chen

{"title":"Manuscript title: The survival of global energy imports and the impact of geopolitical risks","authors":"Shiguang Peng , Le Wang , Yongyao Chen","doi":"10.1016/j.eneco.2025.108595","DOIUrl":"10.1016/j.eneco.2025.108595","url":null,"abstract":"<div><div>Based on Harmonized System 6-digit code data from 1995 to 2022, this study uses survival analysis to assess the survival of global energy imports, which characterizes resilience. Next, it quantitatively investigates the impact of geopolitical risks in exporting countries on import survival. The key findings are summarized as follows. First, the average length of the 300,971 trade spells is 3.269 years. Remarkably, 80.68 % of these spells have a length that does not exceed 3 years, whereas only 3.98 % persist beyond 18 years in length. Second, the hazard rate of global energy imports reaches 0.573 in the initial year, but it typically decreases as the import duration increases. Compared with other countries, Japan has superior resilience in terms of energy imports, whereas the United States has inferior resilience in this regard. With respect to product categories, global petroleum imports display greater resilience than coal and gas imports do. Third, elevated geopolitical risks in exporting countries significantly increase the hazard rate of global energy imports. Geopolitical risks intensify the hazard rate of global petroleum imports more than that of coal and gas imports. Furthermore, for OECD exporting countries, the enhancing impact of geopolitical risks on the hazard rate of trade disruptions is attenuated. Finally, drawing upon the primary conclusions, policy implications are suggested to increase import resilience and safeguard international energy security.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108595"},"PeriodicalIF":13.6,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144072421","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

Market segmentation and urban energy consumption: An analysis of threshold effects from an agglomeration perspective 市场分割与城市能源消费：基于集聚视角的门槛效应分析

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-15 DOI: 10.1016/j.eneco.2025.108517

Xinshuo Hou , Yan He , Xin Liu , Dongyang Li , Shijie Zhang

{"title":"Market segmentation and urban energy consumption: An analysis of threshold effects from an agglomeration perspective","authors":"Xinshuo Hou , Yan He , Xin Liu , Dongyang Li , Shijie Zhang","doi":"10.1016/j.eneco.2025.108517","DOIUrl":"10.1016/j.eneco.2025.108517","url":null,"abstract":"<div><div>Mitigating energy consumption is a critical concern for countries globally as they pursue sustainable development goals. Despite the intertwining nature of market segmentation and economic development, their impact on energy consumption has received limited attention. The role of urban agglomeration in this context remains a topic of debate. This study explores the relationship between market segmentation and energy consumption based on the urban agglomeration perspective. Our empirical analysis draws on panel data from 265 cities across China collected over the period from 2004 to 2022. Diverging from prior studies that focus on singular indicators, our approach encompasses urban agglomeration across three dimensions: polycentric, industrial, and population concentrations. The research results show that: (1) Market segmentation is positively associated with urban energy consumption trends consistent across robustness tests; (2) Market segmentation has a significant impact on urban energy consumption, which varies significantly in terms of city scale, location and level. (3) The three urban agglomeration variables exhibit distinct moderating effects on the relationship between market segmentation and energy consumption. These research results provide a theoretical foundation for policy recommendations for energy conservation and market segmentation reduction.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108517"},"PeriodicalIF":13.6,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144124038","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

Can financial agglomeration narrow the urban-rural electricity consumption gap in China? 金融集聚能缩小中国城乡用电量差距吗？

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-14 DOI: 10.1016/j.eneco.2025.108600

Yi Wen

引用次数: 0

The digital path to carbon neutrality: Examining the carbon abatement effect of digital place-based policy in China 碳中和的数字路径：中国基于地方的数字政策的碳减排效果研究

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-14 DOI: 10.1016/j.eneco.2025.108537

Changfei Nie , Ling Xie , Yuan Feng

{"title":"The digital path to carbon neutrality: Examining the carbon abatement effect of digital place-based policy in China","authors":"Changfei Nie , Ling Xie , Yuan Feng","doi":"10.1016/j.eneco.2025.108537","DOIUrl":"10.1016/j.eneco.2025.108537","url":null,"abstract":"<div><div>Digital place-based policy takes data elements as the core and promotes the transformation of the regional economy from traditional mode to digitalization and intelligence through the construction of digital infrastructure, digital technology applications and digital industries. This paper takes China’s digital economy innovation and development pilot zone (DEIDPZ) policy, a typical digital place-based policy, as the research object, and utilizes the panel data of 281 cities in China from 2015 to 2021 to study the carbon abatement effect of the digital place-based policy by using a difference-in-differences (DID) model. We find that the DEIDPZ policy has a significant carbon abatement effect, resulting in a 2.69% reduction in per capita CO<sub>2</sub> emissions for the pilot cities. Mechanism analysis reveals that allocation, technical and agglomeration effects are the main mediators of the DEIDPZ policy in facilitating carbon abatement. It is also demonstrated that digital finance and public environmental attention play moderating roles in the process of the DEIDPZ policy reducing CO<sub>2</sub>. Heterogeneity analysis indicates that the carbon abatement effect of DEIDPZ policy is more significant in eastern cities, resource-based cities, cities with high administrative levels, and cities with high economic development levels, as well as in Zhejiang Province and Guangdong Province. Our findings offer new insights into the sustainability impact of digital transformation, as well as inspire policy-makers to use digital place-based policy to achieve carbon neutrality targets.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108537"},"PeriodicalIF":13.6,"publicationDate":"2025-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144068997","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

How does ICT agglomeration promote green technology innovation? Evidence from Yangtze River Delta in China 信息通信技术集聚如何促进绿色技术创新？来自中国长三角的证据

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-14 DOI: 10.1016/j.eneco.2025.108584

Senmiao Yang , Wanxin Jiang , Jianda Wang

引用次数: 0

Analysing a frequency and quantile connectedness spillover dynamics nexus: Metals, grains, and energy markets under economic signals 频率和分位数连通性溢出动态关系分析：经济信号下的金属、谷物和能源市场

IF 13.6 2区经济学

Energy Economics Pub Date : 2025-05-14 DOI: 10.1016/j.eneco.2025.108580

Hemachandra Padhan , Mustafa Kocoglu

{"title":"Analysing a frequency and quantile connectedness spillover dynamics nexus: Metals, grains, and energy markets under economic signals","authors":"Hemachandra Padhan , Mustafa Kocoglu","doi":"10.1016/j.eneco.2025.108580","DOIUrl":"10.1016/j.eneco.2025.108580","url":null,"abstract":"<div><div>In this study, we examine the impact of global economic indicators on connectedness spillovers among energy, metal, and grain commodity markets. Global economic indicators directly create a transmission channel to commodity markets by reflecting financial and trade fluctuations worldwide. Especially in tail regions, basic commodities such as energy, metal, and grain are affected by economic uncertainties, oil supply-demand, and economic policy uncertainty shocks. In particular, Copper emerges as the main net transmitter of shocks in both short- and long-term periods, while oil and gas prices are net shock receivers in the median and extreme right tail regions. This finding strengthens the narrative of the demand-side mechanism of oil prices. On the other hand, Copper and Nickel are clear shock transmitters in tail regions. These results emphasize the interconnectedness of commodity markets and the importance of short-term dynamics in shaping market behavior during downturns and upturns in market conditions. However, economic policy uncertainty significantly attenuates spillover connectedness across energy, metal, and grain commodity markets during periods of heightened complexity. This indicates that EPU disrupts cross-market linkages, leading to desynchronization in price transmissions. Conversely, the Baltic Dry Index and oil prices amplify spillover effects, reinforcing market integration through global demand channels. This finding strikingly indicates that energy, metal, and grain market interconnectedness increases, driven by global aggregate demand. In this context, our study supports the demand-side transmission narrative and provides evidence that economic policy uncertainty does not create momentum among connectedness spillover among energy, metal, and grain commodity markets.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"147 ","pages":"Article 108580"},"PeriodicalIF":13.6,"publicationDate":"2025-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144124008","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