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Scaling up renewables without phasing down fossil fuels? Rethinking the role of financial globalization 在不逐步减少化石燃料的情况下扩大可再生能源?重新思考金融全球化的作用
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-05-02 DOI: 10.1016/j.enpol.2025.114654
Alpha Ly
{"title":"Scaling up renewables without phasing down fossil fuels? Rethinking the role of financial globalization","authors":"Alpha Ly","doi":"10.1016/j.enpol.2025.114654","DOIUrl":"10.1016/j.enpol.2025.114654","url":null,"abstract":"<div><div>The growing literature on globalization and renewable energy deployment only emphasizes overall or economic globalization, overlooking the specific dimensions policymakers should prioritize to enhance renewable deployment. Moreover, these studies fail to address whether the increase in the renewable energy share is driven by scaling up renewables or phasing down fossil fuels. They also neglect the temporal dynamics, even though the effect may take years to materialize. This paper addresses these three critical gaps. First, it identifies financial globalization as the key driver of renewable electricity deployment, with a doubling of the financial globalization index increasing the renewable electricity share by 17 percentage points on average. Unlike trade, political, cultural, and interpersonal dimensions, the financial dimension of globalization significantly impacts renewable deployment. Second, it reveals that financial globalization leads to a scaling up of renewables without a corresponding significant phasing down of fossil fuels. Third, it demonstrates that the effect peaks after 7 years. Additionally, the analysis shows that this effect is influenced by factors such as the level of industrialization, tax and exchange rate policies, inequality, fuel import bills, climate legislation, financial constraints, and crises. International agreements, such as the Paris Agreement, have the potential to facilitate this process.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"204 ","pages":"Article 114654"},"PeriodicalIF":9.3,"publicationDate":"2025-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143895096","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
Analysing the impact of the different pricing policies on PV-battery systems: A Dutch case study of a residential microgrid 分析不同定价政策对光伏电池系统的影响:荷兰住宅微电网案例研究
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-29 DOI: 10.1016/j.enpol.2025.114620
F. Norouzi , Aditya Shekhar , T. Hoppe , P. Bauer
{"title":"Analysing the impact of the different pricing policies on PV-battery systems: A Dutch case study of a residential microgrid","authors":"F. Norouzi ,&nbsp;Aditya Shekhar ,&nbsp;T. Hoppe ,&nbsp;P. Bauer","doi":"10.1016/j.enpol.2025.114620","DOIUrl":"10.1016/j.enpol.2025.114620","url":null,"abstract":"<div><div>This study investigates the techno-economic impacts of various pricing policies on a photovoltaic (PV) system combined with battery energy storage (BES) as a single integrated system within a Dutch residential building. With the increasing adoption of PV systems, managing reverse power flow and grid stability becomes crucial. The study evaluates different scenarios, including net metering, feed-in tariffs (FiT) with time-of-use (TOU), RTP pricing, and subsidised BES. Using a multi-objective genetic algorithm, the optimal size and charging/discharging patterns of the PV-BES system were determined. The optimisation simultaneously minimises the Net Present Cost (NPC) and maximises the Self-Consumption Rate (SCR), to determine the PV-BES size that achieves an optimal balance between economic and technical performance. Results indicate that RTP pricing significantly enhances SCR. While the levelised cost of electricity (LCOE) and payback periods (PBP) are initially higher in the RTP pricing scenario, subsidising BES can mitigate these disadvantages. Additionally, incorporating price limit control variables into the energy management system (EMS) optimises the charging/discharging cycles, extending BES lifetimes and potentially increasing future revenues. These findings provide insights for policymakers to balance economic benefits and grid technical requirements through effective PV-BES integration.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"204 ","pages":"Article 114620"},"PeriodicalIF":9.3,"publicationDate":"2025-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143886024","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
Raw material demand and geopolitical risk in carbon-neutral futures 碳中和期货中的原材料需求和地缘政治风险
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-29 DOI: 10.1016/j.enpol.2025.114622
Tobias Naegler , Sebastian Rauner , Alois Dirnaichner , Patrick Jochem , Steffen Schlosser , Gunnar Luderer
{"title":"Raw material demand and geopolitical risk in carbon-neutral futures","authors":"Tobias Naegler ,&nbsp;Sebastian Rauner ,&nbsp;Alois Dirnaichner ,&nbsp;Patrick Jochem ,&nbsp;Steffen Schlosser ,&nbsp;Gunnar Luderer","doi":"10.1016/j.enpol.2025.114622","DOIUrl":"10.1016/j.enpol.2025.114622","url":null,"abstract":"<div><div>Raw materials are essential for robust global pathways towards carbon-neutral futures. However, many raw materials are subject to geopolitical risks, meaning that potential supply bottlenecks can be an obstacle to a rapid transformation of the energy system towards carbon neutrality. In order to investigate this in more detail, we combine integrated assessment modelling, material flow analysis and a scenario-level geopolitical risk assessment in this study. We show that the total raw material demand for construction and operation of the energy and transport system decreases when considering both, fossil fuels and non-fuel raw materials for the construction of technologies. However, the expected sharp increase in demand for many raw materials in clean energy and transport technologies requires a steep ramp-up of the global raw material production to avoid supply shortages and corresponding price increases. Ambitious system transformation leads to lower total raw material costs compared to a business-as-usual scenario and – depending on assumptions on raw material price development – than today. Finally, scenario-level geopolitical supply risk factors (country concentration and weighted country risk of raw material supply) depend only weakly on the degree of defossilization of the energy and transport system. The declining raw material costs are thus the main driver for a considerable reduction in geopolitical-economic dependencies of ambitious climate protection compared to business-as-usual strategies.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"204 ","pages":"Article 114622"},"PeriodicalIF":9.3,"publicationDate":"2025-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143886068","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 impact of best practice on energy efficiency in industrial decarbonization policy 工业脱碳政策中最佳实践对能源效率的影响
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-28 DOI: 10.1016/j.enpol.2025.114632
Mohammed Ali, Steve Evans
{"title":"The impact of best practice on energy efficiency in industrial decarbonization policy","authors":"Mohammed Ali,&nbsp;Steve Evans","doi":"10.1016/j.enpol.2025.114632","DOIUrl":"10.1016/j.enpol.2025.114632","url":null,"abstract":"<div><div>Energy efficiency is essential for addressing the economic, energy, and environmental challenges faced by industrial sectors and government bodies. While traditional efforts have focused on technological improvements, the literature shows that adopting management-based best practices can contribute to industrial sustainability. This study examines the role of best practice on energy intensity and efficiency in the UK's industrial sector. To validate the model, existing energy decomposition models were used to benchmark the analysis against established standards and best practices, to ensure the model's reliability and practical application. The data reveals that organisations adopting best practices achieve more than double the industrial average energy intensity efficiency standard. The results underscore the pivotal role of best practices in bolstering industrial competitiveness and sustainability. Best practices have largely gone unrecognized in industrial policy, despite the potential to generate substantial efficiency gains and to mitigate the risks associated with industrial decarbonization and reliance on technologies.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"204 ","pages":"Article 114632"},"PeriodicalIF":9.3,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143883024","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
Exploring user willingness to adopt vehicle-to-grid (V2G): A statistical analysis of stated intentions 探索用户采用车辆到电网(V2G)的意愿:对陈述意图的统计分析
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-27 DOI: 10.1016/j.enpol.2025.114619
Jerico Bakhuis , Natalia Barbour , Émile J.L. Chappin
{"title":"Exploring user willingness to adopt vehicle-to-grid (V2G): A statistical analysis of stated intentions","authors":"Jerico Bakhuis ,&nbsp;Natalia Barbour ,&nbsp;Émile J.L. Chappin","doi":"10.1016/j.enpol.2025.114619","DOIUrl":"10.1016/j.enpol.2025.114619","url":null,"abstract":"<div><div>The vehicle-to-grid (V2G) innovation—which enables electric vehicles to return stored electricity to the grid—holds significant potential to support renewable energy integration and electric vehicle adoption. Despite growing interest in V2G, there is still limited understanding of user preferences and the factors influencing decision-making. To explore this, we conducted a stated intention study with 1018 participants, examining their likelihood of participating, and their primary drivers and barriers. Our analysis—using a random parameters order probit model and mixed logit models—revealed that most respondents were likely to participate (42%) or remained neutral (32%). Financial incentives were the primary driver (49%), followed by electricity grid-stability (26%) and environmental (25%) factors. The main barrier for most was loss of flexibility (55%), followed by battery degradation (27%) and data concerns (18%). The study highlights how user characteristics—including socio-demographic, household, car use, and attitude factors—influence these preferences. Finally, we provide policy recommendations, including targeted education and communication, income-based incentives, accessible charging infrastructure, and a regulatory framework supportive to technology development and user protections.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"203 ","pages":"Article 114619"},"PeriodicalIF":9.3,"publicationDate":"2025-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143876678","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
Do high power prices slow electrification? Some panel data evidence 高电价会减缓电气化吗?一些面板数据证据
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-26 DOI: 10.1016/j.enpol.2025.114630
Hillard Huntington
{"title":"Do high power prices slow electrification? Some panel data evidence","authors":"Hillard Huntington","doi":"10.1016/j.enpol.2025.114630","DOIUrl":"10.1016/j.enpol.2025.114630","url":null,"abstract":"<div><div>Electrifying household and economic activity remain a cornerstone of the transition towards deep decarbonization. This analysis conducts a cross-country evaluation through a pooled mean-group model based upon 33 OECD nations since 1980. Electrification is defined as electricity's share of the total energy system. The results show that electrification would have decreased by approximately 13–31 percent below other countries if the electricity price level had increased above other countries by 100 percent. Additional sensitivities show that symmetry between this response between price increases and price decreases depends upon whether GDP is exogenous. These estimates highlight the critical importance of finding new generation, transmission and distribution technologies that both reduce emissions and remain cost competitive. They also emphasize that any successful transition pathway must price electric power competitively based upon the opportunity costs of providing power. Efforts to bundle costly social programs and other expenses into power prices should be avoided.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"203 ","pages":"Article 114630"},"PeriodicalIF":9.3,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143874166","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
Redefining responsibility for China energy-related methane emission reductions: An embodied perspective driven by consumption 重新定义中国与能源相关的甲烷减排责任:消费驱动的体现视角
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-23 DOI: 10.1016/j.enpol.2025.114646
Weijin Qian, Liming Yao, Wenting Zhan
{"title":"Redefining responsibility for China energy-related methane emission reductions: An embodied perspective driven by consumption","authors":"Weijin Qian,&nbsp;Liming Yao,&nbsp;Wenting Zhan","doi":"10.1016/j.enpol.2025.114646","DOIUrl":"10.1016/j.enpol.2025.114646","url":null,"abstract":"<div><div>Energy-related methane (ERM) emissions constitute the primary source of anthropogenic methane emissions, attracting significant attention from policymakers and researchers globally. While existing research focuses predominantly on producer carbon emission reduction responsibility, limited attention has been paid to embodied ERM emissions transfer and inter-provincial trade-driven reduction responsibilities. This study employs Multi-Regional Input-Output (MRIO) modeling and Logarithmic Mean Divisia Index (LMDI) method to analyze production and consumption-based embodied ERM emissions in China. Results reveal significant embodied ERM emission transfers from energy-rich to developed provinces due to regional energy production-consumption disparities. Driving factor analysis indicates that energy consumption intensity emerges as the primary reduction driver, while economic activity effect, emission structure intensity, and population scale contribute to increased emissions, with varying provincial impacts. In light of these findings, we recommend incorporating embodied ERM emissions into provincial reduction responsibilities and developing locally tailored strategies from both production and consumption perspectives that align with SDGs 7, 12, and 13. These practical and managerial insights provide valuable guidance for emerging economies undergoing industrialization and urbanization.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"203 ","pages":"Article 114646"},"PeriodicalIF":9.3,"publicationDate":"2025-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143864721","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
Women as catalysts: Eco-literacy and adoption of energy-efficient appliances for a sustainable lifestyle 妇女作为催化剂:生态知识和采用节能电器以实现可持续的生活方式
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-23 DOI: 10.1016/j.enpol.2025.114650
Alka Rai , Vishal Singh Patyal , Sudhir Ambekar
{"title":"Women as catalysts: Eco-literacy and adoption of energy-efficient appliances for a sustainable lifestyle","authors":"Alka Rai ,&nbsp;Vishal Singh Patyal ,&nbsp;Sudhir Ambekar","doi":"10.1016/j.enpol.2025.114650","DOIUrl":"10.1016/j.enpol.2025.114650","url":null,"abstract":"<div><div>Household energy usage is a primary focus of energy efficiency research due to its substantial potential for energy conservation and climate change mitigation over a long term. Policymakers worldwide have begun formulating regulations and taking initiatives to change behavior across communities. This research adopts the theory of planned behavior (TPB) to examine women’s perspectives on energy-efficient appliances (EEAs) leading to household low-carbon behavior. The model explores the role of “attitude”, “subjective norms”, and “perceived behavior control” in shaping the “purchase intent” toward EEAs. The study introduces explicitly contextual antecedents such as “environmental consciousness” that play a key role in capturing household “purchase intentions”. The study employs the structural equation modeling technique, measuring structural paths for direct and indirect relationships between multiple constructs. The findings show that “attitude”, “subjective norms”, and “perceived behavior control” positively predict the “purchase intent” for EEAs, leading to low carbon behavior, with significant moderation of “eco-literacy” in the model. Introducing “eco-literacy” as a moderator helps policymakers decide their efforts to promote environmental consciousness.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"203 ","pages":"Article 114650"},"PeriodicalIF":9.3,"publicationDate":"2025-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143864720","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
Policy relevant lessons from research on renewable energy auctions 可再生能源拍卖研究的政策相关经验教训
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-19 DOI: 10.1016/j.enpol.2025.114624
Vasilios Anatolitis , Pablo del Río , Lena Kitzing , Oscar Fitch-Roy , László Szabó
{"title":"Policy relevant lessons from research on renewable energy auctions","authors":"Vasilios Anatolitis ,&nbsp;Pablo del Río ,&nbsp;Lena Kitzing ,&nbsp;Oscar Fitch-Roy ,&nbsp;László Szabó","doi":"10.1016/j.enpol.2025.114624","DOIUrl":"10.1016/j.enpol.2025.114624","url":null,"abstract":"<div><div>Renewable energy auctions have emerged globally as a primary tool for promoting electricity from renewable energy sources (RES-E) by awarding operational support to projects that bid the lowest level of required support. While their widespread adoption reflects perceived efficiency advantages over other support mechanisms, such as administratively-set tariffs, the effectiveness of RES-E auctions in meeting policy objectives is highly sensitive to specific design elements. This paper synthesizes policy-relevant insights from extensive research in the EU-funded AURES II project, which has analysed renewable energy auctions in diverse contexts with a focus on European countries. Key findings from the AURES II project address how auction design influences outcomes across multiple criteria, such as cost-effectiveness and project realisation rates. The paper highlights both successes and challenges in auction implementation, emphasizing the common trade-offs between policy objectives. Results underscore that well-designed auctions can promote RES-E efficiently, but also caution that suboptimal design can lead to unintended outcomes. Based on these findings, the paper offers forward-looking recommendations to guide policymakers in optimizing auction design to balance policy goals and enhance renewable energy deployment.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"203 ","pages":"Article 114624"},"PeriodicalIF":9.3,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143847567","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
Value-led fusion technology: A framework for guiding fusion commercialisation strategy 价值导向的融合技术:指导融合商业化战略的框架
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-19 DOI: 10.1016/j.enpol.2025.114576
S.H. Ward, N.J. Lopes Cardozo
{"title":"Value-led fusion technology: A framework for guiding fusion commercialisation strategy","authors":"S.H. Ward,&nbsp;N.J. Lopes Cardozo","doi":"10.1016/j.enpol.2025.114576","DOIUrl":"10.1016/j.enpol.2025.114576","url":null,"abstract":"<div><div>A value-led perspective is proposed as a basis for optimising development of commercial fusion technologies. Strategic consequences are outlined, including recommendations for maximising the value generated by global research programmes in aggregate. Specifically: A wide variety of small devices, capable of delivering heat, should be all explored as soon as possible, in parallel, and likely with considerably larger funding efforts than are exerted today. To maximise these uncertain benefits brought by a potential, future fusion industry, comprehensive measures of value should be embedded within decision and design processes — from national strategies to individual device components.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"203 ","pages":"Article 114576"},"PeriodicalIF":9.3,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143850462","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
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