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Fission for funds: The financing of nuclear power plants 裂变换资金:核电站的融资
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-22 DOI: 10.1016/j.enpol.2024.114382
Jens Weibezahn , Björn Steigerwald
{"title":"Fission for funds: The financing of nuclear power plants","authors":"Jens Weibezahn ,&nbsp;Björn Steigerwald","doi":"10.1016/j.enpol.2024.114382","DOIUrl":"10.1016/j.enpol.2024.114382","url":null,"abstract":"<div><div>The increasing decarbonisation pressure together with recent energy price shocks is fuelling a revived debate on new nuclear generation capacity in many European states. In this paper, we provide a synopsis of financing models currently being applied or under development for newly built nuclear power plants in Europe (with excursions to Türkiye and the United States), catering to the special risk profile of such projects. We find that nuclear power plant projects in Europe to a large extent only become bankable if a government is involved in de-risking the investment for private investors – eventually involving the exposure of taxpayers or ratepayers to the project risks.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114382"},"PeriodicalIF":9.3,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142527829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An integrated policy approach for sustainable decarbonization pathways of energy system in a city under climate change scenarios 气候变化情景下城市能源系统可持续脱碳路径的综合政策方法
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-22 DOI: 10.1016/j.enpol.2024.114394
Ali Akbar Rezazadeh, Akram Avami
{"title":"An integrated policy approach for sustainable decarbonization pathways of energy system in a city under climate change scenarios","authors":"Ali Akbar Rezazadeh,&nbsp;Akram Avami","doi":"10.1016/j.enpol.2024.114394","DOIUrl":"10.1016/j.enpol.2024.114394","url":null,"abstract":"<div><div>An integrated assessment model has been developed to estimate useful energy demand, followed by an optimization model for planning the energy supply. Four scenarios have been developed. The findings of this study highlight the impact of behavioral, climate change, and socio-economic factors on energy demand and supply. Specifically, these factors can lead to significant variations in demand, such as a more than 3.48-fold difference in cooling demand or a 1.75-fold difference in the transportation demand by cars across various scenarios.</div><div>The use of a dual-fuel car and electric motorcycle is suggested in all scenarios. Waste processing has been done with a landfill in all scenarios except in the final years of the net-zero emission target scenario, where an incinerator is proposed. The supply model for electricity generation in the early years suggests the combined cycle power plant followed by solar energy at the end. However, in the low-cost electricity scenario, it is always suggested to import electricity. The sensitivity analysis showed that the emission penalty and electricity price are the most important parameters. The results of this study will help policymakers and decision-makers in energy system planning and provide researchers with appropriate information, tools, and methods for future research.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114394"},"PeriodicalIF":9.3,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528555","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 bottom-up and top-down governance of community energy initiatives affects citizens’ perceptions, acceptability, and willingness to join 社区能源倡议自下而上和自上而下的管理如何影响公民的看法、接受度和参与意愿
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-19 DOI: 10.1016/j.enpol.2024.114389
Lise Jans , Fleur Goedkoop , Goda Perlaviciute , Karen Hamann , Torsten Masson , Bram Burgerhof
{"title":"How bottom-up and top-down governance of community energy initiatives affects citizens’ perceptions, acceptability, and willingness to join","authors":"Lise Jans ,&nbsp;Fleur Goedkoop ,&nbsp;Goda Perlaviciute ,&nbsp;Karen Hamann ,&nbsp;Torsten Masson ,&nbsp;Bram Burgerhof","doi":"10.1016/j.enpol.2024.114389","DOIUrl":"10.1016/j.enpol.2024.114389","url":null,"abstract":"<div><div>Community energy initiatives (CEIs) can potentially foster a sustainable energy transition. Yet, few citizens participate in them. This paper examines how CEI governance influences their appeal. We propose that community members' and external parties' (municipality and/or enterprises) involvement in CEI governance affects their appeal through different pathways. Whereas external parties' involvement may boost the CEI's perceived collective efficacy to advance a sustainable transition, community members' involvement may enhance perceived identity leadership, reflecting the extent to which the initiative is fostering ‘us’ as a local community. Results of three experimental studies and surveys (<em>N</em><sub>total</sub> = 3135) conducted in four EU countries show that community members' involvement, but not external parties' involvement, in CEI governance promotes perceived efficacy and identity leadership of the CEI, and thereby its acceptability and people's willingness to join. This has important policy implications for increasing citizen participation in CEIs and the sustainable energy transition.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114389"},"PeriodicalIF":9.3,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142527837","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Conceptualizing an interpretative framework for energy transition among Italian innovative small and medium enterprises 意大利创新型中小企业能源转型解释框架的概念化
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-19 DOI: 10.1016/j.enpol.2024.114392
Antonio Thomas , Giuseppe Scandurra , Alfonso Carfora
{"title":"Conceptualizing an interpretative framework for energy transition among Italian innovative small and medium enterprises","authors":"Antonio Thomas ,&nbsp;Giuseppe Scandurra ,&nbsp;Alfonso Carfora","doi":"10.1016/j.enpol.2024.114392","DOIUrl":"10.1016/j.enpol.2024.114392","url":null,"abstract":"<div><div>Energy transition (ET) is becoming essential for most countries worldwide. Companies can only adapt their behaviours to the objectives set by countries’ institutions. A new research stream has thus emerged, which investigates the factors facilitating ET among companies. To date, less attention has been paid to small and medium-sized enterprises (SMEs). One of the greatest difficulties in examining SMEs is their extreme heterogeneity, making results difficult to interpret.</div><div>This study analyses the factors supporting ET among a specific population of companies in a defined territorial context: the so-called innovative SMEs belonging to a special Italian database. The high propensity towards eco-environmental innovations characterizing these SMEs and their inclination towards sustainable development suggests that their experience represents a prospective path that policymakers could adopt for other types of SMEs.</div><div>Through a partial least squares analysis of data collected from these SMEs, outcomes show that the only factor supporting the ET is the sensitivity of these economic organizations towards energy issues developed over time; that is, the corporate culture with regard to sustainability.</div><div>This result is only seemingly surprising under the specific features of these SMEs. Conversely, it presupposes new implications regarding policy measures, questioning the traditional approach based on providing incentives and/or regulations.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114392"},"PeriodicalIF":9.3,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528553","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A legal-economic framework of wholesale electricity markets: Assessing Australia's transition 电力批发市场的法律经济框架:评估澳大利亚的过渡
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-18 DOI: 10.1016/j.enpol.2024.114377
Zsuzsanna Csereklyei , Anne Kallies
{"title":"A legal-economic framework of wholesale electricity markets: Assessing Australia's transition","authors":"Zsuzsanna Csereklyei ,&nbsp;Anne Kallies","doi":"10.1016/j.enpol.2024.114377","DOIUrl":"10.1016/j.enpol.2024.114377","url":null,"abstract":"<div><div>Recent years have seen a surge in renewable generation investment in many countries, displacing traditional fossil-fuel generation at scale. Clean energy transitions have amplified existing problems of wholesale market designs and introduced new ones, including, but not limited to maintaining system resilience and reliability and ensuring adequate future investment levels. We develop an integrated legal-economic framework of wholesale electricity markets under transition conditions. The framework explains the dynamic interplay between different levels of electricity market regulation, regulatory objectives, policy instruments, market outcomes and electricity system objectives. The novelty arises from our separation and definition of the two main levels of (energy) law and regulation shaping electricity market design and their unique impact on market and system outcomes. We show that understanding and targeting the different levels of regulation matters for successfully addressing transition problems. We demonstrate the framework on the example of Australia's National Electricity Market.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114377"},"PeriodicalIF":9.3,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142446640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Investing in the future of mobility: The role of US local governments in building EV infrastructure 投资未来交通:美国地方政府在建设电动汽车基础设施中的作用
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-18 DOI: 10.1016/j.enpol.2024.114372
Bruce E. Cain , Elisabeth R. Gerber , Nathan Lee , Susan Miller
{"title":"Investing in the future of mobility: The role of US local governments in building EV infrastructure","authors":"Bruce E. Cain ,&nbsp;Elisabeth R. Gerber ,&nbsp;Nathan Lee ,&nbsp;Susan Miller","doi":"10.1016/j.enpol.2024.114372","DOIUrl":"10.1016/j.enpol.2024.114372","url":null,"abstract":"<div><div>As US local governments take on increasingly important roles in building out the infrastructure required to support a large-scale shift to electric vehicles, what factors motivate their decisions? Are they more responsive to bottom-up pressures from within their jurisdictions or top-down incentives or constraints from the state and national governments? We test hypotheses about the drivers of local government decision-making with data from a recent survey of US local government officials. Leveraging the unique timing of our study, which was launched just after massive new federal resources were announced, we find that bottom-up pressures remain central drivers of local government action. These results shed new light on the role of local government in the development of new infrastructure systems, in general, and in the transition to a national electric vehicle network, in particular.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114372"},"PeriodicalIF":9.3,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142446639","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
Towards common prosperity: The role of mitigating energy inequality 实现共同繁荣:缓解能源不平等的作用
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-17 DOI: 10.1016/j.enpol.2024.114386
Yang Liu , Junying Du , Kun Wang
{"title":"Towards common prosperity: The role of mitigating energy inequality","authors":"Yang Liu ,&nbsp;Junying Du ,&nbsp;Kun Wang","doi":"10.1016/j.enpol.2024.114386","DOIUrl":"10.1016/j.enpol.2024.114386","url":null,"abstract":"<div><div>China's economy is growing at an impressive pace, but it also reveals some issues with uneven and inadequate development. This is particularly evident in the energy sector, where renewable energy is making rapid progress, but energy inequality remains a persistent concern that could impede efforts to achieve common prosperity. This paper analyzes the challenges posed by energy inequality to achieving common prosperity in China. This study analyzes the influence of energy inequality on common prosperity using the system-generalized method of moments (SYS-GMM) technique. The study results indicate that energy inequality has a significant negative impact on common prosperity. This Research also conducts a mechanism analysis, which demonstrates that energy inequality has an indirect impact on reducing common prosperity by decreasing labor productivity and increasing air pollution. In addition, the heterogeneity analysis also shows that in regions with high levels of energy inequality and high levels of common prosperity, as well as in western regions, the problem of energy inequality has a more significant obstructive effect on achieving common prosperity. Drawing from the findings, this study suggests several policy implications that the Chinese government can implement to address energy inequality and promote common prosperity.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114386"},"PeriodicalIF":9.3,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142446636","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
Going beyond the Council as brake of EU energy policy: Analysing the internal process of the Council in the recast of the Energy Performance of Buildings Directive 超越作为欧盟能源政策制动器的理事会:分析理事会在重新制定《建筑物能效指令》中的内部程序
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-16 DOI: 10.1016/j.enpol.2024.114388
Martin Björklund , Fredrik von Malmborg , Lina La Fleur , Johan Nordensvärd
{"title":"Going beyond the Council as brake of EU energy policy: Analysing the internal process of the Council in the recast of the Energy Performance of Buildings Directive","authors":"Martin Björklund ,&nbsp;Fredrik von Malmborg ,&nbsp;Lina La Fleur ,&nbsp;Johan Nordensvärd","doi":"10.1016/j.enpol.2024.114388","DOIUrl":"10.1016/j.enpol.2024.114388","url":null,"abstract":"<div><div>The Council is the voice of the member states' governments in the EU policymaking process and the institutional setting where member states can enforce their national interest. The literature on Council decision-making has previously mostly used expert interviews or voting patterns. Through a detailed examination of one specific legislative file in the recent ‘Fit for 55’ climate package in which subsidiarity and varying national conditions is central, this study focus on how disagreements between member states are resolved and how strategic word framing can aid in resolving political controversies in EU energy policy. This article analyses Council working group meeting notes and revisions of the recent recast of the Energy Performance of Buildings Directive, providing a unique look behind the curtains of negotiations between member states in the Council within a deliberative intergovernmental framework. A mix of quantitative and qualitative text analysis is applied to deliberations and legislative revisions. The findings show that a fragile consensus is reached despite disagreement through enabling of national flexibility in policy decisions, indicating that the Council determines the speed of European integration in the policy domain.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":""},"PeriodicalIF":9.3,"publicationDate":"2024-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142441436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Economy-wide impact of targeting and repurposing fossil fuel subsidies in Malaysia 马来西亚化石燃料补贴的针对性和再利用对整个经济的影响
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-12 DOI: 10.1016/j.enpol.2024.114373
Ibrahim Shittu , Abdul Rais Abdul Latiff , Siti ‘Aisyah Baharudin , Saidatulakmal Mohd
{"title":"Economy-wide impact of targeting and repurposing fossil fuel subsidies in Malaysia","authors":"Ibrahim Shittu ,&nbsp;Abdul Rais Abdul Latiff ,&nbsp;Siti ‘Aisyah Baharudin ,&nbsp;Saidatulakmal Mohd","doi":"10.1016/j.enpol.2024.114373","DOIUrl":"10.1016/j.enpol.2024.114373","url":null,"abstract":"<div><div>Fossil fuel subsidy reform is a critical strategy for fostering cleaner energy systems and promoting sustainable development. The Malaysian government has signalled commitments to implement a targeted fuel subsidy reform where vulnerable households would be unaffected by the direct impact of higher fuel prices even after the reform. But despite this commitment, little is known about the economy-wide impact of the reform. This study employs a dynamic Computable General Equilibrium (CGE) model to examine the economic, social, and environmental impact of a targeted fuel subsidy removal in Malaysia under a spontaneous and gradual implementation scenario. The research also explores the impact of direct cash transfers to households and reinvestment in key sectors of the economy in the aftermath of the reform. Results from the study show that subsidy removal brings positive gains to the Malaysian economy in the medium to long term. Sequencing the phaseout of subsidies, providing compensation to vulnerable households, and reinvesting in education, health, transportation, and food assistance helps to avoid short-term adverse effects on households and output. The study recommends the need for a gradual removal of fuel subsidies that is accompanied by cash transfers to vulnerable households and investment in key sectors of the economy.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114373"},"PeriodicalIF":9.3,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142421098","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
Social recognition, goal setting, and energy conservation: Evidence from a field experiment in student dormitories 社会认可、目标设定和节能:来自学生宿舍实地实验的证据
IF 9.3 2区 经济学
Energy Policy Pub Date : 2024-10-11 DOI: 10.1016/j.enpol.2024.114370
Botao Qin , Siyuan Xie , Chenyang Xu
{"title":"Social recognition, goal setting, and energy conservation: Evidence from a field experiment in student dormitories","authors":"Botao Qin ,&nbsp;Siyuan Xie ,&nbsp;Chenyang Xu","doi":"10.1016/j.enpol.2024.114370","DOIUrl":"10.1016/j.enpol.2024.114370","url":null,"abstract":"<div><div>Non-monetary incentives are increasingly being studied in encouraging energy conservation. In light of this, we conducted a natural field experiment in student dormitories to assess the effect of social recognition and goal setting on electricity saving and the intrinsic motivation to save energy. Using a difference-in-difference model, we found that goal setting reduced the dormitories’ electricity consumption by 15.93% on average compared to the control group. However, social recognition was not effective on average. In addition, the study found that both social recognition and goal setting, on average, did not crowd out or crowd in the intrinsic motivation to save electricity in dormitories. The heterogeneity analysis showed that dormitory characteristics affect the crowding effect on the intrinsic motivation.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114370"},"PeriodicalIF":9.3,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142421093","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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