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The influence of coal price uncertainty on investment and consumption dynamics: Evidence from China
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-02-02 DOI: 10.1016/j.enpol.2025.114517
Boqiang Lin, Tianxu Lan
{"title":"The influence of coal price uncertainty on investment and consumption dynamics: Evidence from China","authors":"Boqiang Lin,&nbsp;Tianxu Lan","doi":"10.1016/j.enpol.2025.114517","DOIUrl":"10.1016/j.enpol.2025.114517","url":null,"abstract":"<div><div>Coal, being a pivotal energy source in China, exerts a profound influence on investment and consumption, thereby shaping market supply-demand dynamics and economic trajectories. By employing the local projection method, this research delves into the impacts of coal price uncertainty shocks (CPU) on investment and consumption across various Chinese provinces. The key findings of the article are as follows: (1) CPU shocks exert a significant suppressive effect on both investment and consumption in China; (2) the influence of CPU on consumption and investment exhibits notable regional heterogeneity and nonlinear characteristics; (3) By integrating the regime-switching model, the study differentiates China's new energy development into high and low stages. The results demonstrate that the new energy advancement effectively alleviates the negative impacts of CPU on investment and consumption. Finally, based on these findings, the article offers targeted policy recommendations.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114517"},"PeriodicalIF":9.3,"publicationDate":"2025-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099654","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 cooking characteristics and household amenities matter for cooking fuel choice, clean fuel transition, and clean fuel consumption in India?
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-31 DOI: 10.1016/j.enpol.2025.114510
Krishan Sharma , Nida Rahman
{"title":"Do cooking characteristics and household amenities matter for cooking fuel choice, clean fuel transition, and clean fuel consumption in India?","authors":"Krishan Sharma ,&nbsp;Nida Rahman","doi":"10.1016/j.enpol.2025.114510","DOIUrl":"10.1016/j.enpol.2025.114510","url":null,"abstract":"<div><div>This study examines the underexplored yet critical role of cooking characteristics and household amenities in shaping cooking fuel choices, transitions between fuels and LPG consumption in India. Cooking characteristics refers to aspects of cooking behaviour, practices, and conditions within a household including factors such as the presence of separate kitchen, kitchen ventilation, the person responsible for cooking, cooking duration, the number of meals prepared, and the availability of modern stoves. Together, these factors significantly influence fuel choice behaviour. The findings reveal that households with separate kitchens are more likely to adopt, rely, and consume LPG. Ventilated kitchens support transitions to cleaner fuels, while having a domestic help affects LPG expenditure but not the fuel choices. Shorter cooking durations encourage LPG adoption, while preparing more meals raises the risk of reverting to unclean fuels. Finally, modern stove strongly promotes LPG usage and consumption. Similarly, households with safe drinking water and toilet facilities are inclined to choose LPG, however, the effect of electricity access is moderated by electricity quality. These findings have important implications, especially for achieving the Sustainable Development Goals (SDGs). In short-run policies should focus on improving kitchen ventilation and subsidising modern stoves. In long-run policies must enhance overall cooking environments to reduce the gendered burden of cooking, improve cooking efficiency, while promoting access to basic amenities having spillover effects on energy choices.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114510"},"PeriodicalIF":9.3,"publicationDate":"2025-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099547","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
Implementing Seoul's greenhouse gas management in buildings: Insights from the SICE model
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-30 DOI: 10.1016/j.enpol.2025.114511
In Chang Hwang, Yoonhye Yi, Hyun-jung Lee, Jong-rak Baek
{"title":"Implementing Seoul's greenhouse gas management in buildings: Insights from the SICE model","authors":"In Chang Hwang,&nbsp;Yoonhye Yi,&nbsp;Hyun-jung Lee,&nbsp;Jong-rak Baek","doi":"10.1016/j.enpol.2025.114511","DOIUrl":"10.1016/j.enpol.2025.114511","url":null,"abstract":"<div><div>The paper provides a detailed analysis of the newly introduced greenhouse gas emission limits scheme in Seoul, assessing its impact on reducing GHG emissions within the building sector. This is particularly valuable as buildings constitute a major source of emissions in urban areas. By applying the Stock-turnover, Integrated model of Climate and Environment (SICE) model, the paper offers a comprehensive evaluation of how changes in policy and socioeconomic factors affect GHG emissions. This model helps in understanding the dynamics between building sector emissions and broader environmental goals. The study evaluates the effectiveness of current building GHG management policies and suggests that while existing measures have some impact, they are insufficient when considered against ambitious carbon neutrality goals. It underscores the limitations of current approaches focused predominantly on new buildings and voluntary compliance. Based on the findings, the paper offers specific recommendations for enhancing GHG management in the building sector. It advocates for the inclusion of existing buildings in GHG reduction strategies and suggests the implementation of mandatory regulations, rather than solely relying on voluntary compliance. By examining the Seoul model in the context of global urban policy approaches, the study contributes insights that can inform both local and international strategies for urban GHG management.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114511"},"PeriodicalIF":9.3,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094961","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
Navigating the rise of energy communities in Estonia: Challenges and successes through case studies
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-29 DOI: 10.1016/j.enpol.2025.114514
Maarja Meitern
{"title":"Navigating the rise of energy communities in Estonia: Challenges and successes through case studies","authors":"Maarja Meitern","doi":"10.1016/j.enpol.2025.114514","DOIUrl":"10.1016/j.enpol.2025.114514","url":null,"abstract":"<div><div>This study explores the emergence and development of energy communities (ECs) in Estonia, emphasizing the challenges and successes encountered. ECs are integral to the European Union's Clean Energy Package, which aims to include citizens in the energy transition. Unlike countries with a longstanding tradition of ECs, Estonia faced a new empirical concept with the introduction of the European directives. Utilizing a comparative case study framework approach, this research combines desk research, stakeholder workshops, and case study interviews to analyze five diverse EC initiatives in Estonia. The findings reveal that the first successful pilots are essential for any wide-scale rise of ECs. Despite challenges, several successful case studies showcase the potential for ECs. Key success factors include strong local leadership, effective communication strategies, municipal support, and clear business models. The study underscores the importance of proactive roles from the state and distribution system operators and highlights the need for legislative improvements to support ECs. This research fills a critical gap in the literature by providing insights into the unique dynamics in Estonia. It offers practical recommendations for policymakers and stakeholders to enhance the scalability and sustainability of these initiatives, emphasizing the need to overcome structural barriers and foster collaboration.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114514"},"PeriodicalIF":9.3,"publicationDate":"2025-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143156881","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 local CO2 mitigation strategies in transportation under ambitious national policies – A participatory energy system modelling approach
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-28 DOI: 10.1016/j.enpol.2025.114513
Jonas Forsberg , Carina Lundmark , Anna Krook-Riekkola
{"title":"Exploring local CO2 mitigation strategies in transportation under ambitious national policies – A participatory energy system modelling approach","authors":"Jonas Forsberg ,&nbsp;Carina Lundmark ,&nbsp;Anna Krook-Riekkola","doi":"10.1016/j.enpol.2025.114513","DOIUrl":"10.1016/j.enpol.2025.114513","url":null,"abstract":"<div><div>Sweden has adopted ambitious climate targets which require deep cuts in CO<sub>2</sub> emissions from transportation. To achieve this, policies to incentivise road vehicle electrification and progressive blending-in of biofuels have been adopted. Many local governments have committed to doing their share, but the impact of local strategies remains unclear. Here, locally rooted mitigation strategies are explored by applying an iterative participatory energy-system modelling approach with multiple researcher-practitioner interactions stretching over two years. A comprehensive Energy System Optimisation Model (ESOM) was used to assess the impact of local mitigation strategies in 15 municipalities, under a set of existing ambitious national policies. The results show that, while local strategies can help reduce energy-related CO<sub>2</sub> emissions, their direct impact is reduced under ambitious national policies that significantly cut CO<sub>2</sub>. Still, local mobility management strategies can help cut total final energy demand and have local benefits such as improved air quality and reduced traffic noise. Local policymakers should put a stronger emphasis on such benefits. Finally, the long-term participatory approach was a resource-intensive undertaking, but it helped to build practitioners’ trust and created an environment for mutual learning and a deeper understanding of the impact of different mitigation options in the local context.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114513"},"PeriodicalIF":9.3,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094960","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
Evaluating the economic and environmental impacts of distributed photovoltaic policy: Insights from county-level data in China
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-28 DOI: 10.1016/j.enpol.2025.114509
Yubao Wang , Junjie Zhen
{"title":"Evaluating the economic and environmental impacts of distributed photovoltaic policy: Insights from county-level data in China","authors":"Yubao Wang ,&nbsp;Junjie Zhen","doi":"10.1016/j.enpol.2025.114509","DOIUrl":"10.1016/j.enpol.2025.114509","url":null,"abstract":"<div><div>Distributed photovoltaic (DPV) construction has a positive effect on environmental protection and energy security, and a notable significance in promoting economic development and improving people's livelihoods. However, existing research lacks empirical evidence assessing the integrated implementation effects of DPV construction policy. To bridge this knowledge gap, this study employs a difference-in-differences model to investigate the effects of DPV construction policy in China, covering 1766 county-level administrative regions in China from 2011 to 2019. The findings reveal that DPV construction effectively combines the dual benefits of emissions reduction and economic growth. On average, DPV construction reduces local carbon emissions by approximately 6.21% and increases per capita GDP by around 3.22% compared with the control group. Analysis of the underlying mechanisms indicates that DPV construction has several key impacts. First, it facilitates the transformation of resource-dependent cities, resulting in emissions reduction. Second, it generates economic development opportunities in rural areas with abundant solar energy resources, enabling regions to convert resource advantages into economic benefits. This study yields significant practical evidence and provides valuable insights for advancing the synergistic development of economic growth and low-carbon environmental protection using DPV.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114509"},"PeriodicalIF":9.3,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099652","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
Financial inclusion, mental health, and energy poverty: Evidence from China
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-28 DOI: 10.1016/j.enpol.2025.114508
Zhiyang Wang , Shuyang Wen , Wei Zhang , Yao Zou
{"title":"Financial inclusion, mental health, and energy poverty: Evidence from China","authors":"Zhiyang Wang ,&nbsp;Shuyang Wen ,&nbsp;Wei Zhang ,&nbsp;Yao Zou","doi":"10.1016/j.enpol.2025.114508","DOIUrl":"10.1016/j.enpol.2025.114508","url":null,"abstract":"<div><div>Alleviating energy poverty (EP) is crucial for advancing energy justice. This study tests the impact of financial inclusion on EP and finds the important mechanistic role of mental health in it. We use the data from the 2014–2018 China Family Panel Studies and the probit model to examine financial inclusion's influence on household EP. The empirical results reveal that financial inclusion significantly alleviates household EP; this conclusion holds after conducting a series of robustness and endogeneity tests. Specifically, we find that mental health is an important mechanism and that financial inclusion alleviates EP by improving the mental health of households. Moreover, we observe that the influence of financial inclusion on EP is heterogeneous at household levels; financial inclusion effectively prevents EP for households with low savings and few financial assets, as well as for those starting a business. This study offers a novel perspective, exploring the manner of eradicating EP and promoting the formulation of proper energy transition policies.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114508"},"PeriodicalIF":9.3,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099548","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
Making hay while the sun shines: Energy security pathway for Africa
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-28 DOI: 10.1016/j.enpol.2025.114512
David Iheke Okorie
{"title":"Making hay while the sun shines: Energy security pathway for Africa","authors":"David Iheke Okorie","doi":"10.1016/j.enpol.2025.114512","DOIUrl":"10.1016/j.enpol.2025.114512","url":null,"abstract":"<div><div>Should Africa rather delay investments in renewable energy given their trivial contributions to global greenhouse gas emissions? This is strongly discouraged given the existing benefits of increased renewable energy investments in an African economy. Nigeria, the leading African economy is adopted as a representative to illustrate the prospects of improved (renewable) energy security in Africa. This study develops a dynamic recursive general equilibrium model to evaluate the prospects of renewable energy investment paths for Africa towards improving its energy security levels. Unlike other competing models, this model allows businesses to dynamically substitute between intermediate renewable energy and fossil fuel products, thus, taking active steps towards achieving a green economy. The results show that present economic welfare will be sacrificed for future welfare benefits and improved energy security. This confirms the transitioning of an economy from a lower steady state to a higher steady state path as postulated by the Solow model. However, a sustained gradual investment in the renewable energy sector yields the least welfare loss as the economy transitions through its energy security path. The one-off policy design produces relatively higher results in the immediate future while the sustained gradual incremental path smoothens these results into the far future. The results confirm that Africa's demand for renewable energies substantially outweighs its supply, thereby suggesting a potential and non-trivial market for renewable energies, nonetheless. Results-based policies that are geared towards improving energy security are formulated for the African economies.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114512"},"PeriodicalIF":9.3,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099549","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
Competition and climate policy in the steel transition: Comparing costs and subsidies in the US and the EU
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-27 DOI: 10.1016/j.enpol.2025.114507
Jonas Algers , Jindan Gong , Björn Nykvist , Max Åhman
{"title":"Competition and climate policy in the steel transition: Comparing costs and subsidies in the US and the EU","authors":"Jonas Algers ,&nbsp;Jindan Gong ,&nbsp;Björn Nykvist ,&nbsp;Max Åhman","doi":"10.1016/j.enpol.2025.114507","DOIUrl":"10.1016/j.enpol.2025.114507","url":null,"abstract":"<div><div>The nexus of climate policy and “competitiveness”—how to transition to clean energy while ensuring a competitive economy—is a concern on both sides of the Atlantic. In the United States and the European Union, there has been an attempt to resolve the issue by turning towards green industrial policy and subsidies for low-carbon production, sparking a debate on the merits and risks of a ‘subsidy race’. In this paper, we conduct a transparent and quantified study of how subsidies affect the cost of low-carbon steelmaking as a case of industrial policy in a low-carbon transition. We first map subsidy intervention points across the steel supply chain in the US and the EU, showing how subsidies can cumulate over several segments. Afterwards, we use a bottom-up techno-economic model to quantify and compare subsidies with cost components including raw materials, energy, and labour costs in four hypothetical cases in Ohio, West Virginia, Germany, and Spain. We discuss the subsidy regimes and conclude that there is a dilemma between an equal policy playing field and rapid action on climate change.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114507"},"PeriodicalIF":9.3,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099648","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 equilibrium model of the Chinese carbon trading market under the uncertainty of market demand: Application to thermal power industry
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-01-27 DOI: 10.1016/j.enpol.2025.114505
Gang Ma , Biao Zhang , Xu Li , Jianping Zheng
{"title":"An equilibrium model of the Chinese carbon trading market under the uncertainty of market demand: Application to thermal power industry","authors":"Gang Ma ,&nbsp;Biao Zhang ,&nbsp;Xu Li ,&nbsp;Jianping Zheng","doi":"10.1016/j.enpol.2025.114505","DOIUrl":"10.1016/j.enpol.2025.114505","url":null,"abstract":"<div><div>This study examines how to choose between the reduction methods of reduce output (RO) and change in process (CIP) for enterprises under carbon trading regulations, and whether the carbon trading market can reach equilibrium under different emission reduction strategies. A carbon trading model based on the RO and CIP reduction methods was constructed, and two large thermal power groups were taken as examples for empirical analysis. The main conclusions are as follows: (1) When the demand faced by an enterprise is uniformly distributed and the form of the carbon abatement cost function is a logarithmic function, the enterprise has three emission reduction strategies to choose from: output reduction, mixed emission reduction, and industry exit. (2) The carbon trading market can reach equilibrium when the participants take different emission reduction strategies. (3) The allocation of initial carbon emission rights significantly affects the profits of enterprises. As the auction ratio of carbon emissions rights increases, the enthusiasm of enterprises to participate in the carbon trading market decreases. (4) The fluctuation of the carbon price is inversely related to the fluctuation in the macro coal price. Increasing the electricity price can improve the profits of enterprises without affecting the carbon price.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114505"},"PeriodicalIF":9.3,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094956","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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