Economics and Policy of Energy and the Environment最新文献

{"title":"An assessment of the Iberian Exception to control electricity prices","authors":"Pedro Linares, Tomás Gómez San Román","doi":"10.3280/efe2023-001001","DOIUrl":"https://doi.org/10.3280/efe2023-001001","url":null,"abstract":"The Iberian Exception, the mechanism designed by the Spanish and Portuguese governments to address high electricity prices resulting from the gas price crisis in 2021 and 2022, has been met with controversy, both regarding its real impact on electricity prices and also its unin- tended consequences, such as increased (and subsidized) exports to France. In this paper we review the evidence on these impacts from different studies, concluding that the mechanism may have produced, depending on the assumptions, some reductions in electricity prices for Iberian consumers or none at all, but always at the expense of subsidies to French consumers and also increased rents for gas combined cycles, higher gas consumption, and larger CO2 emissions. Alternative mechanisms, such as a temporary single-buyer scheme, might have produced similar benefits without the downsides of the Exception.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":"173 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139297471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Public perception of residential solar energy in Minnesota's urban areas","authors":"Nicholas Valentini, R. Jarrah, Chang-Ray Chen","doi":"10.3280/efe2023-001004","DOIUrl":"https://doi.org/10.3280/efe2023-001004","url":null,"abstract":"With virtually no solid, liquid, or gas by products, and a stable and ever-present source, pho- tovoltaic (PV or solar) has the attractive benefits of reducing a home's carbon footprint, harm- ful emission levels, and energy costs. With increasing concerns over energy cost and environ- mental harm, many homeowners are choosing to install solar panels. While the costs of solar panel installation and ownership have steadily declined over the last decade, there has been a concern that there has not been a comparable increase in solar panel implementation on resi- dential buildings. This study gathered and analyzed data from urban residents of Minnesota on their overall perception towards different aspects of solar energy and specific factors that are driving them away from solar. The main findings show that while solar is by far the most popular renewable energy generating method for homeowners, the perceived costs are an ob- stacle to adoption, as well as the perception that it would negatively impact the dwelling's aesthetics.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139301640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Strategy for the implementation of sustainable green fuels in Indonesia","authors":"Erwan Hermawan, Adiarso Adiarso, Sigit Setiadi, Dudi Hidayat","doi":"10.3280/efe2023-001006","DOIUrl":"https://doi.org/10.3280/efe2023-001006","url":null,"abstract":"Global climate change has triggered the implementation of energy transition programs in many countries where renewable fuels have received great attention. While Indonesia successfully im- plements biofuels-based crude palm oil (CPO) such as biodiesel (up to B30). The program proceeds towards implementing other green fuels (such as green diesel, gasoline, and bio jet fuel). However, the current price of CPO (as a raw material) is highly fluctuated depending on the global market mechanism and mostly more expensive than the price of fossil fuels. This situation leads to an unattractive business of green fuels. So, the government's policies are strongly required to make more attractive businesses with enhanced competitiveness of green fuels. A qualitative approach was conducted by using forum group discussion to gain information about the current status of biofuel policy in Indonesia and its challenges. The quantitative method was conducted by calculat- ing the economic analysis of palm oil-based energy crops and processing plants. The concept of integrated palm energy plantation was proposed based on the result. It may be a kind of integrated business entity owned by the government which aims at producing CPO and the following green fuels. Economic analysis shows that from the plantation side, the selling price of Fruit Fresh Bunch (FFB) is USD 0.068/kg with an IRR of 12.6%. While in the CPO processing industry, using the FFB price of USD 0.082/kg obtained an IRR of 14.4%. This result shows promising results from the calculation, keeps the sustainability of raw material supply and enhances the competitiveness of green fuels.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139301841","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Data analysis of ethanol blended petrol programme of India","authors":"Sudip Das, V.S. Prakash Attili","doi":"10.3280/efe2022-002008","DOIUrl":"https://doi.org/10.3280/efe2022-002008","url":null,"abstract":"The ethanol blended petrol (EBP) programme of 2018 is a policy framework designed to pro- mote the availability of ethanol in the Indian market and to increase its blending percentage in petrol. The paper focuses on the features, current challenges and critically analyzes EBP 2018. It also compares EBP 2018 with the ethanol blending policies of leading nations and suggests remedial measures. EBP 2009 had proposed a 20% blending target for ethanol in petrol by 2017, while EBP 2018 has fixed a 10% ethanol blending target by 2022 and 20% by 2030. The ethanol blending target could not be achieved till now and the current blending rate stood at 2%. Taxes and inter-state controls on the trading and transportation of molasses and non-potable ethanol by various states in India coupled with their set aside allotment continue to derail the implementation of the EBP programme. EBP 2018 proposed differential pricing and incentives for 2G ethanol versus 1G ethanol which is regressive. The paper also analyses whether the ethanol blending and other policy measures had the desired impact on realization of EBP goals and on socio-economic development.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46101040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The effects of economic growth and fossil fuel consumption to climate change: Evidence from Mediterranean Europe by robust estimators","authors":"Ahmed R.M. Alsayed, Siok Kun Sek, Kıvanç Halil Arıç, Z. Isa","doi":"10.3280/efe2022-002007","DOIUrl":"https://doi.org/10.3280/efe2022-002007","url":null,"abstract":"Climate change and global warming during the recent decades are posing formidable chal- lenges to ecosystems. Nevertheless, changing the climate system due to extreme weather events such as cold spells, high temperatures, droughts, and heat waves have been recorded all over the world. Particularly, it has become less accurate to predict the weather in some European regions using a short time series without considering the extreme values events in the estimated model. Thus, forecasting the behaviour of climate needs more accurate statisti- cal techniques to be used. The main objective of this experimental study is to detect the best robust scale or robust location estimator to model the relationship between CO2 emissions, fossil fuel consumption and gross domestic product by considering the influence of different types of extreme weather events in the panel data of Mediterranean Europe countries over the period 1960-2020. The findings show that the MM-estimator is the best robust estimator han- dling data with high efficiency and high breakdown point with the existence of different types of extreme weather events. In conclusion, the robust MM-estimator could be used to provide an innovative integrated climate-economic approach for the accurate prediction of carbon emissions.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46403208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"LMDI decomposition analysis of CO2 emissions in Algeria during 2000-2019 and the role of energy policy in reducing emission","authors":"Maamar Traich, Amal Rahmane","doi":"10.3280/efe2022-002005","DOIUrl":"https://doi.org/10.3280/efe2022-002005","url":null,"abstract":"This study aims to determine the forces and factors driving the change in CO2 emissions in Algeria in 2000-2019. The analytical decomposition methodology used is the logarithmic mean Divisia index (LMDI), which enables us to know the role and magnitude of the impact of economic activity, structural changes, energy intensity, energy mix, and emission factors on the change in CO2 emissions. The results revealed that the total emissions are rising during the period 2000-2019 and that economic activity is the primary driving force for the increase in CO2 emissions in Algeria. Furthermore, the deterioration of energy efficiency and the trans- formation of the Algerian economy into an energy-intensive sector (the service sector at the expense of the industrial and agricultural sector), the energy intensity factor, and the economic structure factor did not help reduce the levels of CO2 emissions. Additionally, the energy mix factor contributed to a slight increase in emissions. In the context of following up on the im- plementation of the National Program for Renewable Energy and Energy Efficiency and its role in reducing the levels of CO2 emissions, it was found that the program failed to achieve its objectives during the first half of its implementation 2011-2020. These results indicate that public policymakers in Algeria should be strict in implementing the National Energy Program by 2030 by dissolving the conflict between economic growth and climate change policy","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43751952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Trading in local markets: A review of concepts and challenges","authors":"Olivier Rebenaque, Carlo Schmitt, K. Schumann","doi":"10.3280/efe2022-002002","DOIUrl":"https://doi.org/10.3280/efe2022-002002","url":null,"abstract":"With the development of decentralized sources of electricity generation, different ways of organizing electricity exchanges at the local level have been developed. The literature has studied extensively over the past decade how local exchanges can take place. This has resulted in different concepts reflecting different perimeters of study. However, the perimeters of these different concepts are not always well defined in the literature, which can lead to some con- fusion about the organization of the local market under study. There is a lack of harmonization because different terms may be used for the same concept or the same term may be used for several concepts. This paper aims to propose a harmonization of the different concepts for the study of local markets including local energy markets, peer-to-peer trading, local flexibility markets, microgrids, energy communities and transactive energy. These concepts are com- pared by identifying the characteristics of each. For this purpose, a literature review was per- formed in order to understand the context in which these concepts emerged and to identify their specific characteristics. Moreover, this paper proposes to analyze the economic challenges of local exchanges by identifying the economic incentives and solutions developed to make business models viable.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45486701","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Analysis of the impact of natural resources and globalization on environmental quality and economic growth: The study of SANE nations","authors":"Charles Ayobola Olufolake, Anthony Onogiese Osobase, Wilson Friday Ohioze, Samuel Olayinka Musa, Tope Joshua Ojo","doi":"10.3280/efe2022-002010","DOIUrl":"https://doi.org/10.3280/efe2022-002010","url":null,"abstract":"The outcome of resources and globalization on growth and the quality of the environment among SANE (South Africa, Algeria and Nigeria) nations from 1990 to 2020 was investigated in this study. Economic growth and environmental degradation are the dependent variables, whereas the independent variables are natural resources, population, foreign direct invest- ment, trade openness, globalization, domestic credit to private sector by banks and investment. The study utilizes FMOLS and Granger Causality estimation procedure. Findings from the environmental degradation outcome suggest that per capita gross domestic product, gross fixed capital formation and globalization have positive significant impact on the regressand while trade openness has adverse significant impact on environmental degradation. The result from the economic growth model indicates that natural resources and total population posi- tively and significantly influence per capita gross domestic product. The Granger causality outcome predicts a uni-directional relationship that runs from environmental degradation to globalization, and a one-way causality from globalization to per capita gross domestic prod- uct. Also, a uni-directional causal relationship was observed from natural resources to glob- alization. Based on the outcome, the study recommends that investment in clean technologies should be given high precedence, and since these greener technologies are capital intensive, there is a need for the provision of adequate finance to the private sector to procure these technologies as these would help to alleviate the challenge of degradation of the environment, and increase the value of the environment in the SANE nations.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47818208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The role of technological innovation in fostering environmental quality in South Africa: Fresh evidence from the novel dynamic ARDL simulations approach","authors":"Maxwell Chukwudi Udeagha, N. Ngepah","doi":"10.3280/efe2022-002006","DOIUrl":"https://doi.org/10.3280/efe2022-002006","url":null,"abstract":"This study revisits the role technological innovation plays in fostering environmental quality in South Africa over the period 1960-2020. Unlike the previous studies, the work employs the novel dynamic autoregressive distributed lag (ARDL) simulations framework to assess the positive and negative changes in technological innovation, scale effect, technique effect, for- eign direct investment, energy consumption, urbanization, industrial growth, and trade open- ness on CO2 emissions. Second, the paper uses the Squalli &Wilson (2011)'s innovative meas- ure of trade openness to overcome the limitations associated with the conventional trade in- tensity. Third, the study uses the frequency domain causality (FDC) approach developed by Breitung & Candelon (2006) to robustly capture permanent causality for long, short, and me- dium-term associations among the variables examined. Fourth, the paper employs the second- generation econometric procedures, which take into account the multiple structural breaks considerably overlooked by previous works. For South Africa, our empirical results reveal that: (i) technological innovation contributes to lower CO2 emissions in the short- and long run; (ii) while technique effect improves environmental quality, the scale effect largely con- tributes to escalate CO2 emissions, thus confirming that the environmental Kuznets curve (EKC) hypothesis holds; (iii) urbanization, industrial value-added, foreign direct investment and energy consumption increase CO2 emissions; (iv) trade openness contributes to worsen environmental degradation in the long run; (v) scale effect, technique effect, technological innovation, energy consumption, foreign direct investment, trade openness, urbanization, and industrial growth Granger-cause CO2 emissions in the short, medium and long run showing that these variables are fundamental to determine environmental quality. In light of our em- pirical evidence, this paper suggests that South Africa's government and policymakers could consider the role of technological innovation as a clean source of technology in achieving energy security and fostering environmental quality in the country.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44994491","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The impact of oil price shocks on economic growth in Algeria","authors":"Kamel Malik Bensafta","doi":"10.3280/efe2022-002004","DOIUrl":"https://doi.org/10.3280/efe2022-002004","url":null,"abstract":"In this study, we investigate the consequences of oil price shocks on Algerian economic growth, both on an aggregated and a disaggregated level. We adopt the method used in (Kilian, 2009) in which global oil supply shocks, global demand shocks, and anticipated demand shocks are defined. We use a two structural VAR models. The first model identifies shocks to oil prices using monthly data on oil production, oil real prices, and indicators of global eco- nomic activity. The second model describes the dynamics of a set of macroeconomic varia- bles: real overall GDP, hydrocarbon GDP, agricultural GDP, construction GDP, and interna- tional trade variables. To grasp the impact of oil shocks on sectoral growth, the model is aug- mented via three external shocks identified in the first stage. Our results are twofold. First, they show the significance of the oil price shocks' impact on the Algerian economy. Second, they indicate an asymmetry in this impact. Negative shocks to oil prices have depressive ef- fects on economic activity as a whole, including the non-hydrocarbon sector. We detect a delay-effect; global demand shocks affect economic sectors after 5-7 quarters, whereas oil price shocks affect the hydrocarbon sector after 1-2 quarters only.","PeriodicalId":38445,"journal":{"name":"Economics and Policy of Energy and the Environment","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44292286","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}