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The impact of geopolitical risks on the renewable energy transition Energy Econ. (IF 13.6) Pub Date : 2025-02-04 Zhi-Wen He, Chien-Chiang Lee, Susan Sunila Sharma
Given the frequency of geopolitical events and the urgency of responding to climate change, it is essential to explore the impact of geopolitical risk (GPR) on renewable energy transition (RET). Based on panel data for 41 countries from 2000 to 2021, this paper analyzes the impact and mechanism of GPR on RET. The results show that an increase in GPR accelerates RET across countries, a conclusion that
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Foreign direct investment, technology transfer and the global issuance of green bonds Energy Econ. (IF 13.6) Pub Date : 2025-02-04 Lukas Christnacht, Charilaos Mertzanis
This study examines the effect of foreign direct investment and technology transfer on the issuance of green bonds, utilizing new International Monetary Fund data for sixty-seven countries from 2000 to 2022. Our findings show that countries promoting foreign direct investment-based technology transfers experience increased growth in green bond issuance, highlighting the connection between industrial
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Income targeting in consumer energy efficiency programs Energy Econ. (IF 13.6) Pub Date : 2025-02-03 Nathan W. Chan, Isla Globus-Harris
Consumer energy efficiency programs are common around the world, and they frequently include some form of income-based targeting, whether intentional or not. In this paper, we ask: What are the environmental and welfare impacts of income-based targeting in consumer energy efficiency programs? To that end, we present a model with high- and low-income consumers, and we analyze how income targeting affects
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The impact of financing structures on the cost of carbon dioxide transport Energy Econ. (IF 13.6) Pub Date : 2025-02-02 Katrin Sievert, Alexandru Stefan Stefanescu, Pauline Oeuvray, Bjarne Steffen
The economic operation of carbon capture and storage (CCS) facilities hinges on the availability of CO2 transport infrastructure, and the financing structure of new transport assets will affect CO2 transport cost. Building on economic studies of infrastructure finance in other sectors, we empirically calibrate the cost of capital and operational efficiency under different financing structures, considering
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The Environmental Kuznets Curve Revisited: A Spatial Panel Model with Heterogeneous Coefficients Energy Econ. (IF 13.6) Pub Date : 2025-02-01 Pierre Schneiter, Shaibu Mellon-Bedi
This paper revisits the Environmental Kuznets Curve (EKC) hypothesis through the lens of spatial econometrics to analyse the relationship between income and emissions of CO, CO2, and CH4 in Swedish municipalities from 2015 to 2021. The study leverages recent developments in spatial econometric methods to relax the homogeneity assumption found in earlier EKC models. The analysis identifies an inverted
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Modelling time-varying volatility spillovers across crises: Evidence from major commodity futures and the US stock market Energy Econ. (IF 13.6) Pub Date : 2025-02-01 Shietal Ramesh, Rand Kwong Yew Low, Robert Faff
Effective risk management requires discernment of volatility interaction patterns across assets. Our study examines the level of interconnectedness amongst nine major commodity futures across precious metals, energy, industrial and agricultural sectors and the US S&P 500 index from 1990 to 2022. Spillover indices are constructed by combining the Time-Varying Parameter (TVP)-Vector Autoregression (VAR)-Stochastic
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Cross-border cannibalization: Spillover effects of wind and solar energy on interconnected European electricity markets Energy Econ. (IF 13.6) Pub Date : 2025-01-31 Clemens Stiewe, Alice Lixuan Xu, Anselm Eicke, Lion Hirth
The average per-MWh revenue, or market value, of wind and solar energy tends to fall with increasing market share, as is now evident across European electricity markets. At the same time, these markets are becoming more interconnected. In this paper, we empirically study cross-border effects on the value of renewable energy: On one hand, interconnection is a flexibility resource that allows to export
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The role of sustainable aviation fuel in CORSIA: An economic analysis Energy Econ. (IF 13.6) Pub Date : 2025-01-31 Changmin Jiang, Yan Liu
Under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), airlines can decarbonize their operations by purchasing either sustainable aviation fuel (SAF) or carbon offset credits. We develop an economic model to compare airlines' profits and social welfare outcomes under different scenarios. We first assume that SAF and offset credits are equal, and then we introduce a SAF
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The dynamic connectedness in the “carbon-energy-green finance” system: The role of climate policy uncertainty and artificial intelligence Energy Econ. (IF 13.6) Pub Date : 2025-01-31 Shaozhou Qi, Lidong Pang, Xinqiang Li, Lin Huang
The shared vision of mitigating carbon emissions in response to climate change has fostered the interconnection among the EU ETS, traditional energy and green finance sectors. This paper employs the time-frequency spillover methods to explore the connectedness within the Carbon-Energy-Green Finance system, from a time-frequency domain perspective. The empirical results indicate limited connectedness
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Detecting the macro drivers in the Australian National Electricity Market asymmetric volatility co-movement Energy Econ. (IF 13.6) Pub Date : 2025-01-30 Chi Keung Marco Lau, Michal Wojewodzki, Xingyu Dai, Qunwei Wang
This study investigated how macro variables (MV) influence electricity price volatility co-movement in Australian deregulated electricity markets between 1 January 2010 and 1 October 2022. We divided realised volatility (RV) into ‘good’ (GV) and ‘bad’ (BV) volatility. Next, we used the DCC-MIDAS-X model to observe the impact of 17 MVs and their six principal components on RV, GV, and BV. The results
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Energy transition metals, clean and dirty energy markets: A quantile-on-quantile risk transmission analysis of market dynamics Energy Econ. (IF 13.6) Pub Date : 2025-01-29 Nadia Arfaoui, David Roubaud, Muhammad A. Naeem
Amidst the imperative to address environmental degradation and realize sustainable development, energy transition metals have emerged as focal points for practitioners and scholars. This study delves into the role of these energy metals and clean energy markets in advancing environmental sustainability against dirty energy markets. Employing quantile-on-quantile risk transmission, the research scrutinizes
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Who pays for the EU Emission Trading System? The risk of shifting tax burden from firm to final consumer Energy Econ. (IF 13.6) Pub Date : 2025-01-29 Elsa Amaddeo, Angela Stefania Bergantino, Cosimo Magazzino
This paper aims to analyze the relationship between the net price of different fuels in the Italian market and European Union emission allowances during Phase 2, 3, and part of Phase 4 (2008–2023), with each energy price considered as the dependent variable. Considering the Emission Trading System as a peculiar European tax regime, the empirical findings show the presence of a cointegrating relationship
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The by-production models for benchmarking Energy Econ. (IF 13.6) Pub Date : 2025-01-29 Derek D. Wang, Peng Hu, Yaoyao Ren
By-production models, as a new class of efficiency estimation models for assessing pollution-generating technologies with undesirable outputs, are becoming increasingly popular in benchmarking studies recently. Yet the performance of these models is not well understood. In this study, we investigate the accuracy of three widely-used by-production models (by-production slacks-based measure or BP-SBM
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Evaluating criticality of strategic metals: Are the Herfindahl–Hirschman Index and usual concentration thresholds still relevant? Energy Econ. (IF 13.6) Pub Date : 2025-01-28 Pauline Bucciarelli, Emmanuel Hache, Valérie Mignon
This paper aims to evaluate the criticality of strategic metals by (i) investigating the validity of the Herfindahl–Hirschman Index (HHI) for assessing the supply risk aspect of criticality and (ii) determining an appropriate threshold for using this indicator in the context of criticality studies. Relying on a large panel of 33 strategic metals over the 1995–2021 period, our findings show that the
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An analysis of electrical storage demand and cost in South Australia Energy Econ. (IF 13.6) Pub Date : 2025-01-27 Bruce Mountain
The State of South Australia (SA) currently has twice as much variable renewable electricity (VRE) as the country (Portugal) with the highest proportion globally. This analysis of the relationship between storage and VRE takes account of the evidence of generators' response to market prices in their dispatch decisions. It finds that increasing VRE penetration to around 90 % of end use consumption will
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Socioeconomic inequality in low-carbon technology adoption Energy Econ. (IF 13.6) Pub Date : 2025-01-27 Andrew Burlinson, Apostolos Davillas, Monica Giulietti
The widespread adoption of low-carbon technologies (LCTs) by residential consumers is a cornerstone of net zero targets worldwide; however, LCT adoption may not be equally distributed across socioeconomic groups. Our paper contributes to the related literature by exploring socioeconomic inequality in LCT adoption and its underlying sources. We exploit nationally representative longitudinal data on
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The impact of artificial intelligence on the energy consumption of corporations: The role of human capital Energy Econ. (IF 13.6) Pub Date : 2025-01-27 Chien-Chiang Lee, Jinyang Zou, Pei-Fen Chen
The rapid development of artificial intelligence (AI) has brought tremendous benefits to corporate development. However, its energy-intensive characteristic has also led to a sharp increase in corporate energy consumption (CEC). Research on how to mitigate the impact of AI on CEC is crucial. This paper utilizes text analysis to collect information on AI development from the annual reports of listed
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Inflation, inequality and financial vulnerability: Monetary vs. fiscal policy in the face of an energy shock Energy Econ. (IF 13.6) Pub Date : 2025-01-25 Samantha Coccia, Alberto Russo
The energy shock caused by the conflict in Ukraine has exacerbated inflation, prompting central banks to respond by raising interest rates. This study uses an agent-based stock-flow consistent (AB-SFC) model to assess the impact of energy shocks, as well as monetary and fiscal policy, on inflation, inequality, and household financial vulnerability. The results show that energy shocks increase nominal
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Risk mitigation in project finance for utility-scale solar PV projects Energy Econ. (IF 13.6) Pub Date : 2025-01-25 Hossein Jadidi, Afshin Firouzi, Mohammad Ali Rastegar, Majid Zandi, Ursula Eicker
This study explores strategies to de-risk renewable energy investments in project finance (PF) deals, primarily focusing on enhancing the prosperity of such deals by mitigating default risk. The success of PF deals is intricately linked to ensuring reliable future revenues, and by addressing default risk, the overall viability of the agreement is significantly improved. The primary objective of this
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Investing in the batteries and vehicles of the future: A view through the stock market Energy Econ. (IF 13.6) Pub Date : 2025-01-25 Michael Plante
A large number of companies operating in the EV and battery supply chain have listed on a U.S. stock exchange in recent years. I compile a unique data set of high-frequency stock returns for those companies and investigate the extent to which an “industry” factor specific to the EV and battery supply chain (an “EV” factor) can explain their returns. Those returns are decomposed into systematic and
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Corrigendum to “Government venture capital and innovation performance in alternative energy production: The moderating role of environmental regulation and capital market activity” [Energy Economics Volume 129, January 2024]. Energy Econ. (IF 13.6) Pub Date : 2025-01-23 Qunyang Du, Zhongyuan Li, Min Du, Tianle Yang
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Does geopolitical risk increase carbon emissions and public health risk? Energy Econ. (IF 13.6) Pub Date : 2025-01-23 Sudharshan Reddy Paramati, Md Safiullah, Ugur Soytas
In recent years, geopolitical risk has been on the rise and it has numerous economic consequences. Given that this paper aims to investigate the environmental and public health consequences of geopolitical risk. More specifically, we examine the effect of geopolitical risk on carbon emissions and their combined impact on public health risk. Using data from a sample of 17 countries spanning the period
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Exploring the trade-offs between carbon emissions, income inequality, and poverty: A theoretical and empirical framework Energy Econ. (IF 13.6) Pub Date : 2025-01-23 Esra Alp Coşkun
This study investigates the relationship between income inequality, poverty, and carbon emissions using a balanced panel dataset of 83 countries from 1990 to 2020. Employing panel quantile regression, which provides insights into distributional heterogeneity, the research analyzes both consumption-based and production-based CO2 emissions through the lens of classical economic theories, including Keynes'
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Examining the nexus between exporting status and CO2 productivity in Indonesian agri-based manufacturing Energy Econ. (IF 13.6) Pub Date : 2025-01-22 Putriesti Mandasari, Jeff Luckstead
Despite growing concerns over the environmental implications of international trade in emerging economies, the relationship between exporting and carbon footprint remains underexplored. Utilizing plant-level data from Indonesia from 2009 to 2015, this study contributes to the firm-level literature examining the environmental consequences of exporting. Relying on a two-step Generalized Method of Moments
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Macroeconomic and sectoral effects of natural gas price: Policy insights from a macroeconometric model Energy Econ. (IF 13.6) Pub Date : 2025-01-22 Fakhri J. Hasanov, Muhammad Javid, Jeyhun I. Mikayilov, Rami Shabaneh, Abdulelah Darandary, Ryan Alyamani
Saudi Arabia has been implementing domestic energy price reforms to rationalize energy consumption and enhance the overall efficiency of its energy system. Since energy makes up one of the most significant building blocks in Saudi Arabia's economy, reforms in the energy sector will have implications on macroeconomic and sectoral developments. Natural gas played a key role in the Kingdom's industrial
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Does international coordinated industrial policy stimulate regional low-carbon aviation development? Evidence from CORSIA and the APEC developing economies Energy Econ. (IF 13.6) Pub Date : 2025-01-22 Zichun Yan, Jingjia Zhang, Zehan Wang, Zizhe Du
For Asia-Pacific Economic Cooperation (APEC) developing economies that are experiencing rapidly growing carbon emissions in the aviation industry, the effectiveness of their participation in an international coordination framework will be crucial for future decision-making and regional carbon reduction. Our paper investigates the effectiveness of participation in the Carbon Offsetting and Reduction
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High-speed railway, industrial firm sorting, and electricity demand redistribution Energy Econ. (IF 13.6) Pub Date : 2025-01-21 Jinfeng Gao, Jianglong Li
The opening of the high-speed railways (HSR) changes regional comparative advantage, leading to the sorting behavior of electricity-intensive industrial firms, which significantly impacts local electricity demand. This study evaluates the impact of HSR openings on electricity consumption and electricity consumption intensity in prefecture-level municipalities from 2005 to 2019. Utilizing a difference-in-differences
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Conditional threshold effects of stock market volatility on crude oil market volatility Energy Econ. (IF 13.6) Pub Date : 2025-01-21 Kaiji Motegi, Shigeyuki Hamori
In this paper, we analyze conditional threshold effects of stock market volatility on crude oil market volatility. We use Conditional Threshold Autoregression (CoTAR), a novel extension of TAR from a constant threshold to a time-varying threshold. The conditional threshold is specified as an empirical quantile of recent realizations of a threshold variable. This specification is expected to match investors’
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The welfare impact of climate action: A distributional analysis for Italy Energy Econ. (IF 13.6) Pub Date : 2025-01-20 Valeria Costantini, Chiara Martini, Benedetta Mina, Mariangela Zoli
Achieving the climate targets the European Union sets requires a complex policy mix, which is expected to cause a general increase in end-user prices, especially for carbon-intensive goods. For those countries already affected by large inequalities, this constitutes a risk of further negative impacts in distributional terms. This paper contributes to the debate by assessing the distributional impacts
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Public preferences for battery electric vehicle policies considering energy mix: A US choice experiment study Energy Econ. (IF 13.6) Pub Date : 2025-01-19 Jamal Mamkhezri
Public acceptance is vital for the widespread adoption of clean energy and battery electric vehicles (BEVs). This study investigates the attitudes of 1500 U.S. residents towards BEVs and the energy sources powering them, using a large national survey dataset. Through an online discrete choice experiment, we assess willingness to pay (WTP) for clean energy as a BEV attribute and explore attitudes towards
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Carbon risk and technological mergers and acquisitions(M&A):The perspective of institutional pressures Energy Econ. (IF 13.6) Pub Date : 2025-01-16 Jinyu Chen, Yirui Fan, Yan Yang, Ying Tang
With the growing urgency of climate issues, this paper examines whether companies accelerate low-carbon transitions and manage rising carbon risk by technological mergers and acquisitions (M&A). This paper explores the effect of carbon risk on technological M&A from the perspective of institutional pressures, using data from listed companies over the period 2009 to 2020. Our research results indicate
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Downcycling in circular production through sustainable insurance under cap-and-trade regulation and carbon tariffs Energy Econ. (IF 13.6) Pub Date : 2025-01-16 Shi Chen, Mengjie Wang, Fu-Wei Huang, Ching-Hui Chang, Jyh-Jiuan Lin
This paper presents a contingent claim option model to explore downcycling in circular production under cap-and-trade regulations and carbon tariffs, within the context of sustainable insurance. By applying a capped call option, the model shows how a life insurer finances a manufacturer producing steel, slag, and pollutants, while explicitly assessing the manufacturer's risk under related climate policy
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Corrigendum to “Energy policy diversity and green bond issuance around the world” [Energy Economics Volume 128, December 2023, 107116] Energy Econ. (IF 13.6) Pub Date : 2025-01-16 Charilaos Mertzanis
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From carbon policy to consumer prices: The economic impact of carbon caps in the Euro Area Energy Econ. (IF 13.6) Pub Date : 2025-01-14 Hugo Morão
This study quantifies the impact of European Union Emissions Trading System (EU ETS) on inflation and key macroeconomic variables in the Euro Area (EA). Using a structural vector autoregression (SVAR) model, the analysis reveals that stricter climate policies significantly affect industrial production, unemployment, and inflation in transportation, utilities, and food sectors. Furthermore, the post-2020
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Research on the optimal incentive and constraint mechanisms for corporate carbon information disclosure considering different market contexts: A network-based evolutionary game analysis Energy Econ. (IF 13.6) Pub Date : 2025-01-13 Chaoping Zhu, Yixuan Su, Ruguo Fan, Ruiheng Xu, Bing Li
Corporate carbon information disclosure (CCID) is essential for facilitating a low-carbon transition in energy-intensive industries and achieving the “dual carbon” goals. However, many enterprises fail to fulfill their CCID obligations. This paper develops a complex network evolutionary game model for examining CCID in diverse market contexts and determining optimal incentive and constraint mechanisms
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The scheduling role of future pricing information in electricity markets with rising deployments of energy storage: An Australian National Electricity Market case study Energy Econ. (IF 13.6) Pub Date : 2025-01-13 Abhijith Prakash, Anna Bruce, Iain MacGill
In wholesale electricity markets, resource schedules result from market participant decisions informed by knowledge processes, which provide current and forecasted power system and market information. Ensuring that these knowledge processes and market participation rules are purpose-fit is becoming increasingly important with growing deployments of energy storage resources expected to aid in balancing
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Timing corporate social responsibility investments: A dynamic investment model and empirical evidence Energy Econ. (IF 13.6) Pub Date : 2025-01-12 Stefan Kupfer, Vladlena Prysyazhna, Elmar Lukas, Sascha Mölls
We study the optimal timing of corporate social responsibility (CSR) investments, providing model-theoretical rationale as well as empirical evidence. Using a dynamic investment model under costly external financing, we can relate a production economic perspective to CSR investments. The approach allows us to investigate energy efficiency of production and, hence, the corresponding CSR measures. Our
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Subsidy reduction policies in clean product promotion: Pre-announced or dynamic? Energy Econ. (IF 13.6) Pub Date : 2025-01-11 Jing Wang, Yanfei Lan, Shuxian Xu, Hongyang Zou, Huibin Du
Governments often use purchase subsidies to promote clean products, such as rooftop solar photovoltaic systems and new energy vehicles, aiming for clean development. However, purchase subsidies increase governments’ fiscal burden and create consumer over-reliance, with consumers delaying purchases in anticipation of higher future subsidies. To reduce policy costs and lessen consumers’ delayed purchases
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Economic performance and investments under emissions trading: Untangling the effects of a staggered regulation Energy Econ. (IF 13.6) Pub Date : 2025-01-11 Leon Bremer, Konstantin Sommer
We study the effects of the EU Emissions Trading System on the economic performance and investments of Dutch manufacturing firms. Motivated both by sizable differences between firms that became regulated in different phases and by a gradual increase in regulatory stringency, we pay close attention to the staggered design of the ETS as well as to potential treatment effect heterogeneity. We base our
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Substitution effects of high-speed railway on carbon mitigation: From theory to empirics Energy Econ. (IF 13.6) Pub Date : 2025-01-10 Jian Wang, Huanhuan Du, Kefu Lin
Understanding the substitution effects of public transit developments, such as the introduction of high-speed railway, is critical for advancing carbon abatement and combating global climate change. This study aims to analyze the profound impacts of high-speed railway, specifically the Kyushu Shinkansen in Japan, on the sustainability performance of passenger vehicles. We first build a theoretical
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Intermittency and uncertainty in wind and solar energy: Impacts on the French electricity market Energy Econ. (IF 13.6) Pub Date : 2025-01-10 Maurice K. Ekoue, Matt Woerman, Cédric Clastres
Renewable energy technologies are critical to reducing greenhouse gas emissions from the electricity sector. However, intermittency and uncertainty of renewable energy sources create challenges for the operation of electricity grids and markets. We analyze the impacts of intermittency and uncertainty from wind and solar energy in a novel setting: the French electricity market. We find that these characteristics
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The effectiveness of future financial benefits on PV adoption — Evidence from Belgium Energy Econ. (IF 13.6) Pub Date : 2025-01-10 Justus Böning, Kenneth Bruninx, Marten Ovaere, Guido Pepermans, Erik Delarue
We assess the effect of different incentive schemes with future financial benefits on photovoltaic (PV) adoption patterns in the residential sector for the two biggest regions of Belgium - Flanders and Wallonia. Due to variation in incentive schemes across the regions and within regions across months, we can identify the effect of changes in future benefits on adoption. We combine and compare three
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Cost-effective intelligent building: Energy management system using machine learning and multi-criteria decision support Energy Econ. (IF 13.6) Pub Date : 2025-01-09 Helen Cai, Wanhao Zhang, Qiong Yuan, Anas A. Salameh, Saad Alahmari, Massimiliano Ferrara
Enhancing cost-effective energy management in buildings is critical for achieving sustainability goals and addressing the challenges posed by rising energy use, which is a major concern for energy policy frameworks worldwide. This study is a trailblazer in using multi-criteria decision-making (MCDM) methodologies for the real-time operational optimisation of building energy systems. Data collection
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Does public climate attention affect the net return spillover from energy to non-energy commodities? Energy Econ. (IF 13.6) Pub Date : 2025-01-08 Anlan Lin, Xu Gong
This study employs the improved Diebold-Yilmaz framework with a TVP-VAR-SV model to measure the system connectivity between energy and non-energy commodities. Then, we utilize a comprehensive Public Climate Attention Index to examine the influence of public climate attention on the net spillover effects from energy to non-energy commodity markets. The empirical results demonstrate that public climate
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Contract selection decision of hybrid energy power supply chain under cap-and-trade: From the perspective of supply disruption risk Energy Econ. (IF 13.6) Pub Date : 2025-01-08 Lexuan Sun, Wei Li, Jie Song
The intermittency of new energy power generation (NEPG) exposes the power supply chain (PSC) to a higher supply disruption risk (SDR), so it is crucial to determine how to manage such risk and minimize losses. In the context of cap-and-trade (CAT) in the power industry, we construct a two-stage decentralized PSC considering the SDR, which is composed of a hybrid energy generator and a power retailer
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The asymmetric response of higher-order moments of precious metals to energy shocks and financial stresses: Evidence from time-frequency connectedness approach Energy Econ. (IF 13.6) Pub Date : 2025-01-08 Wang Gao, Xiaoman Jin, Hongwei Zhang, Miao He
This paper analyzes how the higher-order moments of precious metals respond asymmetrically to energy shocks (including demand, supply, and risk shock) as well as financial stresses (such as credit, equity valuation, safe assets, funding, and volatility) using a Time-Varying Parameter Vector Autoregression (TVP-VAR) time-frequency approach. The findings reveal that financial stresses and energy shocks
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Economical driving and taxation of road use Energy Econ. (IF 13.6) Pub Date : 2025-01-08 Geir H.M. Bjertnæs
A tax on fuel that promotes a more fuel-saving driving style leads to both fewer accidents and less noise pollution per mile driven, but also more driving due to a lower cost of driving. The present study contributes to the literature by calculating second-best optimal taxes on fuel and vehicle miles travelled within a model framework that incorporates such tax-induced impacts on externalities. The
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The moderating role of green innovation and ecofriendly goods in growth-greenhouse gas Nexus: A new policy dimension Energy Econ. (IF 13.6) Pub Date : 2025-01-07 Helen Huifen Cai, Qiong Yuan, Shirley Tang, Quang Nguyen, Jie Dai, Wenxiu Zheng
In pursuance of sustainable development goals (SDG 7 and 12), the substantive role of eco-friendly goods and green innovations in mitigating the undesirable effects of natural resources consumption and fossil fuel dependence on the environment in the United Kingdom unveils cutting edge policy options to aspiring eco-friendly goods and green innovation economies. For this purpose, the study used data
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Ensuring the security of the clean energy transition: Examining the impact of geopolitical risk on the price of critical minerals Energy Econ. (IF 13.6) Pub Date : 2025-01-06 Jamel Saadaoui, Russell Smyth, Joaquin Vespignani
We use constant and time-varying parameter local projection (TVP-LP) regression models to examine the effect of geopolitical risk on prices of six critical minerals: aluminium, copper, nickel, platinum, tin and zinc. We propose a conceptual framework in which the responsiveness of prices for critical minerals to geopolitical risk depends on the non-technical risk associated with procuring each critical
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Digitizing energy supply chains for enhanced resilience: Exploring the nexus between supply chain digitization, carbon neutrality, and natural resource extraction Energy Econ. (IF 13.6) Pub Date : 2025-01-04 Zhenjing Gu, Saeed Mousa, Da Meng, Ahmed M. Elkady, Lin Woon Leong
In this era of rapid change, natural resource extraction (NRE) plays a pivotal role in securing an energy-resilient future and fostering sustainable socio-economic development. Carbon neutrality and supply chain digitization have emerged as key strategies in the global battle against susutaining climate. This research explores how supply chain digitization contributes to energy resilience, specifically
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Integrating renewable energy resources in electricity distribution systems—A firm-level efficiency analysis for Sweden controlling for weather conditions Energy Econ. (IF 13.6) Pub Date : 2025-01-04 Oleg Badunenko, Astrid Cullmann, Maria Nieswand
Sweden is at the forefront of the transition of its energy sector to low-carbon technologies with profound consequences for both energy generation and its distribution. However, the impact of this transition on the performance of Electricity Distribution System Operators (DSOs) has not been thoroughly studied. The article addresses this gap by using a novel approach and detailed georeferenced firm-level
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Determining the profitability of energy storage over its life cycle using levelized cost of storage Energy Econ. (IF 13.6) Pub Date : 2025-01-03 W. Hill Balliet, Patrick Balducci, Venkat Durvasulu, Thomas Mosier
Levelized cost of storage (LCOS) can be a simple, intuitive, and useful metric for determining whether a new energy storage plant would be profitable over its life cycle and to compare the cost of different energy storage technologies. However, researchers and industry decision makers still use conflicting definitions of LCOS. For example, some include charging cost, while others only include round
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Corrigendum to “Understanding the effects of artificial intelligence on energy transition: The moderating role of Paris Agreement” [Energy Economics Volume 131, March 2024, 107388] Energy Econ. (IF 13.6) Pub Date : 2025-01-02 Muhammad Zubair Chishti, Xiqiang Xia, Eyup Dogan
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The assessment of climate change policies through a general equilibrium model: An application to Uruguay Energy Econ. (IF 13.6) Pub Date : 2024-12-31 Francisco Rosas
The objective of this study is to propose an extension of the Fullerton and Ta (2019) model, who show that their simple general equilibrium model generates comparable results to those yielded by large computable general equilibrium models. We propose key extensions that are relevant for climate policy analysis, in particular, for countries with significant net emissions coming from agriculture. We
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How do economies decarbonize growth under finance-energy inequality? Global evidence Energy Econ. (IF 13.6) Pub Date : 2024-12-30 Aviral Kumar Tiwari, Hai Hong Trinh, Diem Thi Hong Vo, Gagan Deep Sharma
The study investigates the multidecade complexity between economic growth and carbon emissions across income groups and regions for 180 economies over the past decades. We find that the global economy has been decarbonizing its economic growth. The effects of growth on decarbonization are conditional on outcome distributions. The Paris Agreement (COP21) and renewable energy consumption (REC) are robust
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A simulation model for imbalance costs of renewable energy aggregators: The case of Greek balancing market Energy Econ. (IF 13.6) Pub Date : 2024-12-29 Filippos Ioannidis, Tatiani Georgitsioti, Kyriaki Kosmidou, Constantinos Zopounidis, Kostas Andriosopoulos
The increased penetration of renewable energy sources in Europe has accelerated the participation of aggregators in the wholesale electricity markets. Those participants are responsible for market representation and act as balancing responsible parties for any volume deviation between forecast and actual generation. The Greek Balancing Market is used as a case study, since it is considered as one of
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How do digitalizing ICT and supply chain globalization affect renewable energy in ASEAN nations? The mediating role of sustainable environmental practices using the MMQR and PCSEs model Energy Econ. (IF 13.6) Pub Date : 2024-12-28 Jingping Chen, Chunzi Zhao, Shuang Liu, Yuchen Li
The rapid growth of global energy demands and heightened environmental concerns highlight the critical need to transition to renewable energy sources. Identifying the influence of digitalization of ICT and global supply chains on sustainable practices to mitigate environmental impacts is crucial. This study aims to fill the research gap by examining the effects of manufacturing, digitalization of ICT
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Winners and losers of the EU carbon border adjustment mechanism. An intra-EU issue? Energy Econ. (IF 13.6) Pub Date : 2024-12-27 Marco Amendola
The paper develops a Multi-Regional Input–Output analytical framework to study the EU’s recently adopted carbon border adjustment mechanism (CBAM). This policy introduces carbon tariffs to replace free allowances in several Emission Trading System (ETS) industries to reinforce and extend the EU carbon price signal while mitigating the risk of carbon leakage. Yet, the policy has prompted immediate international
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Harnessing supply chain digital innovation for enhanced corporate environmental practices and sustainable growth Energy Econ. (IF 13.6) Pub Date : 2024-12-26 Ying Liu, Hongyun Huang, William Mbanyele, Xin Li, Tomas Balezentis
Seeking to implement the sustainable development goals (SDGs), the integration of digital technologies in supply chains emerges as a promising tool to address environmental challenges and improve operational efficiency. Utilizing the supply chain innovation and application pilot policy as a quasi-natural experiment, we assess the causal impact of supply chain digitization on corporate environmental