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Records with Subject: Energy Policy
Showing records 201 to 225 of 1181. [First] Page: 5 6 7 8 9 10 11 12 13 Last
Evaluating the Chances of Implementing the “Fit for 55” Green Transition Package in the V4 Countries
Jacek Brożyna, Wadim Strielkowski, Aleš Zpěvák
April 18, 2023 (v1)
Subject: Energy Policy
Keywords: economic growth, energy consumption, Energy Efficiency, energy transition, green transformation, Renewable and Sustainable Energy, sustainable development, Visegrad Group countries
The European Union (EU) is a global leader in renewable energy, and it is working to maintain this position through setting high standards for itself as well as for its member states in this field. Among the goals set for 2030 in Directive (EU) 2018/2001 and changes published on 14 July 2021 is a 55% reduction in greenhouse gas (GHG) emissions (compared to 20% in 2020). The targets for individual countries vary and depend on the current level of development of renewable energy. This article focuses on evaluation of these targets in the Visegrad Group (V4) countries (Czech Republic, Hungary, Poland, and Slovakia). These are post-Communist countries that have undergone systemic transformations but still face challenges related to sustainable development in renewable energy. This article analyzes the 2030 goals and the prospects of their implementation. Evaluated criteria include greenhouse gas emissions, the share of renewable energy in energy consumption, energy consumption, energy effi... [more]
Environmental Efficiency of Enterprises: Trends, Strategy, Innovations
Mohammad Asif
April 18, 2023 (v1)
Subject: Energy Policy
Keywords: agricultural technology firms, environmental performance, green economy, green entrepreneurial orientation, green process innovation, green strategy, Lisrel 8.80, proactive sustainability, SEM
This study examines the impact of green process innovation (GPI), green entrepreneurial orientation (GPO), and proactive sustainable strategy (PSS) on environmental performance (EP). Data were collected from 294 Indian agriculture technology firms. Structural equation modeling (SEM) was used to analyze the data using Lisrel 8.80. This study aimed to analyze how green entrepreneurial orientation, sustainability strategies, and green process innovation improve the environmental performance of agricultural technology firms. The results show that green process innovation, sustainability strategy, and entrepreneurial orientation play a significant role in enhancing agricultural technology firms’ environmental performance. Agricultural technology firms achieve high environmental performance primarily through strategy or sustainability. In every green process, innovation is crucial and essential. This research offers several practical implications that can be utilized by managers of agricultu... [more]
Special Issue “Energy Transition and Environmental Sustainability”
Prafula Pearce
April 18, 2023 (v1)
Subject: Energy Policy
This Special Issue on “Energy Transition and Environmental Sustainability” includes thirteen papers on policies including: the challenges of the United Nations Sustainable Development Goals regarding energy transition and legal reforms in Taiwan and Japan [...]
An Analysis of Industrial Policy Mechanisms to Support Commercial Deployment of Bitumen Partial Upgrading in Alberta
Garret Kent Fellows, Jennifer Winter, Alaz Munzur
April 18, 2023 (v1)
Subject: Energy Policy
Keywords: bitumen partial upgrading, industrial policy, modeling capacity investment, policy intervention, public net benefit, risk-sharing
Partial upgrading of bitumen (PUB) improves the quality (increases the value) of crude oil from bituminous sands to the level where pipeline specifications are met without—or with reduced use of—costly diluent. By reducing the cost of transportation to downstream refineries, PUB can serve as a solution to market access challenges and takeaway capacity constraints for oil sand producers. However, despite significant government and private investments, proponents in the Canadian province of Alberta still face challenges in commercializing the technology. We used a capacity investment model to explore the expected effects of different policy support types on a firm’s decision to invest in a partial upgrading facility integrated with an existing oil sands extraction facility. We evaluated 10 potential policy interventions and their expected effects on investments in partial upgrading. We focused our analysis of these policy interventions on the revenues and costs of firms, risk sharing, an... [more]
Modeling Activities Related to Improving Energy Efficiency in the Public Procurement Process in Poland
Arkadiusz T. Borowiec
April 18, 2023 (v1)
Subject: Energy Policy
Keywords: community policy, Energy Efficiency, public procurement, sustainable development
The public procurement system in Poland remains highly centralized, although thanks to European Community directives, it is part of European law. Therefore, it has established procedures for sustainable public procurement, including so-called green public procurement. In addition to the Public Procurement Law of 11 September 2019, other provisions introducing specific instruments (e.g., energy labels, environmental labels) should be taken into consideration, as such provisions make it easier for contracting authorities to take environmental aspects into account in tender procedures. Bearing in mind the existing legal regulations, this article features a diagnosis of the degree of use of measures to improve energy efficiency in public procurement procedures and models activities related to improving this situation. For this purpose, surveys were conducted for 120 entities applying the provisions of the Public Procurement Law. Taking into consideration the results obtained in the survey,... [more]
Sustainability Strategies by Oil and Gas Companies, Contribution to the SDGs and Local Innovation Ecosystems
Jaime Menéndez-Sánchez, Jorge Fernández-Gómez, Andrés Araujo-de-la-Mata
April 18, 2023 (v1)
Subject: Energy Policy
Keywords: corporate sustainability, decarbonization, energy transition, industrial clusters, innovation, oil and gas, sustainable development goals
Oil and gas (O&G) companies are facing increasing pressure to transform their businesses in order to contribute effectively to the transition from an economy based on fossil fuels to one driven by clean energy technologies. Understanding how O&G companies can define actions to comply with the United Nations’ Sustainable Development Goals (SDGs) and, specifically, how they can generate a positive impact in terms of sustainability through technology innovation becomes relevant in order to guarantee the success of such transformation. To explore this issue, this article analyzes, using a case study research methodology, the sustainability strategy of an O&G company in the Basque Country region (Spain) that is undergoing a profound transformation of its overall business strategy. In particular, the analysis focuses on how the company’s innovation and research and development (R&D) activities and projects related to clean technologies contribute to fulfilling the energy- and non-energy-rela... [more]
Differences and Similarities in Climate Change Adaptation Policy Instrument Mixes in Selected European Countries
Joanna Bukowska, Joanna Godlewska, Edyta Sidorczuk-Pietraszko
April 18, 2023 (v1)
Subject: Energy Policy
Keywords: adaptation instruments, adaptation policy, climate change adaptation
The increasingly severe effects of climate change have resulted in a shift in countries’ approach to climate policy. From an initial focus on mitigation efforts, adaptation to climate change is now given equal importance. Adaptation policies in individual countries provide for different sets of instruments owing to different natural conditions and climate change impacts and their resulting problems as well as different approaches related to the sociopolitical characteristics of the country. In the paper, we identify and classify adaptation policy instruments and then look for the differences and similarities in the adaptation instrument mixes included in the national adaptation strategic documents of selected European countries. We focused on Western European (WE) and Central and Eastern European (CEE) countries, as the latter are underrepresented in studies on adaptation policies. Based on text-mining methods, i.e., categorisation of policy instruments using a set of criteria and clus... [more]
Electricity Prices in the European Union Region: The Role of Renewable Energy Sources, Key Economic Factors and Market Liberalization
George E. Halkos, Apostolos S. Tsirivis
April 18, 2023 (v1)
Subject: Energy Policy
Keywords: competition, electricity price, energy policy, JEL classifications, market liberalization, renewables, SDG 7
Electricity is by far the most valuable energy commodity for households; hence, it is of the utmost importance for national regulatory authorities and the European Commission (EC) to guarantee affordable and unimpeded access for European citizens to this vital social good. The existing academic literature mainly focuses on the effect of specific renewable energy resources (RES), such as solar, wind, etc., on electricity prices, thus neglecting the crucial impact of the electricity market structure. In an effort to fill this gap, the present paper attempts to clarify whether the real effect of the share of total renewable energy production in the generation scheme and certain electricity market liberalization indices constitute key determinants of household electricity prices. The study is further innovative on the grounds that the empirical analysis utilizes both static and dynamic panel methodologies for a dataset including several variables introduced for the first time in academia.... [more]
Electricity Supply Unreliability and Technical Efficiency: Evidence from Listed Chinese Manufacturing Companies
Presley K. Wesseh Jr, Yuqing Zhong, Chin Hui Hao
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: China, electricity shortage, stochastic frontier analysis, technical efficiency
This study examines the extent to which electricity shortage influences technical efficiency using data of 805 listed manufacturing companies in China from 2009 to 2020 collected from the CSMAR database. To achieve the objectives of this paper, first, a stochastic frontier analysis (SFA) is used to estimate the technical efficiency (TE) score of manufacturing companies. Subsequently, the TE score is used to evaluate the electricity shortage index and other factors that are postulated to affect enterprise productivity. Two estimation methods have been adopted including ordinary least squares (OLS), which is less robust to endogeneity and instrumental variable (IV) estimation, which turns out to be more robust to endogeneity in the data. The empirical results show that, under OLS estimation, electricity shortage has a significantly negative impact on the technical efficiency of the listed manufacturing companies. However, when IV regression is implemented to address endogeneity issues in... [more]
A Review of CCUS in the Context of Foams, Regulatory Frameworks and Monitoring
Alirza Orujov, Kipp Coddington, Saman A. Aryana
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: carbon utilization, geologic storage, monitoring, nanoparticle-stabilized foams, policy
Greenhouse gas emission into the atmosphere is considered the main reason for the rise in Earth’s mean surface temperature. According to the Paris Agreement, to prevent the rise of the global average surface temperature beyond two degrees Celsius, global CO2 emissions must be cut substantially. While a transition to a net-zero emission scenario is envisioned by mid-century, carbon capture, utilization, and storage (CCUS) will play a crucial role in mitigating ongoing greenhouse gas emissions. Injection of CO2 into geological formations is a major pathway to enable large-scale storage. Despite significant recent technological advancements, mass deployment of these technologies still faces several technical and non-technical difficulties. This paper provides an overview of technical milestones reached thus far in CO2 capture, utilization, geological storage, monitoring technologies, and non-technical aspects such as regulatory frameworks and related policies in the US and the rest of the... [more]
Global Hydrogen and Synfuel Exchanges in an Emission-Free Energy System
Felix Lippkau, David Franzmann, Thushara Addanki, Patrick Buchenberg, Heidi Heinrichs, Philipp Kuhn, Thomas Hamacher, Markus Blesl
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: E-fuels, energy system, ETSAP-TIAM, Hydrogen, LH2, PtL, synfuels, TIMES
This study investigates the global allocation of hydrogen and synfuels in order to achieve the well below 2 °C, preferably 1.5 °C target set in the Paris Agreement. For this purpose, TIMES Integrated Assessment Model (TIAM), a global energy system model is used. In order to investigate global hydrogen and synfuel flows, cost potential curves are aggregated and implemented into TIAM, as well as demand technologies for the end use sectors. Furthermore, hydrogen and synfuel trades are established using liquid hydrogen transport (LH2), and both new and existing technologies for synfuels are implemented. To represent a wide range of possible future events, four different scenarios are considered with different characteristics of climate and security of supply policies. The results show that in the case of climate policy, the renewable energies need tremendous expansion. The final energy consumption is shifting towards the direct use of electricity, while certain demand technologies (e.g., a... [more]
Assessing Energy Performance Certificates for Buildings: A Fuzzy Set Qualitative Comparative Analysis (fsQCA) of Portuguese Municipalities
Matheus Koengkan, Nuno Silva, José Alberto Fuinhas
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: buildings, econometrics, economics, Energy Efficiency, energy performance certificates, fsQCA, policies, Portugal
This article presents causal recipes leading to high and low energy consumption efficiency performances using fuzzy set Qualitative Comparative Analysis (fsQCA). The study found that several causal conditions are sufficient for high energy efficiency performance, including several fiscal and financial incentive policies, a highly educated population, many completed dwellings, and low GDP. The study also found that high inequality in completed dwellings and completed reconstructions, coupled with a low GDP and a low number of policies, lead to high energy consumption efficiency performance. In addition, the analysis showed slight differences between the yearly consistencies, suggesting that time effects are not a concern. On the other hand, a low education level, Gini coefficient, few completed dwellings and reconstructions, coupled with a low number of fiscal and financial policies, are the causal conditions leading to low energy consumption efficiency performance. The study’s results... [more]
Green Jobs in the Energy Sector
Łukasz Jarosław Kozar, Adam Sulich
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: energy sector, green economy, green jobs, green self-employment, green transition, sustainable development
This article analyzes Green Jobs (GJs) in the energy sector. GJs are naturally created in the processes related to the implementation of the Sustainable Development Goals (SDGs); this is especially visible in the 7th and 8th SDGs. There is currently a green transition from fossil fuels to renewable energy sources in the energy sector, and this mainly technological change also influences GJ creation. Despite this, there is a research gap related to green self-employment and GJ definitions. The goal of this paper is to explore the scientific literature collected from the Scopus database using a qualitative approach to present areas and keywords related to GJs in the energy sector. The adopted method is a Structured Literature Review (SLR), with the original query Q1. The retrieved data results of the SLR method were analyzed in the form of bibliometric maps of co-occurring keywords generated by the VOSviewer software, together with tables showing clusters of keyword features. As a result... [more]
An Economic Analysis of Solar Energy Generation Policies in the UAE
Mayyas Alsalman, Vian Ahmed, Zied Bahroun, Sara Saboor
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: energy demand, energy policy mechanism, greenhouse gas emissions, Renewable and Sustainable Energy
Despite global efforts to reduce greenhouse gas emissions, the energy sector remains a major contributor, with hydrocarbon-based resources fulfilling around 80% of energy needs. As such, there is a growing focus on identifying effective and economically feasible policy mechanisms to promote renewable energy adoption. This study focuses on the theoretical problems surrounding the adoption of renewable energy policies. The study aims to highlight the potential for sustainable growth using renewable energy in the UAE and identify the most viable policy mechanisms for enhancing grid-tied solar energy adoption using qualitative and quantitative data collection methods and the HOMER Grid software. Compared to previous research, this study contributes by identifying a unified renewable energy policy mechanism that could significantly enhance the adoption of grid-tied solar energy generation in the UAE. The study’s main findings show that a unified renewable policy mechanism could enhance grid... [more]
Digitalisation and Modernisation of Hydropower Operating Facilities to Support the Colombian Energy Mix Flexibility
Aldemar Leguizamon-Perilla, Juan S. Rodriguez-Bernal, Laidi Moralez-Cruz, Nidia Isabel Farfán-Martinez, César Nieto-Londoño, Rafael E. Vásquez, Ana Escudero-Atehortua
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: digital transformation, energy transition, hydropower digitalisation, hydropower projects, Renewable and Sustainable Energy, technology development
Hydropower plants cover almost 70% of the Colombian electrical demand, were built several decades ago, and present low levels of digitisation compared to other modern power-generation technologies, e.g., wind turbines, solar PV plants, and recently buil hydroelectric plants t. Renovating power plant equipment and investing in modernisation and digitisation can significantly increase the plant flexibility. Those actions will increase a plant’s operational safety and contribute to the solution of environmental and social problems. This work presents the actions followed to extend the lifetime of a 1000 MW hydropower plant operating for more than 40 years. Activities included a residual life status evaluation of generators and component upgrades, among others. The rehabilitation and digitalisation of the generation units allow their integration and remote monitoring so that diagnostic actions can be carried out during a continuous and economically sustainable operation. These activities c... [more]
China’s Inter-Provincial Energy Security Resilience Assessment over Space and Time: An Improved Gray Relational Projection Model
Pin Li, Jinsuo Zhang
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: energy resilience, gray relational projection model, optimizing weight, spatial–temporal pattern
In recent years, with the increasing impact of extreme weather events on energy security, energy vulnerability has increased significantly, and more and more international institutions and departments have begun to incorporate resilience governance into energy security. This paper focuses on China’s inter-provincial energy security assessment. Compared with existing relevant research, the significant features of our work are (i) introducing the concept of energy resilience and presenting its evolution mechanism and evaluation criteria, (ii) developing a gray relational projection model by using the level difference maximization and optimization theory, (iii) measuring the energy resilience of 30 Chinese provinces over space and time. Our results show that the spatial−temporal patterns of energy resilience in China changed significantly from 2005 to 2018. High energy resilience moved from provinces with abundant nonrenewable energy before 2010 to provinces with high energy diversity. En... [more]
Oil Price and Composite Risk Exposure within International Capital Asset Pricing Model: A Case of Saudi Arabia and Turkey
Amjad Taha, Gulcay Tuna
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: country risk, international CAPM, Markov-switching model, oil price risk
The aim of this study was to investigate and compare investment opportunities in the financial markets of Saudi Arabia, a net oil-exporting country, and Turkey, a net oil-importing country, in the Middle East. The international capital asset pricing model (ICAPM) was extended by considering local factors proxied by country risk (CR) and oil price risk exposures of the excess returns of Saudi Arabia and Turkey. In this study, we employed the extended ICAPM in a two-state Markov-switching setting for the sample period of January 2005 to December 2018 to explore whether the risk premium is time-varying. The results suggested that systematic risk is time-varying depending on the state of the financial markets and is affected by both global and local factors. Saudi Arabia offered higher excess returns during the high-volatility regime compared to that of the World Index and enjoyed higher returns during the low-risk regime from oil price shocks. Turkey was negatively affected by oil price s... [more]
On the Adoption of Rooftop Photovoltaics Integrated with Electric Vehicles toward Sustainable Bangkok City, Thailand
Thiti Jittayasotorn, Muthiah Sadidah, Takahiro Yoshida, Takuro Kobashi
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: Bangkok, electric vehicle, energy transition, rooftop PV, urban decarbonization
Realizing urban energy systems with net-zero CO2 emissions by 2050 is a major goal of global societies in building sustainable and livable cities. Developing cities hold a key to meeting this goal, as they will expand rapidly in the next decades with increasing energy demand, potentially associated with rising CO2 emissions and air pollution if fossil fuels continue to be utilized. Therefore, identifying equitable, cost-effective, and deep decarbonization pathways for developing cities is essential. Here, we analyzed Bangkok City, Thailand, using the System Advisor Model (SAM) for techno-economic analysis to evaluate the decarbonization potential of rooftop photovoltaics (PV) integrated with electric vehicles (EVs) as batteries on a city scale. The analyses took into consideration hourly local weather conditions, electricity demand, electricity tariffs, feed-in-tariffs, degradation, declining costs of PV and EV, etc., specific to Bangkok. As the prices of PV and EVs decrease over the n... [more]
Biomass to H2: Evaluation of the Impact of PV and TES Power Supply on the Performance of an Integrated Bio-Thermo-Chemical Upgrading Process for Wet Residual Biomass
Matteo Baldelli, Lorenzo Bartolucci, Stefano Cordiner, Giorgio D’Andrea, Emanuele De Maina, Vincenzo Mulone
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: energy transition, Hydrogen, integrated biomass conversion, waste biomass
The last Intergovernmental Panel on Climate Change (IPPC) assessment report highlighted how actions to reduce CO2 emissions have not been effective so far to achieve the 1.5 C limit and that radical measures are required. Solutions such as the upgrading of waste biomass, the power-to-X paradigm, and an innovative energy carrier such as hydrogen can make an effective contribution to the transition toward a low-carbon energy system. In this context, the aim of this study is to improve the hydrogen production process from wet residual biomass by examining the advantages of an innovative integration of anaerobic digestion with thermochemical transformation processes. Furthermore, this solution is integrated into a hybrid power supply composed of an electric grid and a photovoltaic plant (PV), supported by a thermal energy storage (TES) system. Both the performance of the plant and its input energy demand—splitting the power request between the photovoltaic system and the national grid—are... [more]
Energy Transition and the Economy: A Review Article
Talat S. Genc, Stephen Kosempel
April 17, 2023 (v1)
Subject: Energy Policy
Keywords: conventional energy, energy transition, environment, pollution, renewables
The global energy sector is in a period of transition, during which time it is expected that renewable and low-carbon energy sources, such as wind and solar, will replace traditional fossil fuels, including oil, gas, and coal. The energy transition is happening not only to limit the environmental impact of fossil fuel production and consumption but also to ensure energy security, reliability, access, affordability, and sustainability. The importance of the energy transition has been amplified by recent events, notably the Russian-Ukraine conflict. Economic, financial, and trade sanctions against Russia, and in particular its oil and gas industry, have forced countries to find new suppliers in the short term, but also to investigate new and more sustainable sources to guarantee long-term energy security. Given the importance of energy, it is perhaps not unexpected that there is a considerable body of recent academic literature, particularly over the last 4−5 years, studying what industr... [more]
Towards Understanding Interactions between Sustainable Development Goals: The Role of Climate-Well-Being Linkages. Experiences of EU Countries
Agnieszka Sompolska-Rzechuła, Agnieszka Kurdyś-Kujawska
April 14, 2023 (v1)
Subject: Energy Policy
Keywords: climate, COVID-19, energy policy, EU member states, linear ordering of objects, sustainable development, well-being
The 2030 Agenda with 17 Sustainable Development Goals (SDGs) is a challenge for all countries in the world. Their implementation may turn out to be a compromise or the creation of effective interactions that dynamize sustainable development. To achieve the SDGs, it is essential to understand how they interact with each other. It seems that in the times of the climate and health crisis caused by the COVID-19 pandemic, caring for the environment and ensuring a healthy life and promoting well-being at all ages is the basis for environmental, economic and social sustainable development. The aim of the study is to compare the degree of implementation of the goals of sustainable development in the scope of goal 13 “Climate action” and goal 3 “Good health and well-being” in the EU countries. In addition, we analyze how trade-offs and synergies between these goals have developed. Data from the Eurostat database were used to achieve the goal. The study used the method of multivariate comparativ... [more]
Will the Management Structure of Energy Administrators Affect the Achievement of the Electrical Efficiency Mandatory Target for Taiwan Factories?
Feng-Fan Liao, Wun-Hwa Chen
April 14, 2023 (v1)
Subject: Energy Policy
Keywords: energy administrator, energy audit, Energy Efficiency, energy efficiency policy programs, energy management, target of 1% electricity saving
Since 2014, Taiwan has promoted a 1% annual electricity saving target to promote electrical efficiency efforts. As the industrial sector accounts for approximately 60% of the overall electricity consumption of Taiwan, this sector presents the greatest opportunity for improving Taiwan’s overall energy efficiency. Here, the energy audit data of industrial energy users are analyzed via logistic regression to understand the factors impacting their likelihood of achieving the targeted 1% electricity saving. Of the variables under study, the number of employees and the rank of the energy administrator were significantly correlated with the likelihood of reaching the electricity saving target. Within the management structure of the factory, energy users with higher-ranking energy administrators are more likely to achieve the targeted 1% electricity saving. As it is impractical to rapidly increase the number of employees, higher-ranking employees, i.e., factory executives, should be appointed... [more]
Analysis of the Net Metering Schemes for PV Self-Consumption in Denmark
Helena Martín, Jordi de la Hoz, Arnau Aliana, Sergio Coronas, José Matas
April 14, 2023 (v1)
Subject: Energy Policy
Keywords: Denmark, electricity taxes, net metering, net settlement, PV, regulatory framework, self-consumption
The current Danish regulatory framework BEK 999/2016 for hourly net settled new PV facilities is analysed in detail, evaluating the technical and economic differences between the several envisioned schemes. In addition to the saved cost of the self-consumed energy, the transmission system operator (TSO) tariffs and the public service obligation (PSO) tax are avoided for the self-consumed energy. Advantages regarding the electricity tax and VAT can also be obtained but according to a more varied casuistry, with a particular incentivizing effect for the residential customers. The installation-connected type group 2 is found the cheaper scheme and the billing concepts responsible for its minor cost are identified. This analysis is expected to contribute to discerning the different economic outcomes of the various schemes, helping to take informed investment decisions. Transcending the local value, some common characteristics of this complex framework that can also be found in other regula... [more]
Time Delay Approach to Renewable Energy in the Visegrad Group
Krzysztof Księżopolski, Grzegorz Maśloch
April 14, 2023 (v1)
Subject: Energy Policy
Keywords: Energy, GDP, Modelling, public policy, Renewable and Sustainable Energy, Visegrad Group
Climate changes necessitate measures to reduce greenhouse gas emissions (GHG). The European Union’s climate and energy policy places particular emphasis on the development of renewable energy, considered to be the primary mean in achieving the climate neutrality goal by 2050. Having in mind the aforementioned, the study was conducted to determine time delay in the development of renewable energy sources between the Visegrad Group (V4) countries and Germany, considered the most advanced country in developing renewable energy and having the greatest impact on shaping European Union climate and energy policy. The time delay econometric method was used in four of its variants. The research results show that, despite the existence of support mechanisms, the development of renewable energy sources (RES) in the V4 countries has a high mutual correlation. There is a hight correlation between RES penetration in energy mix and UE goals of the climate and energy policy until 2020. At the same tim... [more]
Investigating Preconditions for Sustainable Renewable Energy Product−Service Systems in Retail Electricity Markets
Widha Kusumaningdyah, Tetsuo Tezuka, Benjamin C. McLellan
April 14, 2023 (v1)
Subject: Energy Policy
Keywords: Energy Product–Service Systems, energy transition, Renewable and Sustainable Energy, retail market
Energy transitions are complex and involve interrelated changes in the socio-technical dimensions of society. One major barrier to renewable energy transitions is lock-in from the incumbent socio-technical regime. This study evaluates Energy Product−Service Systems (EPSS) as a renewable energy market mechanism. EPSS offer electricity service performance instead of energy products and appliances for household consumers. Through consumers buying the service, the provider company is enabled to choose, manage and control electrical appliances for best-matched service delivery. Given the heterogenous market players and future uncertainties, this study aims to identify the necessary conditions to achieve a sustainable renewable energy market. Simulation-Based Design for EPSS framework is implemented to assess various hypothetical market conditions’ impact on market efficiency in the short term and long term. The results reveal the specific market characteristics that have a higher chance of... [more]
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