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on Energy Economics |
By: | J. Martinez; Jaime Marti-Herrero; S. Villacis; A. J. Riofrio; D. Vaca |
Abstract: | The objective of this study is to analyze the CO2 emissions and economic impacts of the implementation of the National Efficient Cooking Program (NECP) in Ecuador, which aims to migrate the population from Liquefied Petroleum Gas (LPG)-based stoves to electric induction stoves. This program is rooted in the current effort to change Ecuador's energy balance, with hydroelectric power expected to generate 83.61% of national electricity by 2022, ending the need for subsidized LPG. For this analysis, the 2014 baseline situation has been compared with two future scenarios for 2022: a business-as-usual scenario and an NECP-success scenario. This study demonstrates the viability of migration from imported fossil fuels to locally-produced renewable energy as the basis for an efficient cooking facility. The new policies scenario would save US$ 1.162 billion in annual government expenditure on cooking subsidies, and reducing CO2 emissions associated to energy for cooking in 1.8 tCO2/y. |
Date: | 2025–01 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2502.07788 |
By: | Viktoriya Ereshchenko; Elena Popic |
Keywords: | Energy-Energy Conservation & Efficiency Energy-Energy Resources Development Energy-Renewable Energy Environment-Environment and Energy Efficiency |
Date: | 2024–12 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42581 |
By: | Energy Sector Management Assistance Program (ESMAP) |
Keywords: | Energy |
Date: | 2025–01 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42717 |
By: | E. Hordvei; S. Hummelen; M. Petersen; S. Backe; P. Granado |
Abstract: | As the European countries strive to meet their ambitious climate goals, renewable hydrogen has emerged to aid in decarbonizing energy-intensive sectors and support the overall energy transition. To ensure that hydrogen production aligns with these goals, the European Commission has introduced criteria for additionality, temporal correlation, and geographical correlation. These criteria are designed to ensure that hydrogen production from renewable sources supports the growth of renewable energy. This study assesses the impact of these criteria on green hydrogen production, focusing on production costs and technology impacts. The European energy market is simulated up to 2048 using stochastic programming, applying these requirements exclusively to green hydrogen production without the phased-in compliance period outlined in the EU regulations. The findings show that meeting the criteria will increase expected system costs by 82 EUR billion from 2024 to 2048, largely due to the rapid shift from fossil fuels to renewable energy. The additionality requirement, which mandates the use of new renewable energy installations for electrolysis, proves to be the most expensive, but also the most effective in accelerating renewable energy adoption. |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2502.10859 |
By: | Eliseo Curcio |
Abstract: | This study presents a comprehensive techno-economic analysis of gray, blue, and green hydrogen production pathways, evaluating their cost structures, investment feasibility, infrastructure challenges, and policy-driven cost reductions. The findings confirm that gray hydrogen (1.50-2.50/kg) remains the most cost-effective today but is increasingly constrained by carbon pricing. Blue hydrogen (2.00-3.50/kg) offers a transitional pathway but depends on CCS costs, natural gas price volatility, and regulatory support. Green hydrogen (3.50-6.00/kg) is currently the most expensive but benefits from declining renewable electricity costs, electrolyzer efficiency improvements, and government incentives such as the Inflation Reduction Act (IRA), which provides tax credits of up to 3.00/kg. The analysis shows that renewable electricity costs below 20-30/MWh are essential for green hydrogen to achieve cost parity with fossil-based hydrogen. The DOE's Hydrogen Shot Initiative aims to lower green hydrogen costs to 1.00/kg by 2031, emphasizing the need for CAPEX reductions, economies of scale, and improved electrolyzer efficiency. Infrastructure remains a critical challenge, with pipeline retrofitting reducing transport costs by 50-70%, though liquefied hydrogen and chemical carriers remain costly due to energy losses and reconversion expenses. Investment trends indicate a shift toward green hydrogen, with over 250 billion projected by 2035, surpassing blue hydrogen's expected 100 billion. Carbon pricing above $100/ton CO2 will likely make gray hydrogen uncompetitive by 2030, accelerating the shift to low-carbon hydrogen. Hydrogen's long-term viability depends on continued cost reductions, policy incentives, and infrastructure expansion, with green hydrogen positioned as a cornerstone of the net-zero energy transition by 2035. |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2502.12211 |
By: | Can, Zeynep Gizem (University of Galway); O'Donoghue, Cathal (National University of Ireland, Galway); Sologon, Denisa Maria (LISER (CEPS/INSTEAD)) |
Abstract: | As middle income countries grow they see an increase in demand for energy. To avoid extreme climate change as these countries develop, there will be a need to decarbonise the increased energy consumption as they grow. We use the PRICES microsimulation model to examine the impact of carbon pricing across the income distribution in Türkiye. In particular we assess the joint distributional impact of combining both carbon taxation with revenue recycling. We evaluate both the relative performance of existing excise duties and additional carbon taxation. Despite the relative large change in the tax rate, replacing excise duties with carbon related excise duties has a relatively small distributional impact, with carbon taxes slightly less regressive than excised duties. Additional carbon taxes equivalent to €30 per tCO2 are regressive, increasing inequality. However we find that revenue recycling has a greater impact on inequality than the tax itself, with targeted instruments reducing inequality, while flatter instruments when combing with the carbon tax do not fully compensate for the increased inequality from the carbon tax. Although the carbon tax reduced emissions, revenue recycling mitigated this impact with a trade off between redistribution and emissions reduction. |
Keywords: | carbon pricing, middle income countries, revenue recycling, microsimulation |
JEL: | Q58 C15 |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17701 |
By: | Monica Robayo-Abril; Jonathan Karver; Britta Rude; Ailin Tomio; Alessandro Silvestri; Kiyomi Cadena |
Keywords: | Energy-Energy and Poverty Alleviation Energy-Energy Consumption Environment-Climate Change Impacts Environment-Climate Change Mitigation and Green House Gases |
Date: | 2024–09 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42158 |
By: | World Bank |
Keywords: | Energy-Renewable Energy Energy-Windpower Law and Development-Environmental & Natural Resources Law |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42461 |
By: | Wollburg, Philip Randolph; Hallegatte, Stephane; Mahler, Daniel Gerszon |
Abstract: | Previous studies have explored potential conflicts between ending poverty and limiting global warming, by focusing on the carbon emissions of the world’s poorest. This paper instead focuses on economic growth as the driver of poverty alleviation and estimates the emissions associated with the growth needed to eradicate poverty. With this framing, eradicating poverty requires not only increasing the consumption of poor people, but also the consumption of non-poor people in poor countries. Even in this more pessimistic framing, the global emissions increase associated with eradicating extreme poverty is small, at 2.37 gigatonnes of equivalent carbon dioxide in 2050, or 4.9 percent of 2019 global emissions. These additional emissions would not materially affect the global climate change challenge: global emissions would need to be reduced by 2.08 gigatonnes of equivalent carbon dioxide per year, instead of the 2.0 gigatonnes of equivalent carbon dioxide per year needed in the absence of any extreme poverty eradication. Lower inequality, higher energy efficiency, and decarbonization of energy can significantly ease this trade-off: assuming the best historical performance in all countries, the additional emissions for poverty eradication are reduced by 90 percent. Therefore, the need to eradicate extreme poverty cannot be used as a justification for reducing the world’s climate ambitions. When trade-offs exist, the eradication of extreme poverty can be prioritized with negligible emissions implications. The estimated emissions of eradicating poverty are 15.3 percent of 2019 emissions with the lower-middle-income poverty line at $3.65 per day and or 45.7 percent of 2019 emissions with the $6.85 upper-middle-income poverty line. The challenge to align the world’s development and climate objectives is not in reconciling extreme poverty alleviation with climate objectives but in providing middle-income standards of living in a sustainable manner. |
Date: | 2023–02–24 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wbrwps:10318 |
By: | Mohamed Zakaria Kamh; Waleed Tayseer Alhaddad; Doug Bowman |
Keywords: | Energy-Electric Power Finance and Financial Sector Development-Payment Systems & Infrastructure |
Date: | 2024–07 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:41921 |
By: | M. Mani; H. Pollitt |
Keywords: | Environment-Adaptation to Climate Change |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42397 |
By: | World Bank |
Keywords: | Environment-Adaptation to Climate Change Environment-Climate Change Mitigation and Green House Gases Environment-Coastal and Marine Environment Environment-Marine Environment |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42361 |
By: | Dilip Limaye; Jas Singh; Selena Jihyun Lee |
Keywords: | Energy-Energy Conservation & Efficiency Energy-Energy Consumption Energy-Energy Finance Environment-Adaptation to Climate Change Public Sector Development |
Date: | 2025–01 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42714 |
By: | World Bank |
Keywords: | Environment-Adaptation to Climate Change Environment-Coastal and Marine Environment Environment-Carbon Policy and Trading Environment-Climate Change Mitigation and Green House Gases |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42360 |
By: | Ning Qi; Bolun Xu |
Abstract: | This paper proposes a novel method to generate bid ceilings for energy storage in electricity markets to facilitate social welfare convergence and regulate potential market power exercises. We derive the bid bounds based on a tractable multi-period economic dispatch chance-constrained formulation that systematically incorporates the uncertainty and risk preference of the system operator. The key analytical results verify that the bounds effectively cap the truthful storage bid across all uncertainty scenarios with a guaranteed confidence level. And the cleared storage bids should be bounded by the risk-aware locational marginal price. We show that bid bonds decrease as the state of charge increases but rise with greater net load uncertainty and risk preference. We test the effectiveness of the proposed pricing mechanism based on the 8-bus ISO-NE test system, including agent-based storage bidding models. Simulation results show that the bid bounds effectively adjust storage bids to align with the social welfare objective. Under 30% renewable capacity and 20% storage capacity, the bid bounds contribute to an average reduction of 0.17% in system cost, while increasing storage profit by an average of 10.16% across various system uncertainty scenarios and bidding strategies. These benefits scale up with increased storage capacity withholding and storage capacity. |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2502.18598 |
By: | Marine Kohler (CentraleSupélec, Greenly (Offspend SAS)) |
Abstract: | Carbon credits have generated an increasing amount of controversies during the beginning of the 2020's -culminating in the turmoil generated by SBti's declaration to integrate them in scope 3 reduction targets. These controversies resulted in the market shrinking significantly in 2023, loosing up to 60% for its initial value. It went from a booming market to being a disregarded option in corporate climate strategies. Yet, as stated by the IPCC, the increase of natural or industrial carbon sinks is necessary to uphold the Paris agreements and limit the impacts of climate change. In line with science, Greenly thus decided to edit recommendations so that companies are able to navigate the risks associated with carbon offsetting and contribute to reaching Global Net Zero. |
Keywords: | Offset, emissions, Additionnality, CCS, CCU |
Date: | 2024–06–24 |
URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04954426 |
By: | World Bank; International Energy Agency (IEA); International Carbon Action Partnership (ICAP) |
Keywords: | Energy-Energy Finance |
Date: | 2024–09 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42091 |
By: | Energy Sector Management Assistance Program (ESMAP) |
Keywords: | Energy-Renewable Energy |
Date: | 2024–12 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42578 |
By: | World Bank |
Keywords: | Energy-Renewable Energy |
Date: | 2024–12 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42516 |
By: | Budría, Santiago (Universidad Nebrija); Fermé, Eduardo (University of Madeira); Freitas, Diogo Nuno (University of Madeira) |
Abstract: | Identifying at-risk populations is essential for designing effective energy poverty interventions. Using data from the HILDA Survey, a longitudinal dataset representative of the Australian population, and a multidimensional index of energy poverty, we develop a machine learning model combined with SHAP (SHapley Additive exPlanations) values to document the short- and long-term effects of individual and contextual factors—such as income, energy prices, and regional conditions—on future energy poverty outcomes. The findings emphasize the importance of policies focused on income stability and may be used to shift the policy focus from reactive measures, which address existing poverty, to preventive strategies that target households showing early signs of vulnerability. |
Keywords: | Energy poverty, panel data, explainable AI, time-series analysis, public policy, temporal dynamics, feature importance |
JEL: | I32 D12 C53 |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17669 |
By: | World Bank |
Date: | 2024–12 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42291 |
By: | Dube, Benhilda; Nyika, Teresa; Pasara, Michael Takudzwa |
Abstract: | This study analyses global value chain participation (GVCP) in Zimbabwe's two critical sectors of agriculture and mining in the face of environmental pollution and climate change. Mining and agriculture are Zimbabwe's largest export sectors by value, and the later plays a critical role towards food security. However, the two sectors have potential conflicting interests on land as well as environmental pollution. The study employs the Auto Regressive Distributive Lag (ARDL) and ARDL-EC (error correction), to analyse short-run and long-run relationships. The results indicate that, in the short run, lagged GVCP agriculture exerts positive pressure on GVCPagriculture by 0.66% while, climate change (droughts) and pollution (CO2 emissions) exert negative pressure on GVCP agriculture at 5% and 1% level of significance, respectively. However, GVCP mining and population growth did not significantly reduce GVCP agriculture. Moreover, GVCP mining and population growth increase transport CO2 emissions both in the short run and long run at 5% and 1% level, respectively. Thus, mining is not environmentally neutral. In the long run, interaction between population growth and mining rents reduce transport CO2 levels at 5% level. The study recommends government to raise mineral taxes for those participating in mining and use the revenues to subsidise the agriculture sector. In the agriculture sector, government can remove import tax on agriculture equipment such irrigation equipment as well as the removal of other restrictions including opening up grain price to market forces to increase quality and level of participation. The government should continue enacting and enforcing policies which minimize pollution, such as limits on carbon emissions. |
Date: | 2024–11–27 |
URL: | https://d.repec.org/n?u=RePEc:aer:wpaper:0ad7f4c9-011d-4ab6-b748-ae6e68a079eb |
By: | Alfath, Muhammad Hafizh; Wandebori, Harimukti; Prawiraatmadja, Widhyawan |
Abstract: | Since the Paris Agreement in 2015, climate change has become an important global issue, prompting companies to adopt sustainable practices. PT United Tractors Tbk (UT), which relies heavily on coal, faces challenges due to the declining coal market and increasing emphasis on Environmental, Social and Governance (ESG) principles. This research explores UT's strategic transition to diversify into the minerals and renewable energy sectors and assesses the potential of Sustainability Linked Loans (SLL) to support this transition. The research aims to evaluate UT's readiness to implement SLL by examining its business strategy, ESG initiatives, and financial performance. A qualitative approach was used, involving semi-structured interviews with UT management and analysis of annual reports. Findings show that UT is committed to achieving a 50-50 revenue balance between coal and non-coal businesses by 2030. SLL offers a viable funding solution, providing financial flexibility and incentivizing ESG improvements through interest rate discounts. The study concludes that UT's strong commitment to sustainability and proactive management puts it in a good position to obtain SLL, enhancing its ability to balance its portfolio and achieve long-term sustainability. Recommendations include improving ESG measurement systems, securing SLL agreements, and continuously monitoring ESG achievements to maximize benefits. |
Date: | 2024–08–08 |
URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:6nkr8_v1 |
By: | Angrist, Noam; Winseck, Kevin; Patrinos, Harry Anthony; Zivin, Joshua S. Graff |
Abstract: | Addressing climate change requires individual behavior change and voter support for pro-climate policies, yet surprisingly little is known about how to achieve these outcomes. This paper estimates causal effects of additional education on pro-climate outcomes using new compulsory schooling law data across 16 European countries. It analyzes effects on pro-climate beliefs, behaviors, policy preferences, and novel data on voting for green parties—a particularly consequential outcome to combat climate change. Results show a year of education increases pro-climate beliefs, behaviors, most policy preferences, and green voting, with voting gains equivalent to a substantial 35% increase. |
Date: | 2023–02–24 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wbrwps:10316 |
By: | Budría, Santiago (Universidad Nebrija); Li Donni, Paolo (Università degli Studi di Milano); Zucchelli, Eugenio (Universidad Autónoma de Madrid) |
Abstract: | Energy poverty and health appear to be closely related, yet robust evidence on whether and how they mutually influence each other over time is still limited. We employ a dynamic latent class model on rich longitudinal data from the Household, Income, and Labor Dynamics in Australia Survey to uncover patterns of dynamic interdependence between energy poverty and ill-health. Our approach integrates key modelling features, such as state dependence and time-varying unobserved heterogeneity, while also revealing and quantifying mechanisms of joint dependence over time. Unlike previous studies, our model shows that although energy poverty and ill-health seem to mutually influence each other, the effect of ill-health on energy poverty appears to be comparatively larger, suggesting that ill-health might be a stepping stone to energy poverty. In addition, we identify three main types of individuals corresponding to different socioeconomic profiles and varying levels of vulnerability to changes in energy prices. These findings may indicate the need for targeted interventions rather than exclusive reliance on energy subsidies. |
Keywords: | energy poverty, health, dynamic latent class models, HILDA |
JEL: | C33 C35 I31 I32 |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17678 |
By: | World Bank |
Keywords: | Environment-Air Quality & Clean Air Environment-Pollution Management & Control |
Date: | 2024–08 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:41995 |
By: | World Bank |
Keywords: | Environment-Carbon Policy and Trading |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42463 |
By: | World Bank; Carbon Markets Infrastructure Working Group |
Keywords: | Environment-Adaptation to Climate Change Environment-Carbon Policy and Trading Environment-Climate Change Impacts |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42389 |
By: | Blouin, Simon; Herwix, Alexander; Rivers, Morgan; Tieman, Ross; Denkenberger, David C. |
Abstract: | The food supply chain's heavy reliance on electricity poses significant vulnerabilities in the event of prolonged and widespread power disruptions. This study introduces a system-dynamics model that integrates five critical infrastructures—electric grid, liquid fossil fuels, Internet, transportation, and human workforce—to evaluate the resilience of food supply chains to major power outages. We validate the model using the 2019 Venezuelan blackouts as a case study, demonstrating its predictive validity. We then explore how more extreme electricity losses would disrupt the supply chain. More specifically, we model the impact of a large-scale cyberattack on the US electric grid and a high-altitude electromagnetic pulse (HEMP) event. A cyberattack severely damaging the US electric grid and allowing for recovery within a few weeks or months would lead to substantial drops in food consumption. However, it would likely still be possible to provide adequate calories to everyone, assuming that food is equitably distributed. In contrast, a year-long recovery from a HEMP event affecting most of the continental US could precipitate a state of famine. Our analysis represents a first attempt at quantifying how food availability progressively worsens as power outages extend over time. Our open-source model is made publicly available, and we encourage its application to other catastrophic scenarios beyond those specifically considered in this work (e.g., extreme solar storms, high-lethality pandemics). |
Date: | 2024–08–02 |
URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:dc529_v1 |
By: | World Bank |
Keywords: | Energy-Energy Resources Development Energy-Oil & Gas Energy-Energy and Environment Environment-Adaptation to Climate Change Environment-Pollution Management & Control |
Date: | 2024–12 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42520 |
By: | Yedong Zhang; Hua Han |
Abstract: | Against the macro-background of "carbon peaking and carbon neutrality" goals, eco-environment protection regulations are increasingly stricter. Facing high government regulatory risks and frequent environment lawsuits, corporate environmental compliance starts to play a vital role in healthy corporate operation. Law fulfillment routes constitute a critical part in corporate environmental compliance. Few academic scholars have conducted a profound analysis or discussion of legal accomplishment routes for corporate environmental compliances. As a matter of fact, legal routes for accomplishing corporate environmental compliance should be based proper theories concerning corporate environmental rights and obligations as well as dual layer nested governance structure (government environmental power and corporate environmental liabilities). Under the guidance of environmental jurisprudence, enterprises are responsible for setting up practical legal fulfillment routes for their environmental compliance-related rights and obligations. A diversified environmental governance layout composed of government regulation, enterprise self-discipline and social participation should be established. Within enterprises, effective legal routes should be developed for dealing with government regulatory risks and environment lawsuit risks at the same time. |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2502.13543 |
By: | World Bank Group |
Keywords: | Environment-Adaptation to Climate Change Environment-Climate Change Mitigation and Green House Gases Urban Development-Transport in Urban Areas Urban Development-National Urban Development Policies & Strategies |
Date: | 2024–12 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42482 |
By: | International Finance Corporation |
Keywords: | Environment-Adaptation to Climate Change Environment-Environmental Economics & Policies |
Date: | 2024–09 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42172 |
By: | Dasgupta, Susmita; Lall, Somik V.; Wheeler, David |
Abstract: | This paper extends recent research on satellite-based carbon dioxide measurement to an easily updated template for tracking changes in carbon dioxide concentrations at local and regional scales. Using data from the National Aeronautics and Space Administration’s Orbiting Carbon Observatory-2 satellite platform and a large sample of urban areas, a comparison of trend estimation models suggests that the template can use a simple model that estimates trends directly from satellite data pre-filtered to isolate local concentration anomalies. Illustrative applications are developed for a long-period trend model and a short-period model focused on change in the most recent year. In addition, the paper estimates carbon dioxide emissions for thousands of urban areas and identifies cities whose emissions performance is above or below expectation. Although the tracking model is “simple, ” it requires software and hardware that are beyond the means of many interested stakeholders. For this reason, the World Bank’s Development Economics Vice Presidency has established an open web facility that pre-filters data from the National Aeronautics and Space Administration’s Orbiting Carbon Observatory-2satellite and publishes monthly mean concentration anomalies for all terrestrial cells of a 25-kilometer global grid. The website will also publish annual carbon dioxide tracking reports for urban areas and provide information that links the 25-kilometer global grid cell IDs to IDs for urban areas and national administrative units (levels 0, 1, and 2). |
Date: | 2023–02–07 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wbrwps:10297 |
By: | Fatima Batool (Central University of Finance and Economics [Beijing]); Muhammad Mohsin (UniGe - Università degli studi di Genova = University of Genoa) |
Abstract: | The global business landscape is shiftingtowards sustainability due to escalating environmental concerns. This review examines the interplay between green innovation, business sustainability, and the green finance, focusing on China's listed industries. The methodology of the paper is to involve a combination of theoretical frameworks, literature review, and hypothesis formulation to explore the relationship between business sustainability, green innovation, the green finance, and the role of green intellectual capital. Drawing upon the resource-based view and institutional theory, this paper analyzes data from heavily polluting enterprises in Shanghai and Shenzhen A-share recorded manufacturing firms from 2012 to 2023. The study explores the relationship between business sustainability applications and corporate sustainable development performance, as well as the mediating role of green innovation and institutional pressure. Findings indicate a significant positive impact of Business Sustainability application on corporate sustainable development performance, with green innovation acting as a partial intermediary. The study also highlights the role of institutional pressure in regulating these effects. This review offers practical insights for fostering sustainable corporate development by synthesizing diverse scholarly articles, empirical studies, and industry reports, It provides an in-depth analysis of China's current status of green innovation and its implications for the broader economic landscape. |
Keywords: | Global landscape, Environmental concerns, Sustainable practices, Green innovation, Business sustainability, Green finance, China's listed industries |
Date: | 2024–04–09 |
URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04964597 |
By: | Lavoie, Declan; Maraj, Anika; Parascandalo, Fiona; Wong, Gigi Y.C.; Sergeant, Myles D |
Abstract: | Objective: To provide health care decision makers and practitioners with an understanding of existing tools that can be utilized to evaluate suppliers’ commitments and performance in emissions reduction and sustainability. Data sources: The study is based on a literature review and a subsequent analysis of various tool websites. Study Design: We provide an overview of the types of tools available that can be used to evaluate the carbon footprints of individual companies and rate their performance, as well as certifications that formally recognize companies’ sustainability practices and commitments. The tools and rating systems selected are industry leading, widely used, and easily accessible. Principal findings: Procurement models that prioritize sustainability have the potential to fundamentally shift supplier practices so that they take on their own commitments to science-based, net-zero targets. Conclusions: Although it is challenging to assess the footprint associated with individual products and services, using the available tools and certifications to evaluate suppliers’ commitment and performance in environmental stewardship can lead to a reduction in health care’s carbon footprint. |
Date: | 2024–04–05 |
URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:d45uj_v1 |
By: | Anne de Bortoli; Adelaide Feraille |
Abstract: | Long-distance mobility sustainability, high-speed railways (HSR) decarbonization effect, and bans for short-haul flights are debated in Europe. Yet, holistic environmental assessments on these topics are scarce. A comparative life cycle assessment (LCA) was conducted on the Paris-Bordeaux transportation options in France: HSR, plane, coach, personal car, and carpooling. The overall ranking on four environmental indicators, from best to worst, is as follows: coach, HSR, carpooling, private car, and plane. Scenario analyses showed that increasing train occupancy decreases the environmental impact of the mode (-12%), while decreasing speed does not. Moreover, worldwide carbon footprints of electric HSR modes range 30-120 gCO2eq per passenger-kilometer traveled. Finally, a consequential LCA highlighted carbon paybacks of the HSR project. Under a business-as-usual trip substitution scenario, the HSR gets net-zero 60 years after construction. With a short-haul flight ban, it occurs after 10 years. This advocates for generalizing short-haul flight bans and investing in HSR infrastructure. |
Date: | 2025–01 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2502.05192 |
By: | Arcusa, Stephanie; Hagood, Emily |
Abstract: | What should be the definition and implementation of durable carbon storage? As carbon markets are expanding to include various forms of Carbon Dioxide Removal (CDR), the time is right to revisit this topic in relation to standard development. Particularly, we look for mechanisms that could be implemented across CDR methods so that certification guarantees sequestration on climate-relevant timescales while preserving the collective sequestration effort. Collecting data from 29 international standard developing organizations and one large carbon removal purchaser, we review the different definitions and mechanisms proposed to implement durability and manage reversals. We find the most often used stipulated contractual definition of durable storage by standard developing organizations is 100 years but ranges from 10 to beyond 100 years. Six different durability mechanisms are employed for various goals, which may not be intended for or aligned with climate mitigation purposes. Even with four different types of reversal management mechanisms, we see that most organizations are choosing mechanisms that are supportive of preserving the collective sequestration effort. However, our analysis also shows no single durability mechanism will work across the full range of CDR methods nor for the goal of keeping carbon sequestered on climate-relevant timescales. Our results highlight that complications arise when including short-term sequestration into a climate-relevant certification system and when attempting to safely end the responsibility of monitoring. Definitions of durable storage are being pushed beyond what can be managed contractually. These complications make innovation necessary and could be addressed using a combination of existing and improved mechanisms tailored to specific implementations. |
Date: | 2024–12–19 |
URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:6bth5_v1 |
By: | B. Wang; C. Rogate |
Keywords: | Environment-Adaptation to Climate Change Environment-Climate Change Impacts Infrastructure Economics and Finance-Infrastructure Finance Urban Development |
Date: | 2024–12 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42494 |
By: | World Bank |
Keywords: | Environment-Climate Change Impacts Environment-Climate Change Mitigation and Green House Gases Environment-Carbon Policy and Trading |
Date: | 2024–10 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42280 |
By: | World Bank |
Keywords: | Environment-Adaptation to Climate Change Environment-Climate Change Impacts International Economics and Trade-Trade and Transport Urban Development-National Urban Development Policies & Strategies |
Date: | 2024–11 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42403 |
By: | World Bank |
Keywords: | Environment-Carbon Policy and Trading Environment-Climate Change Mitigation and Green House Gases |
Date: | 2024–08 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42016 |
By: | Nahed Eddai (GAEL - Laboratoire d'Economie Appliquée de Grenoble - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes, IÉSEG School Of Management [Puteaux]); Ani Guerdjikova (GAEL - Laboratoire d'Economie Appliquée de Grenoble - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes) |
Abstract: | We analyze the effect of strategic ambiguity and heterogeneous attitudes towards such ambiguity on optimal mitigation and adaptation. Pessimistic players tend to invest more in mitigation, while optimists favor adaptation. When adaptation is more expensive than mitigation, three types of equilibria can obtain depending on the level and distribution of ambiguity aversion: (i) a mitigation equilibrium, (ii) an adaptation equilibrium and (iii) a mixed equilibrium with both adaptation and mitigation. The interaction between ambiguity attitudes and wealth distribution plays a crucial role for the aggregate environmental policy: a wealth transfer from pessimistic to optimistic agents increases total mitigation. A similar result applies to the choice of an optimal mitigation subsidy, which is shown to increase in optimism, but decrease following a transfer of income towards the more optimistic players. Finally, we show that under strategic ambiguity, the introduction of a non-binding standard can impact agents' beliefs about their opponents' behavior and as a result lower total equilibrium mitigation. Our results highlight the necessity to consider attitudes towards strategic ambiguity in the design of economic policies targeting climate change. They might also shed some light on the slow rate of convergence of environmental policies across countries. |
Keywords: | Climate policy, Ambiguity, Heterogeneity, Choquet expected utility |
Date: | 2023–04 |
URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-03590990 |
By: | Mtshweni, Harry; Costa, King (Global Centre for Academic Research) |
Abstract: | The downstream petroleum sector plays a critical role in the economic development of emerging economies by providing energy, employment, and opportunities for small and medium-sized enterprises (SMEs). However, various external factors, including regulatory frameworks, market volatility, and technological advancements, significantly impact the operational efficiency of SMEs in this sector. This paper explores how these external challenges affect SMEs, particularly those owned by Historically Disadvantaged Individuals (HDIs), in the petroleum industries of emerging markets. Focusing on the South African context, the paper examines global and African perspectives on operational efficiency, with case studies from Ghana, Nigeria, and Kenya. It highlights the importance of infrastructure development, local capacity building, and regulatory reforms in enhancing operational efficiency. Additionally, technological advancements such as automation and data analytics are explored as potential tools for improving SMEs’ performance. The paper concludes by offering practical recommendations for overcoming these challenges, including streamlining regulatory processes, promoting technological adoption, and fostering inclusive business models. By addressing these external factors, SMEs in the downstream petroleum sector can improve their competitiveness, contribute to economic transformation, and meet the growing energy demands of emerging economies. |
Date: | 2024–09–21 |
URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:rp3k4_v1 |
By: | Amalia, Shendy; Effendi, Kharisya Ayu; Riantani, Suskim |
Abstract: | This research explores the impact of macroeconomic factors on the volatility of tin commodity futures contract prices, with a focus on inflation, interest rates and forward prices. The volatility of tin futures prices is important to investment strategies and risk management. Understanding the influence of these macroeconomic variables helps in making better investment decisions. The independent variables analyzed include inflation (X1), interest rates (X2), and forward prices (X3). Inflation reflects general price increases that can increase production costs and affect commodity prices. Interest rates are borrowing costs that influence investment decisions through the cost of capital. Forward prices reflect market expectations of future commodity prices. The dependent variable is the volatility of the tin commodity futures contract price (Y). This research methodology uses linear regression to analyze historical data from the three macroeconomic variables. Data is collected from economic reports, financial market data, and government publications. Analysis is carried out to determine the influence of each variable on futures price volatility. The research results show that inflation and forward prices have a significant influence on the volatility of tin futures contract prices, while interest rates have no significant influence. Increased inflation leads to increases in production costs and prices of goods, increasing future price uncertainty and volatility. High forward prices reflect expectations of future increases in commodity prices, which also increases volatility. Meanwhile, interest rates do not significantly affect borrowing costs, so they have no impact on futures contract price volatility. |
Date: | 2024–07–30 |
URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:4rydm_v1 |
By: | Timo Kuosmanen; Xun Zhou |
Abstract: | Secondary materials present promising opportunities for firms to repurpose emissions into marketable goods, aligning with circular economy principles. This paper examines conditions under which introducing a market for secondary materials can completely replace Pigouvian emissions taxes. These conditions prove highly restrictive: positive Pigouvian emissions taxes remain necessary unless secondary materials prices immediately reach unrealistically high levels. We propose that the socially optimal budget-neutral policy is to subsidize secondary materials prices while taxing uncontrolled emissions. Further, we extend the analysis to a two-firm framework where a data center supplies residual heat to a district heating firm acting as a monopsony buyer. This extension explicitly models the demand for residual heat and explores how subsidies and emissions taxes align firm incentives with the social optimum in the absence of competitive markets. |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2502.14636 |
By: | Stephan Bogs; Ali Abdelshafy; Grit Walther |
Abstract: | The transition to a low-carbon economy necessitates effective carbon capture and storage (CCS) solutions, particularly for hard-to-abate sectors. Herein, pipeline networks are indispensable for cost-efficient $CO_2$ transportation over long distances. However, there is deep uncertainty regarding which industrial sectors will participate in such systems. This poses a significant challenge due to substantial investments as well as the lengthy planning and development timelines required for $CO_2$ pipeline projects, which are further constrained by limited upgrade options for already built infrastructure. The economies of scale inherent in pipeline construction exacerbate these challenges, leading to potential regret over earlier decisions. While numerous models were developed to optimize the initial layout of pipeline infrastructure based on known demand, a gap exists in addressing the incremental development of infrastructure in conjunction with deep uncertainty. Hence, this paper introduces a novel optimization model for $CO_2$ pipeline infrastructure development, minimizing regret as its objective function and incorporating various upgrade options, such as looping and pressure increases. The model's effectiveness is also demonstrated by presenting a comprehensive case study of Germany's cement and lime industries. The developed approach quantitatively illustrates the trade-off between different options, which can help in deriving effective strategies for $CO_2$ infrastructure development. |
Date: | 2025–02 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2502.12035 |
By: | J. Jordan; J. Tenzing |
Keywords: | Environment-Adaptation to Climate Change Macroeconomics and Economic Growth-Climate Change Economics Macroeconomics and Economic Growth-Economic Growth Social Protections and Labor-Labor Markets Social Protections and Labor-Skills Development and Labor Force Training |
Date: | 2024–12 |
URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:42538 |
By: | Fiegenbaum, Hanna |
Abstract: | Carbon credits are a key component of most national and organizational climate strategies. Financing and delivering carbon credits from forest-related activities faces risks at the project and asset levels. Financial mechanisms are employed to mitigate risks for investors and project developers, and are complemented by non-financial measures such as environmental and social safeguards and physical risk mitigation. Academic research highlights that safeguards and climate risk mitigation measures are not efficiently implemented in some carbon projects and that specification of environmental safeguards remains underdeveloped. This text examines how ecosystem capacities can be used and valued for mitigation of and adaptation to physical risks and can complement existing risk mitigation measures through biodiversity insurance and resilience value. |
Date: | 2024–11–12 |
URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:buvzy_v1 |