nep-res 2024-04-29 papers

on Resource Economics

Issue of 2024‒04‒29
two papers chosen by

Spillover Effects and Regional Determinants in the Ecuadorian Clean-Cooking Program: A Spatiotemporal Econometric Analysis By Moisés Obaco; Daniel Davi-Arderius; Nicola Pontarollo
The Firms’ Integration Process of the Twin Pillars of Environmental Sustainability: Climate Change and Biodiversity Loss By Andersson, Fredrik N G; Arvidsson, Susanne

Spillover Effects and Regional Determinants in the Ecuadorian Clean-Cooking Program: A Spatiotemporal Econometric Analysis

By:	Moisés Obaco (Universidad Católica del Norte & FACEA & Departamento de Economía, Antofagasta, Chile); Daniel Davi-Arderius (Copenhagen School of Energy Infrastructure (CSEI), Copenhagen Business School, Denmark & University of Barcelona and Chair of Energy Sustainability & Barcelona Institute of Economics (IEB)); Nicola Pontarollo (Department of Economics and Management, University of Brescia)
Abstract:	Developing countries are making great efforts to electrify residences to reduce dependence on fossil fuels and deal with climate change. In 2014, Ecuador launched a clean-cooking program known as the Programa de Cocción Eficiente (PCE) aimed at replacing liquefied petroleum gas (LPG)-fired cookstoves and LPG-fired boilers with electric devices. Using an original dataset of monthly information (2015-2021) at the parish level, we study several important determinants of participation in this program that have not yet been addressed. We first model spatial spillovers and then investigate the impact of regional power quality and the effect of other subsidized programs related to electricity consumption. Our results show spillover effects for PCE participation with regard to cooking but not for the overall PCE participation rate. Higher participation is associated to better supply quality and with the use of other power subsidies. Policy recommendations include the need to perform detailed spatial analyof the determinants of participation in these programs, instead of using surveys, and designing programs using a placed-based approach, in addition to evaluating cross-sectional effects between subsidies in advance in order to avoid unforeseen trade-offs and considering the regulatory framework for utilities to provide effective incentives to improve supply quality.
Keywords:	Clean-cooking programs, Energy poverty, Spatial spillover effects, Power quality, Electrical reliability, Latin America, Developing countries, Ecuador
JEL:	Q01 Q43 Q52 Q56
Date:	2023
URL:	http://d.repec.org/n?u=RePEc:ieb:wpaper:doc2023-07&r=res

The Firms’ Integration Process of the Twin Pillars of Environmental Sustainability: Climate Change and Biodiversity Loss

By:	Andersson, Fredrik N G (Department of Economics, Lund University); Arvidsson, Susanne (Department of Business Administration, Lund University)
Abstract:	This study examines the integration of climate change and biodiversity into business strategies and governance structures of listed firms on the Swedish stock exchange NasdaqOMX Large Cap. The results show clear disparities in the level of integration and the factors driving the integration process. All, but a few small firms, have integrated climate change into business strategies, and are ahead in the process of integrating it into governance structures. Biodiversity integration is lagging behind the integration of climate change. We also find that the integration process depends on the sustainability competences within the board unlike climate change when the board composition is less important. Additionally, our results show that firms require external pressures from, e.g., regulations to integrate biodiversity and climate change into business strategies and governance structures.
Keywords:	biodiversity; climate change; sustainable finance; business strategy; governance structures; CSRD
JEL:	Q20 Q28 Q30 Q57
Date:	2024–04–04
URL:	http://d.repec.org/n?u=RePEc:hhs:lunewp:2024_002&r=res

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