Energy Economy in the New Century

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: closed (30 June 2022) | Viewed by 10036

Special Issue Editor


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Guest Editor
Department of Business Administration and Tourism, Hellenic Mediterranean University, Heraklion, Crete, Greece
Interests: climate change; energy economics; valuation; renewable energy; economic growth; sustainable energy; energy policy; energy management; sustainability; tourism economics and the environment
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Special Issue Information

Dear Colleagues,

This Special Issue will build a base that will help policymakers to successfully implement a clean/renewable energy transition in their countries. Knowledge on this topic is currently dispersed in various sources and policymakers need to devote valuable resources to gather and systemize it. Thus, this Special Issue calls for studies that describe success stories in countries, regions, or sectors that have successfully set up renewable or clean energies and have overcome the various types of barriers (cost, institutional, environmental, personal, etc.). All types of contributions are acceptable, empirical studies are welcome too, but preferably this issue would welcome review papers that describe the state of the art in those countries. For example, do the relevant legislation, subsidies, and framework exist? What are the attitudes of citizens? How much fossil fuel endowment is there and how does this hinder renewable energy development? These are only some of the issues that would be welcome to discuss in the suggested reviews.

Dr. Angeliki N. Menegaki
Guest Editor

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Keywords

  • Barriers
  • Clean energies
  • Renewable energies
  • Reviews
  • Success stories

Published Papers (3 papers)

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Research

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10 pages, 446 KiB  
Article
The Analysis of Residential Rooftop PV in Indonesia’s Electricity Market
by Fajar Nurrohman Haryadi, Dzikri Firmansyah Hakam, Shochrul Rohmatul Ajija, Arionmaro Asi Simaremare and Indra Ardhanayudha Aditya
Economies 2021, 9(4), 192; https://doi.org/10.3390/economies9040192 - 6 Dec 2021
Cited by 6 | Viewed by 3186
Abstract
This study aimed to examine the customer interest in using rooftop PV considering the economic background and customer profile in Indonesia’s electricity market using primary survey data with potential and existing (households and industries) respondents. This research uses logit model regression to analyze [...] Read more.
This study aimed to examine the customer interest in using rooftop PV considering the economic background and customer profile in Indonesia’s electricity market using primary survey data with potential and existing (households and industries) respondents. This research uses logit model regression to analyze the impact of the demographic background of respondents and uses exploratory factor analysis (EFA) to understand the reasons why the existing users utilize rooftop PV at their homes. The results show that education, residence location, and income can positively and significantly affect the probability of using rooftop PV as the source of electricity. Then, there are several factors that influence the use of rooftop PV, such as easily finding it in their area, having concern for the environment, following trends, and loyalty. Some disadvantages of installing rooftop PV are felt by users, such as relatively high installation cost and frequent overheating during usage. Regarding customer satisfaction, most of the respondents from both households and industries answered that they were satisfied with their rooftop’s PV. Consumers say that the benefits they obtain are comparable to the required installation costs, and the majority of consumers also said that the rooftop PV worked well and did not need many repairs every month, so consumers did not need to spend significant money on it. Full article
(This article belongs to the Special Issue Energy Economy in the New Century)
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24 pages, 834 KiB  
Article
A Probe into the Status of the Oil Palm Sector in the Malaysian Value Chain
by Fathin Faizah Said, Sharifah Nur Ainn Syed Roslan, Mohd Azlan Shah Zaidi and Mohd Ridzwan Yaakub
Economies 2021, 9(3), 106; https://doi.org/10.3390/economies9030106 - 23 Jul 2021
Cited by 2 | Viewed by 2344
Abstract
A ban on palm oil imports by the European Union has become a problematic issue, especially for palm oil producers’ countries. Oil palm has been widely used in many sub-sectors, and any changes in the production side may affect many sectors that use [...] Read more.
A ban on palm oil imports by the European Union has become a problematic issue, especially for palm oil producers’ countries. Oil palm has been widely used in many sub-sectors, and any changes in the production side may affect many sectors that use oil palm as an input factor in their productions. This study explores the chain of the oil palm sector on the other sub-sectors in Malaysia by using a value-added multiplier method and network modeling. The study focuses on the specific oil palm sub-sector and oils and fats sub-sector in the Malaysian economic structure based on the Malaysian Input-Output 2015 Table. Network visualization and all the analyses involving network methods were developed and performed using UCINET and GEPHI software. The value-added multiplier results explained that the net value between output multiplier and import multiplier is vital to depict the real impact of net resources used as an input factor in the oils and fats and oil palm sub-sectors. The high-density value level shows that the Malaysian oil palm sector has high connectivity in the economic system. From the network visualization analysis, the oils and fats sub-sector has a high level of integration with other sectors within the network. Meanwhile, the oil palm sub-sector categorized in the periphery structure group has a low level of integration in the input-output network. This is due to the high value-added demand for oil palm in the oils and fats sub-sector in the manufacturing sector. Overall, most of the sub-sectors in Malaysia are highly interconnected due to the high clustering ratio. Therefore, ensuring sufficient oil palm production is vital for sustainable production of other sub-sectors. Full article
(This article belongs to the Special Issue Energy Economy in the New Century)
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Review

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21 pages, 848 KiB  
Review
The Relationship between Financial Development and Energy Consumption in South Africa
by Palesa Milliscent Lefatsa, Kin Sibanda and Rufaro Garidzirai
Economies 2021, 9(4), 158; https://doi.org/10.3390/economies9040158 - 21 Oct 2021
Cited by 10 | Viewed by 3809
Abstract
This paper examines the nexus between financial development and energy consumption in South Africa. To determine the long run and short run relationship between financial development and energy consumption in South Africa, the paper uses an Auto Regressive Distributed Lag bounds test (ARDL) [...] Read more.
This paper examines the nexus between financial development and energy consumption in South Africa. To determine the long run and short run relationship between financial development and energy consumption in South Africa, the paper uses an Auto Regressive Distributed Lag bounds test (ARDL) and Granger causality test to establish the type of correlation between 1980 and 2018. ARDL bounds testing method offers concrete long-run estimates and t-statistics as it is flexible whether the adopted variables are I(0) or I(1). The study used per capita (kilogram, kg of oil equivalent) to measure total energy consumption, domestic credit to the private sector (percentage of gross domestic product, GDP) to measure financial development, real GDP growth (to capture economic growth), industrial value added (percentage of GDP) to measure industrialization, and urban population (percentage of total population) to capture urbanization. Results from ARDL showed that the relationship between financial development and energy consumption is positive in nature both in short-run and long-run. Granger causality test results revealed unidirectional causality from financial development to energy consumption. Policymakers need to formulate policy reforms that channels more credit to private sector development in order to bolster more energy use in South Africa. There ought to be proper balance between financial development and energy consumption to avoid electricity crisis. Full article
(This article belongs to the Special Issue Energy Economy in the New Century)
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