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Sustainable Energy Economics and Prospects Research
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Sustainable Energy Economics and Prospects Research

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (31 October 2024) | Viewed by 4530

Special Issue Editor

Prof. Dr. Kostas Kounetas

E-Mail Website
Guest Editor
Department of Economics, University of Patras, 26504 Rio Achaia, Greece
Interests: industrial organization; efficiency and productivity analysis; economics of energy efficient technologies; firms' environmental performance and innovation

Special Issue Information

Dear Colleagues,

In the face of a growing global population with all its needs, desires, and ambitions to be fulfilled, we are verging on achieving more sustainable solutions in many aspects of energy economics. Thus, sustainable energy derived from resources that can maintain current operations without jeopardizing the energy needs or climate of future generations has become one of the main solutions. In this vein, research, development, and implementation of energy economics and sustainability, including energy systems and environmental policy; analysis of studies examining energy and sustainable innovation technologies at firm, regional and country level; and approaches examining the possible links between innovative energy technologies that meet the environmental criteria and studies trying to disentangle the complex relationships between energy, sustainable development, and climate change are the main themes of this particular Special Issue. Original research papers as well as review articles on the most recent developments and research efforts on this subject are more than welcome.

Prof. Dr. Kostas Kounetas
Guest Editor

Manuscript Submission Information

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Keywords

  • innovative energy technologies
  • sustainable energy use
  • emissions
  • energy economics

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Published Papers (5 papers)

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Research

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16 pages, 565 KiB  
Article
Energy Security and Women’s Empowerment: A Generalized Method of Moments Approach from a Global Perspective
by Masahina Sarabdeen, A. C. Muhammadu Kijas, Fatma Mabrouk, Jawaher Binsuwadan and Hawazen Zam Almugren
Energies 2024, 17(19), 4987; https://doi.org/10.3390/en17194987 - 6 Oct 2024
Viewed by 692
Abstract
The importance of energy security is emphasized in Goal 7 of the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda to guarantee that everyone has affordable, dependable, and contemporary energy access. In addition to transforming human life, whole economies, and even the [...] Read more.
The importance of energy security is emphasized in Goal 7 of the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda to guarantee that everyone has affordable, dependable, and contemporary energy access. In addition to transforming human life, whole economies, and even the planet, sustainable energy offers a chance for a better future. The absence of energy security impacts serious health problems, education, and household difficulties. Research on energy security has emphasized various angles worldwide. However, investigations of the impact of energy security on women’s empowerment are still scant. This study thus investigates the relationship between energy security and women’s empowerment (WE) in 167 countries from 2002 to 2021, as well as the influence of urbanization development levels on this nexus. Moreover, this study explores the variation in women’s empowerment between geographical regions by referencing the MENA, OECD, and SAARC countries. A two-step system GMM was used to achieve the objectives of this research. The findings show first that renewable energy availability has a significant effect on WE worldwide. Secondly, in terms of energy security, the variables total availability of natural resource rents and renewable energy both have a positive impact on women’s empowerment in the MENA, while in the OECD and SAARC countries, they have an indirect link with WE. Third, the integrating effect of total natural resource rents with urbanization significantly affects WE in all five models. Fourth, we used access to electricity to represent resource affordability. Unexpectedly, the results show its negative and significant association with WE. Fifth, in terms of energy security, both energy availability and affordability favor WE in OECD countries. Finally, the coefficient of integration of access to electricity and urbanization shows a positive and significant association with WE in the OECD, MENA, and SAARC regions. However, it is noteworthy to mention that access to electricity alone does not influence WE worldwide. Additionally, a series of tests confirm the robustness of the results. This research provides insight into the development and implications of energy security-related women’s empowerment policies. Full article
(This article belongs to the Special Issue Sustainable Energy Economics and Prospects Research)
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19 pages, 1009 KiB  
Article
A Dynamic Analysis of Sustainable Economic Growth and FDI Inflow in Saudi Arabia Using ARDL Approach and VECM Technique
by Abdullah Sultan Al Shammre and Mariam Nasser Alshahrani
Energies 2024, 17(18), 4663; https://doi.org/10.3390/en17184663 - 19 Sep 2024
Viewed by 876
Abstract
This study investigates the relationship between sustainable economic growth and foreign direct investment (FDI) in Saudi Arabia from 1980 to 2023. The ARDL approach and VECM technique are employed to analyze the short-run and long-run dynamics. The short-run results show mixed effects. Sustainable [...] Read more.
This study investigates the relationship between sustainable economic growth and foreign direct investment (FDI) in Saudi Arabia from 1980 to 2023. The ARDL approach and VECM technique are employed to analyze the short-run and long-run dynamics. The short-run results show mixed effects. Sustainable economic growth has a positive impact on current and one-period lagged FDI but a negative impact on the two periods lagged. Trade openness and infrastructure negatively affect FDI in the short run. Interestingly, oil rents and real economic growth also have negative short-run impacts on FDI, but these effects become positive with a longer lag. Long-run analysis reveals a negative relationship between trade openness, infrastructure, and oil rents with FDI, suggesting a potential crowding-out effect. Trade openness has a positive long-run impact on most variables, including sustainable growth, FDI, real growth, and CO2 emissions. Oil rents also have a positive long-run impact on these variables. This study finds six bidirectional causal relationships in the short run, primarily between trade openness, infrastructure, oil rents, and FDI. Unidirectional causality runs from oil rents, trade openness, exchange rate, sustainable growth, and real growth to FDI and infrastructure. Additionally, CO2 emissions cause FDI, and trade openness causes sustainable growth. While sustainable economic growth benefits FDI in the long run, short-term policies regarding trade openness and infrastructure require reevaluation. Oil revenue and real economic growth may initially deter FDI, but this reverses in the long term. To attract sustainable FDI, policymakers should focus on long-term economic growth strategies and consider reforms in trade and infrastructure policies. A comprehensive FDI strategy that moves beyond oil dependence and leverages trade openness is crucial to long-term economic diversification. Full article
(This article belongs to the Special Issue Sustainable Energy Economics and Prospects Research)
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17 pages, 527 KiB  
Article
Impact of Renewable Energy, Business Climate, and Human Capital on CO2 Emissions: Empirical Evidence from BRICS Countries
by Funda H. Sezgin, Yilmaz Bayar, Gamze Sart and Marina Danilina
Energies 2024, 17(15), 3625; https://doi.org/10.3390/en17153625 - 24 Jul 2024
Viewed by 939
Abstract
Since the 1950s, the remarkable amount of global environmental degradation has heightened environmental concerns at both national and international levels. This shift has spurred intensive research into the causes of environmental degradation and potential remedies, including environmental taxes, fines, education, and regulations. The [...] Read more.
Since the 1950s, the remarkable amount of global environmental degradation has heightened environmental concerns at both national and international levels. This shift has spurred intensive research into the causes of environmental degradation and potential remedies, including environmental taxes, fines, education, and regulations. The drivers of CO2 emissions have been widely explored in the literature, but the nexus between business climate, human capital, and CO2 emissions has not been examined sufficiently. Therefore, the purpose of this study is to delve into the interplay between renewable energy, business climate, human capital, and CO2 emissions in BRICS countries from 2000 to 2020 using panel causality and cointegration tests. Our research hypotheses suggest that there are significant mutual interactions among renewable energy, business climate, human capital, and CO2 emissions based on the associated literature. The results of the causality test verify the research hypotheses by uncovering a bidirectional causality between business climate, renewable energy use, human capital, and CO2 emissions. Furthermore, the cointegration analysis reveals that increases in renewable energy use and human capital decrease CO2 emissions at the panel level, but a positive business climate increases CO2 emissions at the panel level. However, the impact of business climate on CO2 emissions at the country level varies among BRICS economies based on environmental policies. In conclusion, investing in green energy technologies and education is a useful tool to decrease CO2 emissions. In addition to this, the positive effect of business climate on CO2 emissions should be balanced by regulations to increase environmental, social, and governance awareness of firms. Full article
(This article belongs to the Special Issue Sustainable Energy Economics and Prospects Research)
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13 pages, 322 KiB  
Article
National Environmental Taxes and Industrial Waste in Countries across Europe
by Eirini Stergiou, Nikos Rigas, Giancarlo Ferrara, Eleni Mantzari and Konstantinos Kounetas
Energies 2024, 17(10), 2411; https://doi.org/10.3390/en17102411 - 17 May 2024
Viewed by 940
Abstract
The use of economic instruments within environmental policy has become a challenging topic for policymakers, governments and scholars. Environmental taxes have emerged as a prevailing preference in developed countries to promote sustainability. Recently, a particular focus has been given to waste generation and [...] Read more.
The use of economic instruments within environmental policy has become a challenging topic for policymakers, governments and scholars. Environmental taxes have emerged as a prevailing preference in developed countries to promote sustainability. Recently, a particular focus has been given to waste generation and disposal, shifting the attention from greenhouse gases to another important source of environmental pollution. This paper investigates the effect of national environmental taxes and policies on industrial waste. A fixed effects model is used for 34 countries across Europe from 2004 to 2022. The results suggest that environmental taxes and energy policies reduce industrial (hazardous and non-hazardous) waste. However, environmental tax reforms should take into consideration the deterioration in environmental quality, the increase in economic costs and undesirable social consequences. Full article
(This article belongs to the Special Issue Sustainable Energy Economics and Prospects Research)
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Review

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20 pages, 4279 KiB  
Review
Convex Hull Pricing for Unit Commitment: Survey, Insights, and Discussions
by Farhan Hyder, Bing Yan, Mikhail Bragin and Peter Luh
Energies 2024, 17(19), 4851; https://doi.org/10.3390/en17194851 - 27 Sep 2024
Viewed by 521
Abstract
Energy prices are usually determined by the marginal costs obtained by solving economic dispatch problems without considering commitment costs. Hence, generating units are compensated through uplift payments. However, uplift payments may undermine market transparency as they are not publicly disclosed. Alternatively, energy prices [...] Read more.
Energy prices are usually determined by the marginal costs obtained by solving economic dispatch problems without considering commitment costs. Hence, generating units are compensated through uplift payments. However, uplift payments may undermine market transparency as they are not publicly disclosed. Alternatively, energy prices can be obtained from the unit commitment problem which considers commitment costs. But, due to non-convexity, prices may not monotonically increase with demand. To resolve this issue, convex hull pricing has been introduced. It is defined as the slope of the convex envelope of the total cost function over the convex hull of a unit commitment (UC) problem. Although several approaches have been developed, a relevant survey has not been found to aid the understanding of convex hull pricing from the current limited literature. This paper provides a systematic survey of convex hull pricing. It reviews, compares, and links various existing approaches, focusing on the modeling and computation of convex hull prices. Furthermore, this paper explores potential areas of improvement and future challenges due to the ongoing efforts for power system decarbonization. Full article
(This article belongs to the Special Issue Sustainable Energy Economics and Prospects Research)
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