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Energy Transition in the Regions—Goals, Determinants, Diversification and Sources of Financing

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 (18 April 2024) | Viewed by 2750

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Special Issue Editors


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Guest Editor
Faculty of Economics and Management, Department of Sustainable Finance and Capital Markets, Uniwersytet Szczecinski, 70-453 Szczecin, Poland
Interests: sustainable finances; use of financial instruments to create sustainable development; ESG risk; financial strategies and their connection with business models; policy of public authorities towards sustainable development
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Faculty of Economics and Finance, University of Bialystok, 15-062 Bialystok, Poland
Interests: public finance; local government finance; sustainable finance; green taxes; local and regional development; public policy; econometric modeling methods; econometric analysis

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Guest Editor
Institute of Economics and Finance, WSB University in Poznan, 61-895 Poznan, Poland
Interests: sustainable finance; public financial system for financing RWE; financial strategies of the public sector; public policy for sustainable development; decision making towards climate change; a climate change signature system; policy of public authorities towards sustainable development

Special Issue Information

Dear Colleagues,

As Guest Editors, we are currently inviting submissions to a Special Issue of Energies on the subject of finance, economics and management enabling changes to green and blue energy in certain regions. In recent years, energy policy has become a priority in active state policy, and many of its aspects are becoming increasingly prevalent in financial institutions, economic entities, and society. The ongoing Russia–Ukraine war is a challenge not only for societies bearing the costs associated with it, but also for regions around the world that have to make rapid changes in the transition to a new energy policy. War disrupts not only energy markets, but also forces the development of innovative technologies and changes to business models and management styles, as well as an openness to new energy technologies. We can see that instruments and markets are changing, and the financial system is opening up to green and blue energy. New qualitative phenomena are emerging, creating incentives and influencing positive behavior related to the utilization of and investment in renewable energy sources. Changing the behavior and attitudes influenced by public institutions' actions towards green and blue energy concerns both individuals (society's behavior) and businesses. The very face of the energy sector, regarding the perception of green and blue energy businesses and business models, is changing, and external financing is key for this development. The financial system is adapting, and the roles of banks and investors are changing. Long periods of return on investment, as well as the continuing great uncertainty of the legal conditions for running a business, make supporting this industry a key factor for its development. Therefore, a new and innovative research should combine aspects of management, new technologies, and economic aspects of changes in energy businesses with proper financial support.

In order to mitigate climate change and promote green and blue energy, this research needs to be moved from the macro level to a regional level, where beneficial changes can be set in motion. In this context, the purpose of this Special Issue combines many aspects that are guided by rapid developments at a regional level.

Current research gaps should be addressed with a strong synergy of economic, technological, management, and financial factors to show the new face of climate-friendly regions that support and use green and blue energy.

We invite you to contact the Guest Editors directly and submit proposals for manuscripts to contribute to this Special Issue.

Prof. Dr. Beata Zofia Filipiak
Prof. Dr. Dorota Wyszkowska
Prof. Dr. Marek Dylewski
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • changes in the perception of the role of green and blue energy in regions
  • new challenges in energy and environmental regulation
  • the effects of COVID-19 and the risk of war in the development of green and blue energy
  • energy supply security and energy demand, taking into account the changes caused by the war in Ukraine
  • the quality and efficiency of energy services in regions
  • the effectiveness of market-based approaches and/or governmental interventions towards greening regions
  • new management methods changing the energy image of regions
  • energy technology innovation and diffusion in regions
  • energy planning and energy management towards greening regions
  • changes in financial systems towards green and blue energy
  • changes in financial markets and banking towards blue and green energy
  • financial and behavioral aspects of the energy market
  • risks, returns, and investment across energy sectors - regional differences
  • green and/or blue growth for energy (financial factors)
  • ESG risk and negative externalities
  • sustainable taxes for green and blue energy
  • public policies towards green and blue energy
  • financial policies towards green and blue energy

Published Papers (3 papers)

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Research

27 pages, 1851 KiB  
Article
Strategic Assessment of the Environmental Impact of Ski Resorts as Part of the Polish Energy Policy Project
by Wojciech Lewicki and Mariusz Niekurzak
Energies 2024, 17(13), 3166; https://doi.org/10.3390/en17133166 - 27 Jun 2024
Viewed by 302
Abstract
The dilemma of choosing between conventional energy and renewable energy sources is a topic of discussion in various economic and social sectors. This problem is not only a matter of the country’s energy security but is also an important element of sustainable development [...] Read more.
The dilemma of choosing between conventional energy and renewable energy sources is a topic of discussion in various economic and social sectors. This problem is not only a matter of the country’s energy security but is also an important element of sustainable development that affects the functioning of future generations. The analysis of this process must cover all aspects of operation, with particular emphasis on tourism, including ski resorts. The aim of the work is to assess the current state of ski infrastructure in terms of the possibility of using green energy to power these types of devices, with an indication of the profitability of implementing this project. This analysis will cover the types of renewable energy sources and how they are used in winter sports resorts around the world, whilst additionally focusing on the energy structure of Poland and the European Union, as well as on energy transformation plans in Poland. An important aspect of this analysis is to understand the barriers to the development of the unconventional energy sector and the ski resorts themselves. The impact of ski resorts on the natural environment was also examined. When analyzing the profitability of introducing green energy to power ski slopes, the costs of traditional energy sources in a Polish ski resort were analyzed. The benefits of introducing green energy were indicated by comparing SWOT analyses of the Polish coal sector with renewable energy sources. In the economic context, the profitability of the proposed renewable energy installation was presented, using the NPV, IRR and payback period methods. The analysis of the cost structure of traditional energy sources allowed for the identification of a potential investment in renewable energy technologies, showing the share of electricity costs in the structure of energy carriers used on the ski slope. As a result, the profitability of the installation project was indicated as photovoltaic with specific power and parameters. Although the presented considerations refer to the realities and legal regulations applicable in one of the selected European Union countries—Poland, a country where energy from photovoltaic panels is developing the fastest among all renewable energy sectors in Europe—these considerations can be used in practice to indicate further directions and development prospects for other regions of the world. At the same time, the content of the considerations creates the basis for further development of research on these processes in order to popularize Poland’s energy policy. Full article
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27 pages, 1810 KiB  
Article
Are Most Polluted Regions Most Active in Energy Transition Processes? A Case Study of Polish Regions Acquiring EU Funds for Local Investments in Renewable Energy Sources
by Agnieszka Kozera, Aldona Standar and Natalia Genstwa
Energies 2023, 16(22), 7655; https://doi.org/10.3390/en16227655 - 19 Nov 2023
Cited by 1 | Viewed by 848
Abstract
The primary aim of this study was to assess the investment activity of basic local government units in the development of renewable energy sources co-financed by EU funds depending on CO2 emissions and other socio-economic conditions in terms of regions of Poland [...] Read more.
The primary aim of this study was to assess the investment activity of basic local government units in the development of renewable energy sources co-financed by EU funds depending on CO2 emissions and other socio-economic conditions in terms of regions of Poland in the years 2007–2020. Empirical studies aimed at the verification of the research hypothesis that “the greatest investment activity in local projects co-financed from EU funds related to the development of renewable energy sources is observed for local government units in regions with highest CO2 emissions”. Empirical studies were conducted based on data from the Ministry of Investment and Economic Development in Poland, the Local Data Bank, and the National Centre for Emissions Management. Thus, the conducted analyses provide both cognitive and applicatory values for the establishment of an appropriate energy transition policy in individual regions of Poland, which may be implemented by local government authorities within the current financial framework. Data concerning CO2 emissions at the regional level were estimated by applying the original disaggregation method as modified by the authors, which made it possible to fill the research gap resulting from the lack of data on emissions at the regional level. In order to show the regional diversification in investment activity of local government units in terms of renewable energy sources, its multi-faceted analysis was conducted by applying the Ward method. Clusters of regions with similar investment activity of local government units were described based on characteristics included in the typological classification (so-called active characteristics) and selected indexes showing CO2 emission levels, as well as selected socio-economic indexes (so-called passive characteristics). Based on the empirical studies, the research hypothesis presented in this paper was negatively verified. Considering both multiannual financial frameworks, the EU financial support for the development of renewable energy sources was used primarily by local government units of a predominantly agricultural character, and less advanced in terms of their development but exhibiting conditions conducive to renewable energy development. Full article
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15 pages, 3479 KiB  
Article
Energy Transitions in Yunnan Province Based on Production Function Theory
by Meng Peng, Li Tan, Huan Li, Jin Wu, Tao Ma, Hongzhang Xu, Jiayu Xu, Weidong Zhao and Jiming Hao
Energies 2023, 16(21), 7299; https://doi.org/10.3390/en16217299 - 27 Oct 2023
Cited by 1 | Viewed by 914
Abstract
Yunnan is rich in renewable energy resources. An understanding of its energy structure and developmental trajectories would assist in enabling the design of suitable decarbonizing pathways and how to fit into the national 30–60 agenda. Drawing from endogenous growth theory and time series [...] Read more.
Yunnan is rich in renewable energy resources. An understanding of its energy structure and developmental trajectories would assist in enabling the design of suitable decarbonizing pathways and how to fit into the national 30–60 agenda. Drawing from endogenous growth theory and time series analysis, our study employs comparative functions and scenario assessments to predict the changes in the key economic indicators, such as GDP, industrial structure shifts, population, and urbanization rates, during the low-carbon transition. We further show energy structure patterns and intensity trends using regression-modeling and data-fitting methods. Based on our analyses, we project that by 2035, Yunnan’s GDP will grow to CNY 5.4761 trillion, with secondary and tertiary industries contributing 88.8%. The population is estimated to grow to 52.08 million with an urbanization rate of 70%. Moreover, fossil fuel energy consumption is forecasted to diminish to 38.7%, and energy consumption intensity is projected to be reduced to 0.38 tons of standard coal per CNY 10,000. If these metrics follow the inherent endogenous growth trend, Yunnan’s emissions are forecasted to peak at around 220 million tons of CO2 by 2030. These findings not only provide a data foundation for Yunnan’s low-carbon development goals but also illuminate pathways for regions rich in renewable resources to transition towards sustainable growth, emphasizing the harmony between advancement and environmental stewardship. Full article
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