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Article

Dina Frutos-Bencze, Kujtim Avdiu and Stephan Unger

This paper aims to investigate the effect of monetary policy indicators on Latin America’s renewable energy development. The authors conduct several regressions as well as…

Abstract

Purpose

This paper aims to investigate the effect of monetary policy indicators on Latin America’s renewable energy development. The authors conduct several regressions as well as a Principal Component Analysis (PCA) to unveil relationships among possible driving factors among others the current account balance, interest rates, money flow and energy trade balance for Latin America’s energy mix.

Design/methodology/approach

The analysis was a two-part process. First, the authors used multiple regression to identify if monetary policy affects the development of renewable energy usage at all. To investigate the singular effects of each of the nine macro-economic variables and four energy indicators, collected from the World Bank (2017) database, several regressions were run where the authors regressed each economic indicator on each energy variable. Then, the authors conducted a principal component analysis with all 13 variables.

Findings

The authors found a significant relationship between the clean energy share and governmental spending boosting GDP as well as a significant relationship between governmental spending and the amount of foreign exchange reserves. Declining net energy imports indicate that countries in Latin America are getting more and more energy autonomous for the price of building up huge amounts of foreign exchange reserves.

Research limitations/implications

Renewable energy indicators are not always available for all Latin American countries. Data tend to be scattered. However, sources such as the International Renewable Energy Agency and the World Bank database can be complementary.

Practical implications

The understanding of the effects and impacts of some of the monetary policy related indicators can provide insights for improving renewable energy financing policies. In turn, such policies can have increased influence on renewable energy sustainability and potentially contribute to improving environmental policies.

Originality/value

The specific impact of the selected variables on renewable energy has not been studied. This study attempts to discern the impact of such variables to understand how they influence the renewable energy mix. The insights can in turn inform and modify existing policies and guidelines as well as advise new policy.

Details

critical perspectives on international business, vol. 16 no. 4
Type: Research Article
ISSN: 1742-2043

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Article

Ewaoche John Okampo and Nnamdi I. Nwulu

Reverse osmosis (RO) has become an important method of desalination to meet the ever-growing water needs around the world. Its integration with renewable energy source…

Abstract

Purpose

Reverse osmosis (RO) has become an important method of desalination to meet the ever-growing water needs around the world. Its integration with renewable energy source (RES) reduces the environmental impact of gas emissions and cost of conventional fossil energy sources. The optimal sizing of energy sources to power RO desalination system is intended mainly to minimize the annualized cost of the system and by extension minimize freshwater cost while maximizing production.

Design/methodology/approach

In this study, a mathematical optimization approach is used to determine the optimal energy mix, which includes grid power, diesel generator and a photovoltaic (PV) module to supply an RO desalination unit. Three cases of optimal sizing approach were compared. Case 1 is a system with only grid power and diesel generator as energy sources; Case 2 has PV incorporated in the energy supply mix while Case 3 has the three energy sources and a Time of Use (TOU) demand response program on the demand side.

Findings

The results of implementing the optimization models show that Case 3 turnout the highest freshwater production (1,521 m3/day) at a unit cost of 1.36$/m3 when compared to Case 1 with daily freshwater production of 1,250 m3/day at a unit cost of 1.68$/m3 and Case 2 having a daily freshwater production of 1,501 m3/day at a unit cost of 1.33$/m3.

Originality/value

The integration of RES to power desalination system with application of TOU demand response is the significance of this study.

Details

Journal of Engineering, Design and Technology , vol. 18 no. 5
Type: Research Article
ISSN: 1726-0531

Keywords

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Article

Andrew Adewale Alola and Ulrich Tiamgne Donve

In spite of the drive toward environmental sustainability and the attainment of sustainable development goals (SDGs), coal, oil and natural gas energy utilization has…

Abstract

Purpose

In spite of the drive toward environmental sustainability and the attainment of sustainable development goals (SDGs), coal, oil and natural gas energy utilization has remained the Turkey's largest energy mix. In view of this concern, this study examined the role of coal and oil energy utilization in environmental sustainability drive of Turkey from the framework of sustainable development vis-à-vis income expansion over an extended period of 1965–2017.

Design/methodology/approach

In this regard, the authors employ carbon emission as an environmental and dependent variable while the Gross Domestic Product per capita (GDPC), coal and oil energy consumption are the explanatory variables employed in the study.

Findings

The study found that both energy mixes (coal and oil) have a detrimental impact on the environment in both the short and long run, but oil consumption exerts a less severe impact as compared to coal energy. In addition, sustainable development via income growth is not feasible because the income–environmental degradation relationship follows a U-shaped pattern (invalidating the Environmental Kuznets curve, EKC hypothesis) especially when coal and oil remained the major source of lubrication to the economy. At least the EKC hypothesis is unattainable in Turkey as long as the country's major energy mix or primary energy (coal and oil) is in use, thus the application of other socioeconomic, macroeconomic policies might be essential.

Research limitations/implications

Considering the lingering energy challenge associated with Turkey, this novel insight further presented useful policy perspectives to the government and stakeholders in the country's energy sector.

Originality/value

This evidence (the U-shaped relationship) is further ascertained when the aggregate primary energy is employed. Thus, this study provides a novel insight that attaining a sustainable economic growth in Turkey remained a herculean task as long as a more aggressive energy transition approach is not encouraged.

Details

Management of Environmental Quality: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1477-7835

Keywords

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Article

Phuong Minh Khuong, Russell McKenna and Wolf Fichtner

The connection between urbanization and energy consumption in the context of cross-country and cross-sector analyses is poorly understood, especially in the Association of…

Abstract

Purpose

The connection between urbanization and energy consumption in the context of cross-country and cross-sector analyses is poorly understood, especially in the Association of South East Asian (ASEAN). This paper aims to present the first extensive multi-level analysis of the relationship between urbanization and energy consumption in ASEAN countries from 1995 to 2013.

Design/methodology/approach

The multi-level (across country and sector) index decomposition method is used to analyze urbanization, energy mix, energy intensity and activity effects on energy demand. Urbanization is measured by two representative factors, name the urban population and the number of non-agriculture workers.

Findings

Despite the decreasing rate of urbanization, its effect on energy consumption has played the most important role since 2000. Since then, the effect has continued to increase at the national and sectoral levels across the whole region. The strongest urbanization impacts are encountered in the residential sector, followed by transportation and industrial sectors with much weaker effects in the commercial sector. The way in which urbanization impacts energy consumption depends strongly on the income level of the country studied.

Practical implications

The results provide quantitative relationships between urbanization and energy demand. For example, if the urban population and the non-agriculture workers decreased by 0.1 per cent per year, this would reduce energy demand by 1.4 per cent and 2.6 per cent per year respectively.

Originality/value

This contribution provides detailed quantitative insights into the relationships between urbanization and energy demand at sectoral, national and international levels, which are invaluable for policymakers in the region.

Details

International Journal of Energy Sector Management, vol. 13 no. 4
Type: Research Article
ISSN: 1750-6220

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Article

Abdalla Mahmoud Salim and Imad Alsyouf

The purpose of this paper is to assess the potential of renewable energy as an essential future energy source in the Gulf Cooperation Council (GCC) region. This paper…

Abstract

Purpose

The purpose of this paper is to assess the potential of renewable energy as an essential future energy source in the Gulf Cooperation Council (GCC) region. This paper summarizes the main projects and measures established to start the transition toward renewable energy. The opportunities and challenges for developing renewable energy projects have been discussed to reach a better understanding of the future of renewable energy in the region.

Design/methodology/approach

The paper provides a literature-based study on the status of the renewable energy sector in the GCC, including potentials, projects, targets and strategies. The opportunities and challenges of the development of renewable energy sources in the GCC region have been discussed based on the literature.

Findings

The paper shows that the GCC countries have begun to adopt a more proactive approach toward renewable energy, while the reorientation of strategies and plans for renewable energy is evolving in these countries. All of the GCC countries focus on solar and wind energies and plan to invest in waste-to-energy (WtE), while only Saudi Arabia is interested in going for geothermal.

Originality/value

The paper contributes to the provision of an extensive literature review on the development of renewable energy in the GCC countries. It provides an updated and comprehensive overview of the region’s renewable energy potential and highlights the main renewable energy strategies and targets. This paper targets regional decision-makers as well as multilateral stakeholders to formulate a set of recommendations to promote renewable energy deployment and improve industrial capabilities.

Details

International Journal of Energy Sector Management, vol. 14 no. 6
Type: Research Article
ISSN: 1750-6220

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Article

Najmeh Neshat, Hengameh Hadian and Somayeh Rahimi Alangi

Obviously, the development of a robust optimization framework is the main step in energy and climate policy. In other words, the challenge of energy policy assessment…

Abstract

Purpose

Obviously, the development of a robust optimization framework is the main step in energy and climate policy. In other words, the challenge of energy policy assessment requires the application of approaches which recognize the complexity of energy systems in relation to technological, social, economic and environmental aspects. This paper aims to develop a two-sided multi-agent based modelling framework which endogenizes the technological learning mechanism to determine the optimal generation plan. In this framework, the supplier agents try to maximize their income while complying with operational, technical and market penetration rates constraints. A case study is used to illustrate the application of the proposed planning approach. The results showed that considering the endogenous technology cost reduction moves optimal investment timings to earlier planning years and influences the competitiveness of technologies. The proposed integrated approach provides not only an economical generation expansion plan but also a cleaner one compared to the traditional approach.

Design/methodology/approach

To the best of the authors’ knowledge, so far there has not been any agent-based generation expansion planning (GEP) incorporating technology learning mechanism into the modelling framework. The main contribution of this paper is to introduce a multi-agent based modelling for long-term GEP and undertakes to show how incorporating technological learning issues in supply agents behaviour modelling influence on renewable technology share in the optimal mix of technologies. A case study of the electric power system of Iran is used to illustrate the usefulness of the proposed planning approach and also to demonstrate its efficiency.

Findings

As seen, the share of the renewable technology agents (geothermal, hydropower, wind, solar, biomass and photovoltaic) in expanding generation increases from 10.2% in the traditional model to 13.5% in the proposed model over the planning horizon. Also, to incorporate technological learning in the supply agent behaviour leads to earlier involving of renewable technologies in the optimal plan. This increased share of the renewable technology agents is reasonable due to their decreasing investment cost and capability of cooperation in network reserve supply which leads to a high utilization factor.

Originality/value

To the best of the authors’ knowledge, so far there hasn’t been any agent-based GEP paying attention to this integrated approach. The main contribution of this paper is to introduce a multi-agent based modelling for long-term GEP and undertakes to show how incorporating technological learning issues in supply agents behaviour modelling influence on renewable technology share in the optimal mix of technologies. A case study of the electric power system of Iran is used to illustrate the usefulness of the proposed planning approach and also to demonstrate its efficiency.

Details

Journal of Engineering, Design and Technology , vol. 18 no. 1
Type: Research Article
ISSN: 1726-0531

Keywords

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Article

Pamela M. Barnes

The national governments of the European Union (EU) are finding it increasingly difficult to provide their populations with cheap and reliable sources of electricity…

Abstract

Purpose

The national governments of the European Union (EU) are finding it increasingly difficult to provide their populations with cheap and reliable sources of electricity. There is a highly controversial technology available within the EU which could overcome this problem – nuclear generated electricity. The purpose of this article is to question the extent to which it is possible to reconcile the views of those citizens who object to the use of nuclear electricity with views of those who support the use of nuclear electricity as a competitive, sustainable and secure electricity supply within an open and competitive European energy market.

Design/methodology/approach

This article adopts an inter‐disciplinary approach to the analysis of the issues.

Findings

Political, economic and environmental pressures are combining to constrain the opportunities for national governments to enable citizens’ preferences with regard to the nuclear sector to be maintained. What is argued in the article is that all the tools which are available to the EU to overcome any lack of democratic decision making in the nuclear sector must be utilised to their full potential, including the legal framework provided by the often overlooked EURATOM Treaty.

Originality/value

The research will be of value to academic lawyers and political scientists investigating the problematic relationships which exist between the national and supranational levels of governance in the EU.

Details

Managerial Law, vol. 48 no. 4
Type: Research Article
ISSN: 0309-0558

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Article

Guido Marseglia, Elisa Rivieccio and Carlo Maria Medaglia

The purpose of this paper is to set out ideas regarding a systematic approach that defines the Italian National energy strategies, considering the standards imposed from…

Abstract

Purpose

The purpose of this paper is to set out ideas regarding a systematic approach that defines the Italian National energy strategies, considering the standards imposed from European Union.

Design/methodology/approach

A conceptual framework to estimate a model to define the energy policies for different sectors in the Italian case is underlined. The aims of Italian energy strategy in the worldwide scenario are discussed. The authors have considered the relations between the environment and the human impact on the energy conversion process by means of a conceptual method.

Findings

The actions considered to reach the aims of energy policies objectives are highlighted. This research aims to inform future development in the topic area, considering future perspectives and socio-economical implications for Italy.

Originality/value

The paper will be of interest to firm managers, ecologists and policymakers with a particular interest in energy policies, considering socio-technical implications. The framework can be applied for facilitating discussions or for scenario planning.

Details

Kybernetes, vol. 48 no. 3
Type: Research Article
ISSN: 0368-492X

Keywords

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Article

David Mensah Sackey, De-Graft Owusu-Manu, Richard Ohene Asiedu and Adam Braimah Jehuri

Ghana has recently reviewed its renewable energy Act 835 with an objective of providing 10% of its energy from renewables by 2020 (Ackah and Asomani, 2015). Meanwhile…

Abstract

Purpose

Ghana has recently reviewed its renewable energy Act 835 with an objective of providing 10% of its energy from renewables by 2020 (Ackah and Asomani, 2015). Meanwhile, solar Photovoltaic (PV) accounts for less than 2% of the energy mix (Energy Commission, 2018). In combating environmental issues such as climate change and meeting these policy targets, there is the urgent need to increase investment into the renewable sector. Therefore, the purpose of this paper is to critically examine the impeding constraints to photovoltaic investment in Ghana.

Design/methodology/approach

The Literature evaluation was carried out of critical constraints surrounding PV investments. Questionnaire was developed and administered online using Google form. Descriptive statistics was used to describe the features of each constraint. In addition, inferential analysis using relative importance index was used to rank these indicators. Again, one sample t-test was used to test the significance of the indicator. Multiple indicators were used to measure the latent constructs. Finally, independent test of mean equity was used to test relationship between the working experiences of despondence who have worked with solar PV below five years and those who worked from five years to ten years.

Findings

The research has highlights high installation and maintenance costs, lack of access to long-term capital finance, access to affordable consumer finance and lack of support to research and development as the major investment obstacles to solar PV investment in Ghana.

Research limitations/implications

It is recommended that the Government of Ghana should provide incentives such as tax waivers, which will encourage entrepreneurs, invest into PV. In addition, it is recommended that solar PV companies must collaborate with financial institutions to provide low interest and flexible consumer financing schemed that can enable home users to purchase the technology. Future research should complement this work by focusing on the impact of domestic currency volatility on PV investment. The scope of this study is constrained to the PV industry in Ghana.

Practical implications

This study will serve as a guide to the private sector business owners to help make critical PV investment decisions. It has also brought to the forefront the reason why solar PV account for a small fraction of Ghana’s energy mix.

Originality/value

This paper seeks to espouse the prevailing constraints to PV investment in Ghana and seeks to contribute to already existing literature that will make profound changes in state policy around PV investment. By understanding these difficulties, driving pointers can be recognized to encourage effective future venture inside the sustainable power source area. In this way, the research leads to a better understanding of the impeding factors that hinders PV investment in Ghana. Again, the paper has achieved new discovery with regards to variations between years of experience with PV use. The variation being less than five years with over five years of PV use. By understanding these difficulties, driving pointers can be recognized to invigorate effective future ventures.

Details

International Journal of Energy Sector Management, vol. 14 no. 4
Type: Research Article
ISSN: 1750-6220

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Case study

Artur Raviv, Jan M. Henrich and Gero K. Steinroeder

Presents an analysis of the decision regarding a new product introduction. The main issues for discussion are: sunk costs, incremental costs, cannibalization, shared…

Abstract

Presents an analysis of the decision regarding a new product introduction. The main issues for discussion are: sunk costs, incremental costs, cannibalization, shared facilities, and the treatment of inflation.

Details

Kellogg School of Management Cases, vol. no.
Type: Case Study
ISSN: 2474-6568
Published by: Kellogg School of Management

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