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Article
Publication date: 25 March 2022

Mohd Irfan and Raj Kumar Ojha

Higher economic growth accompanied by rising energy demand poses severe challenges to the long-term environmental sustainability of E7 economies, including Brazil, China, India…

Abstract

Purpose

Higher economic growth accompanied by rising energy demand poses severe challenges to the long-term environmental sustainability of E7 economies, including Brazil, China, India, Indonesia, Mexico, Russia and Turkey. Thus, this paper explores the influence of foreign direct investment (FDI) inflows on energy diversification for E7 economies.

Design/methodology/approach

The dataset is panel data for emerging seven (E7) economies, covering the period 1992–2017. The empirical investigation relies on econometric techniques: panel cointegration test and panel autoregressive distributed lag model.

Findings

The findings reveal that energy diversification and FDI inflows are cointegrated. In the long run, higher FDI inflows encourage energy diversification, but energy efficiency improvements discourage energy diversification. In the short run, the effects of FDI inflows on energy diversification vary across E7 economies, highlighting the role of country-specific factors in determining the short-run influence of FDI inflows on energy diversification.

Research limitations/implications

The findings suggested that FDI policies should encourage the adoption of nonconventional energy resources to stimulate energy diversification in E7 economies. Besides, better coordination between energy diversification and energy efficiency policies is required in the long run for a successful transition towards low-carbon economy goals.

Originality/value

This study is a unique empirical exercise that uncovers a cointegrating relationship between energy diversification and FDI inflows for E7 economies. Moreover, the analysis provides homogenous long-run and heterogeneous (country-specific) short-run coefficient estimates for the effect of FDI inflows on energy diversification.

Details

International Journal of Emerging Markets, vol. 18 no. 12
Type: Research Article
ISSN: 1746-8809

Keywords

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

Article
Publication date: 25 March 2022

Ferdaws Ezzi, Bassem Salhi and Anis Jarboui

This study aims to focus on the important role of chief executive directors (CEOs’) emotional intelligence to explain the interactive relationship between research and development…

Abstract

Purpose

This study aims to focus on the important role of chief executive directors (CEOs’) emotional intelligence to explain the interactive relationship between research and development (R&D) investment and environmental performance in the energy sector and also to explain how the diversification into new energy technology provides explanations for environmental problems.

Design/methodology/approach

This research was realised through the completion of a questionnaire-type inquiry structured around table-based analysis. Two five-scale questionnaires were completed by CEOs relating to oil and gas industry. The first instrument reflects the level of emotional intelligence. The second instrument indicates elements of environmental performance. A total of 158 firms were approached using a questionnaire, where 112 responses were received and 108 valid responses were used for analysis. The data were analyzed by the partial least squares method.

Findings

The results confirm the positive effect of CEOs’ emotional intelligence on the interaction between R&D, energy and recycling. In addition, the diversification strategy further influences the role of CEOs’ emotional intelligence to provide explanations into a R&D investment for the environmental problems in the Tunisian energy sector. The findings reveal challenges and opportunities for Tunisia’s energy industry to increase R&D investment that will enable the economy to use more environment-friendly devices and technologies that will be reducing pollution.

Originality/value

First, this study indicates the important role of managerial emotional intelligence to explain the impact of R&D investment and help Tunisian energy enterprises look for means to minimise their environmental expenses through raising energy efficiencies, reducing pollution and encouraging reuse and recycling. Second, this study explains how a diversification strategy can mediate the interaction effect of CEO emotional intelligence. The Tunisia oil and gas sector has not been subjected to extensive research and this paper, to the best of the authors’ knowledge, represents a first attempt to provide an overview of the sector.

Content available
Book part
Publication date: 23 September 2019

Yi-Ming Wei, Qiao-Mei Liang, Gang Wu and Hua Liao

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

Article
Publication date: 3 April 2017

Dawit Guta and Jan Börner

Ethiopia’s energy sector faces critical challenges to meeting steadily increasing energy demand given limited infrastructure, heavy reliance on hydroelectric power and…

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Abstract

Purpose

Ethiopia’s energy sector faces critical challenges to meeting steadily increasing energy demand given limited infrastructure, heavy reliance on hydroelectric power and underdevelopment of alternative energy resources. The purpose of this paper was to identify optimal least cost investment decisions for integrated energy source diversification. The authors seek to contribute to the relevant literature by paying particular attention to the role of public policy for promoting renewable energy investment and to better understand future energy security implications of various sources of uncertainty.

Design/methodology/approach

The authors created a dynamic linear programming model using General Algebraic Modelling System software to explore the national energy security implications of uncertainties associated with increasing technological advances and efficiency, and climate change scenarios.

Findings

To cope with the impacts of drought expected from future climate change on hydroelectric power production, Ethiopia would need to invest in the development of alternative energy resources. Such investment would not only enhance the sustainability and reliability of energy production but also increase costs. Greater rates of technological and efficiency innovations, however, were found to improve electricity diversification and reduce production costs and shadow prices or resource scarcity, and are thus key for enhancing energy security and reducing the risks posed by drought.

Originality/value

The dynamic linear programming model by the authors represents a flexible sector modelling tool for exploring the sustainability and efficiency of energy resource development pathways and evaluating the effects of different sources of uncertainty on the energy sector.

Details

International Journal of Energy Sector Management, vol. 11 no. 1
Type: Research Article
ISSN: 1750-6220

Keywords

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

Book part
Publication date: 21 May 2021

İbrahim Murat BİCİL and Kumru TURKOZ

Introduction: Although the concept of energy security has different meanings for each country, it is included in the energy policies of all countries in general. Energy security…

Abstract

Introduction: Although the concept of energy security has different meanings for each country, it is included in the energy policies of all countries in general. Energy security policies have more strategic importance especially for energy-importing countries. Imported energy sources are widely used in Turkey as in many countries. The variety of imported energy sources and the density of imports according to the imported countries affect the security of imported energy supply. Although the high density of imports is a risk factor, there are political and structural factors that may affect economic relations with the countries where energy is imported.

Aim: The aim of this study is to measure the short-term risk for the import of fossil resources in Turkey for the period 1999–2018.

Method: An index has composed by revising the risky external energy supply index included in the study of Le Coq and Paltseva (2009).

Findings: Empirical findings showed that on average, the most risky source of imports based on fossil resources is oil, followed by natural gas and coal respectively.

Originality of the Study: Various risk factors such as fossil fuel import intensity, political risk, and logistics performance have been taken into consideration in the proposed index. So this index proposed for Turkey, is expected to offer a different perspective to the energy supply security literature.

Implications: The proposed risk index has enabled the measurement of the level of risk in imported fossil sources in Turkey. Thus, policy implications have been made for energy supply security.

Details

New Challenges for Future Sustainability and Wellbeing
Type: Book
ISBN: 978-1-80043-969-6

Keywords

Book part
Publication date: 3 June 2019

James K. R. Watson

The chapter will explore the growth and opportunities of small-scale local power generation and the implications for internet access for rural communities. Solar power has grown…

Abstract

The chapter will explore the growth and opportunities of small-scale local power generation and the implications for internet access for rural communities. Solar power has grown exponentially in the last decade across the world and has provided opportunities for the development of local energy communities and on microgrids across the world and in Europe.

The huge cost reductions experienced in solar and its relative mobile and flexible nature have made it a technology perfect for rural areas to develop their own sustainable source of electricity supply. The increasing rise of digital tools has coupled nicely with the advent of mass use of solar in rural areas and thus the connection between smart solar and smart villages has become increasingly a norm.

Rural communities in Europe have embraced solar technology, with many farmers using solar as a means to reduce their electricity costs and also generate new streams of income to improve their overall livelihoods. Some case studies from India, Germany, and Africa will be examined. Other experiences will also be considered, especially where double land use between solar technology and livestock has empowered rural communities.

Outside of Europe, Africa and Asia have also seen solar as a means to electrify remote rural villages. This has lead to the development of microgrids and new technologies that are less deployed in Europe, which are being rolled out for rural communities in the rest of the world. This has been particularly successful in creating smart rural communities as often digital communications have already reached these communities and thus power and telecoms are combining to provide clean and controlled power for millions in Africa. This chapter will also assess the growth of smart energy communities in non-traditional energy markets and determine what lessons we can learn from their experiences.

This chapter will examine other sources of renewable energy and the role that biogas, biomass, and others are playing in the creation of smart villages in Europe and beyond. Biomass has been the traditional tool for many rural communities to generate power and heat and thus an examination of how it now plays a role in smart villages is vital to understanding the energy transition we are experiencing in rural communities.

Details

Smart Villages in the EU and Beyond
Type: Book
ISBN: 978-1-78769-846-8

Keywords

Book part
Publication date: 8 November 2019

Tatsiana Zoryna

In this chapter, characteristic of the fuel and energy sector of Republic of Belarus; its organizational structure; the current state of development of power, gas, peat, and oil…

Abstract

In this chapter, characteristic of the fuel and energy sector of Republic of Belarus; its organizational structure; the current state of development of power, gas, peat, and oil industries are given. The energy balance of the country and the main power streams is analyzed. Characteristic of key indicators of energy security is presented. The main threats connected with ensuring energy security of Republic of Belarus are allocated. In particular, the characteristic of the directions of reducing the energy dependence of the Republic of Belarus on the supply of natural gas from the Russian Federation is presented. Dynamics of power consumption of GDP is analyzed. Potential of use of renewable and local energy resources, complexity and prospect of their further integration into the Belarusian power system are considered. The prospects of development of nuclear power of Republic of Belarus are described. The advantages and disadvantages connected with input of the Belarusian nuclear power plant in operation are designated. The perspective directions of sustainable power development of Republic of Belarus till 2035 are revealed.

Abstract

Details

Energy Security in Times of Economic Transition: Lessons from China
Type: Book
ISBN: 978-1-83982-465-4

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