Environment-related stranded assets: What does the market think about the impact of collective climate action on the value of fossil fuel stocks?

2021 ◽  
Vol 103 ◽  
pp. 105579
Author(s):  
Ali Shimbar
Keyword(s):  
Fossil Fuel ◽  
Climate Action ◽  
The Impact

scholarly journals Green Packaging from Consumer and Business Perspectives

2021 ◽  
Vol 13 (3) ◽  
pp. 1356
Author(s):  
Gonzalo Wandosell ◽  
María C. Parra-Meroño ◽  
Alfredo Alcayde ◽  
Raúl Baños
Keyword(s):  
Sustainable Development ◽  
Raw Materials ◽  
Research Activity ◽  
Word Clouds ◽  
Climate Action ◽  
Green Packaging ◽  
Materials Used ◽  
Societal Challenge ◽  
Corporate Social ◽  
The Impact

Sustainable development is a global objective that aims to address the societal challenge of climate action, the environment, resource efficiency, and raw materials. In this sense, an important strategy is the promotion of green packaging, that is, the use of sustainable materials and designs for the packaging of goods. In recent years, many research works have been published in the specialised area covering the different perspectives and dimensions of green packaging. However, to our knowledge, no previous investigations have analysed the research activity on green packaging from business and consumer perspectives. The present study intends to fill this gap by analysing all of the publications found in the Scopus database with the help of visual analytic tools, including word clouds and Gephi network visualization software. More specifically, our study analyses the impact of green packaging from business and consumer viewpoints, including some specific issues such as the design and materials used in green packaging, green packaging costs, marketing strategies and corporate social responsibility related to green packaging, and the impact of green packaging in waste management, the circular economy, logistics, and supply chain management. The results obtained reveal the growing interest of scholars and researchers in all of these dimensions, as is made patently clear by the increasing number of journal publications in recent years. The practical implications of this study are significant, given the growing awareness among companies and consumers about the importance of the promotion of sustainable development through green packaging alternatives. More specifically, the results of this research could be very useful for all of those agents who are interested in learning about the main lines of research being developed in the field of green packaging.

Analyzing the impact of fossil fuel import reliance on electricity prices: The case of the Iberian Electricity Market

2017 ◽  
Vol 28 (7) ◽  
pp. 687-705 ◽  
Author(s):  
Blanca Moreno ◽  
María T García-Álvarez
Keyword(s):  
Carbon Dioxide ◽  
Electricity Market ◽  
Fossil Fuel ◽  
Carbon Dioxide Emission ◽  
High Energy ◽  
Electricity Production ◽  
The European Union ◽  
Electricity Prices ◽  
The Impact ◽  
The Eu

Spain and Portugal are highly dependent on energy from abroad, importing more than 70% of all the energy they consume. This high energy dependence could involve important effects on the level and stability of their electricity prices as a half the gross electricity generated in both countries came from power stations using imported combustible fuels (such as natural gas, coal and oil). In general, changes in the prices of these fossil fuels can directly affect household electricity prices, since generation costs are likely to be transmitted through to the wholesale electricity market. Moreover, in the framework of the European Union Emission Trading System, electricity production technologies tend to incorporate their costs of carbon dioxide emission allowances in sale offers with the consequent increase of the electricity prices. The objective of this paper is to analyze the influence of fossil fuel costs and prices of carbon dioxide emission allowances in the EU on the Spanish and Portuguese electricity prices. With this aim, a maximum entropy econometric approach is used. The obtained results indicate that not only the price of imported gas are very important in explaining Spanish and Portuguese electricity prices but also the price of carbon dioxide emission allowances in the EU.

scholarly journals A short history of ocean acidification science in the 20th century: a chemist's view

2013 ◽  
Vol 10 (11) ◽  
pp. 7411-7422 ◽  
Author(s):  
P. G. Brewer
Keyword(s):  
Ocean Acidification ◽  
20Th Century ◽  
Fossil Fuel ◽  
Trade Offs ◽  
History Of ◽  
Chemical Knowledge ◽  
The Creation ◽  
Ph Scale ◽  
The Impact

Abstract. This review covers the development of ocean acidification science, with an emphasis on the creation of ocean chemical knowledge, through the course of the 20th century. This begins with the creation of the pH scale by Sørensen in 1909 and ends with the widespread knowledge of the impact of the "High CO2 Ocean" by then well underway as the trajectory along the IPCC scenario pathways continues. By mid-century the massive role of the ocean in absorbing fossil fuel CO2 was known to specialists, but not appreciated by the greater scientific community. By the end of the century the trade-offs between the beneficial role of the ocean in absorbing some 90% of all heat created, and the accumulation of some 50% of all fossil fuel CO2 emitted, and the impacts on marine life were becoming more clear. This paper documents the evolution of knowledge throughout this period.

scholarly journals Impacts of the Fossil Fuel Divestment Movement: Effects on Finance, Policy and Public Discourse

2018 ◽  
Vol 10 (7) ◽  
pp. 2529 ◽  
Author(s):  
Noam Bergman
Keyword(s):  
Climate Change ◽  
Public Discourse ◽  
Fossil Fuel ◽  
Grey Literature ◽  
Fiduciary Duty ◽  
Student Groups ◽  
Finance Industry ◽  
Fossil Fuel Industry ◽  
The Uk ◽  
The Impact

The fossil fuel divestment movement campaigns for removing investments from fossil fuel companies as a strategy to combat climate change. It is a bottom-up movement, largely based in university student groups, although it has rapidly spread to other institutions. Divestment has been criticised for its naiveté and hard-line stance and dismissed as having little impact on fossil fuel finance. I analyse the impact of divestment through reviewing academic and grey literature, complemented by interviews with activists and financial actors, using a theoretical framework that draws on social movement theory. While the direct impacts of divestment are small, the indirect impacts, in terms of public discourse shift, are significant. Divestment has put questions of finance and climate change on the agenda and played a part in changing discourse around the legitimacy, reputation and viability of the fossil fuel industry. This cultural impact contributed to changes in the finance industry through new demands by shareholders and investors and to changes in political discourse, such as rethinking the notion of ‘fiduciary duty.’ Finally, divestment had significant impact on its participants in terms of empowerment and played a part in the revitalisation of the environmental movement in the UK and elsewhere.

scholarly journals Joint inverse estimation of fossil fuel and biogenic CO2 fluxes in an urban environment: An observing system simulation experiment to assess the impact of multiple uncertainties

Elem Sci Anth ◽  
2018 ◽  
Vol 6 ◽  
Author(s):  
Kai Wu ◽  
Thomas Lauvaux ◽  
Kenneth J. Davis ◽  
Aijun Deng ◽  
Israel Lopez Coto ◽  
...  
Keyword(s):  
High Resolution ◽  
Urban Environment ◽  
Co2 Emissions ◽  
Fossil Fuel ◽  
Atmospheric Transport ◽  
System Simulation ◽  
Co2 Flux ◽  
Point Sources ◽  
Co2 Fluxes ◽  
The Impact

The Indianapolis Flux Experiment aims to utilize a variety of atmospheric measurements and a high-resolution inversion system to estimate the temporal and spatial variation of anthropogenic greenhouse gas emissions from an urban environment. We present a Bayesian inversion system solving for fossil fuel and biogenic CO2 fluxes over the city of Indianapolis, IN. Both components were described at 1 km resolution to represent point sources and fine-scale structures such as highways in the a priori fluxes. With a series of Observing System Simulation Experiments, we evaluate the sensitivity of inverse flux estimates to various measurement deployment strategies and errors. We also test the impacts of flux error structures, biogenic CO2 fluxes and atmospheric transport errors on estimating fossil fuel CO2 emissions and their uncertainties. The results indicate that high-accuracy and high-precision measurements produce significant improvement in fossil fuel CO2 flux estimates. Systematic measurement errors of 1 ppm produce significantly biased inverse solutions, degrading the accuracy of retrieved emissions by about 1 µmol m–2 s–1 compared to the spatially averaged anthropogenic CO2 emissions of 5 µmol m–2 s–1. The presence of biogenic CO2 fluxes (similar magnitude to the anthropogenic fluxes) limits our ability to correct for random and systematic emission errors. However, assimilating continuous fossil fuel CO2 measurements with 1 ppm random error in addition to total CO2 measurements can partially compensate for the interference from biogenic CO2 fluxes. Moreover, systematic and random flux errors can be further reduced by reducing model-data mismatch errors caused by atmospheric transport uncertainty. Finally, the precision of the inverse flux estimate is highly sensitive to the correlation length scale in the prior emission errors. This work suggests that improved fossil fuel CO2 measurement technology, and better understanding of both prior flux and atmospheric transport errors are essential to improve the accuracy and precision of high-resolution urban CO2 flux estimates.

scholarly journals Barbados towards 100% Renewable Energy: Case Scenarios for 2030 National Energy Target Plans

2021 ◽  
Vol 44 (1) ◽  
pp. 11-17
Author(s):  
Sheldon Marshall ◽  
Randy Koon Koon
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Energy Security ◽  
Fossil Fuel ◽  
Environmental Parameters ◽  
Small Island ◽  
Annual Growth Rate ◽  
Energy Profile ◽  
Case Scenario ◽  
The Impact

The integration of renewable energy (RE) into the overall energy mix of Caribbean nations has been increasing in recent times. The volatile nature of the carbon-based industry through fluctuations in prices of fossil fuel based-products renders it necessary to promote an aggressive energy profile transition to renewable energy, as this is crucial to energy security in these vulnerable Small Island Developing States (SIDS). The nation of Barbados has notably understood this reality and, as such, its government has endorsed the approach of 100% RE implementation by 2030. This paper explores three distinctive annual growth rate (AGR) scenarios to assess the impact on the expected power generation, economic and environmental parameters through the period of 2019-2030. Notable findings at a high case scenario for 2030 (at an AGR of 3%) projects a power generation of 1.343 Tera-watts-hour (TWh), which will displace 790,500 barrels of oil equivalent (boe), resulting in an abatement of approximately 0.95 million tons of carbon dioxide into the atmosphere.

The impact of fossil fuel divestments and energy transitions on mutual funds performance

2022 ◽  
Vol 176 ◽  
pp. 121429
Author(s):  
Xiaozhu Guo ◽  
Chao Liang ◽  
Muhammad Umar ◽  
Nawazish Mirza
Keyword(s):  
Mutual Funds ◽  
Fossil Fuel ◽  
Energy Transitions ◽  
The Impact

Robustness of Norway Economy and Energy Supply/Demand

2017 ◽  
Vol 8 (2) ◽  
pp. 1-19 ◽  
Author(s):  
Alireza Aslani ◽  
Maryam Hamlehdar ◽  
Reza Saeedi
Keyword(s):  
Electricity Markets ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Energy Sector ◽  
Good Choice ◽  
Energy Utilization ◽  
Economic Stability ◽  
High Dependency ◽  
Strategic Role ◽  
The Impact

Energy has a strategic role in the social and economic development of the countries all over the world. Due to the high dependency on fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policy makers and researchers. Norway, as a fossil fuel export country, is a good choice for the analysis of the relationships between the economics robustness and fossil fuel economics fluctuations. While the country is one of the pioneers in the field of sustainable energy utilization, they have tried to provide a robust economic situation for the oil exports revenues. In this article, the effects of energy changes on the economy are investigated in Norway. In this regard, first, the impact of oil price on macro-economic parameters is discussed. Afterwards, the main issues related to the energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, and the electricity markets are discussed.

scholarly journals Shadows of Divestment: The Complications of Diverting Fossil Fuel Finance

2020 ◽  
Vol 20 (2) ◽  
pp. 3-11
Author(s):  
Kate J. Neville
Keyword(s):  
Fossil Fuels ◽  
Fossil Fuel ◽  
Commodity Trade ◽  
Global Environmental Politics ◽  
Global Environmental ◽  
Climate Action ◽  
The Status ◽  
Political Economic ◽  
Two Sectors ◽  
Social Damage

This forum article offers a critical assessment of the strategy of divestment from fossil fuels as climate action, considering the unintended or spillover consequences of reinvestment in other industries. With a focus on two sectors—agriculture and renewable energy—it examines how reinvestment to achieve competitive financial returns might exacerbate non-emissions-based environmental and social damage. The analysis draws on established and emerging research in global environmental politics on the political economy of commodity trade to sound a cautionary note about divestment, arguing that the strategy can maintain the status quo as readily as it can disrupt systems of power. A focus on divestment addresses a crucial immediate problem, but without a critical look at reinvestment and the current political economic order, activists could be reinforcing the same systems of environmental and social damage they are aiming to dismantle.

scholarly journals The Climate Action Simulation

2019 ◽  
Vol 51 (2) ◽  
pp. 114-140 ◽  
Author(s):  
Juliette N. Rooney-Varga ◽  
Florian Kapmeier ◽  
John D. Sterman ◽  
Andrew P. Jones ◽  
Michele Putko ◽  
...  
Keyword(s):  
Climate Change ◽  
Focus Group ◽  
Energy Systems ◽  
Role Playing ◽  
Energy System ◽  
Initial Evaluation ◽  
Emotional Engagement ◽  
Action Simulation ◽  
Climate Action ◽  
The Impact

Background. We describe and provide an initial evaluation of the Climate Action Simulation, a simulation-based role-playing game that enables participants to learn for themselves about the response of the climate-energy system to potential policies and actions. Participants gain an understanding of the scale and urgency of climate action, the impact of different policies and actions, and the dynamics and interactions of different policy choices. Intervention. The Climate Action Simulation combines an interactive computer model, En-ROADS, with a role-play in which participants make decisions about energy and climate policy. They learn about the dynamics of the climate and energy systems as they discover how En-ROADS responds to their own climate-energy decisions. Methods. We evaluated learning outcomes from the Climate Action Simulation using pre- and post-simulation surveys as well as a focus group. Results. Analysis of survey results showed that the Climate Action Simulation increases participants’ knowledge about the scale of emissions reductions and policies and actions needed to address climate change. Their personal and emotional engagement with climate change also grew. Focus group participants were overwhelmingly positive about the Climate Action Simulation, saying it left them feeling empowered to make a positive difference in addressing the climate challenge. Discussion and Conclusions. Initial evaluation results indicate that the Climate Action Simulation offers an engaging experience that delivers gains in knowledge about the climate and energy systems, while also opening affective and social learning pathways.

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