scholarly journals Opening new markets for clean energy: The role of project developers in the global diffusion of renewable energy technologies

2018 ◽  
Vol 20 (4) ◽  
pp. 553-587 ◽  
Author(s):  
Bjarne Steffen ◽  
Tyeler Matsuo ◽  
Davita Steinemann ◽  
Tobias S. Schmidt
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Home Country ◽  
Clean Energy ◽  
Solar Pv ◽  
Spatial Spillovers ◽  
Energy Technologies ◽  
Mixed Method Design ◽  
The Impact

AbstractAs renewable energy supply chains have grown increasingly globalized, national clean energy transitions have become highly influenced by international dynamics. However, these dynamics are themselves collectively shaped by domestic policy that drives the deployment of renewables. While spatial spillovers of domestic renewable energy policies have been studied on an aggregate level regarding policy diffusion or the flows of technology across countries, implications on an actor-level have been largely neglected. This article addresses this gap by analyzing global patterns of market openings for wind, solar PV, and biomass, focusing on the role of private project developers in developing countries. We use a mixed method design, based on a newly merged dataset encompassing eighty countries, and on interviews with pioneering project developers. Results highlight how patterns in market openings are shaped considerably by technology characteristics. Further, empirical results show international private developers are a key first mover in many developing countries. We explore drivers for this internationalization trend, including the impact of international developers' home country policies and the accumulation of tacit knowledge from home country markets for market openings abroad. Finally, we discuss implications for industrial policy and argue for further research on global spillovers of national policies on the actor-level.

scholarly journals Unlocking Opportunities in Renewable Energy Technologies in Africa: The Role of Development Financial Institutions

2021 ◽  
Vol 12 (1) ◽  
pp. 92-110
Author(s):  
Oluwaseun Viyon Ojo
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Financial Institutions ◽  
Energy Transition ◽  
Clean Energy ◽  
Global Energy ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
The Impact

Climate change and global warming are undeniably undermining global development with developing or emerging economies being the worse hit in this unfortunate development. In recent times, it has become necessary to adopt effective adaptation measures that mitigate the impact of climate change on the social, political, and economic environment. A global shift to low-carbon energy technologies through the gradual integration of renewable energy resources in the global energy mix has been generally proposed. Whilst legal and regulatory initiatives are indeed crucial in driving this global energy transition, it is equally imperative that the necessary capital is unlocked to finance the construction, development, and expansion of renewable energy projects in Africa. This paper focused on examining the impact of renewable energy technologies on climate change mitigation, and analysed the role of Development Financial Institutions (DFIs) in unlocking the vast opportunities associated with renewable energy technologies or projects, with a view to driving the clean energy transition in Africa.

scholarly journals The Impact of Financial Development On The Clean Energy Transition In MENA Region: The Role of Institutional And Political Factors.

2021 ◽  
Author(s):  
Haifa Saadaoui
Keyword(s):  
Renewable Energy ◽  
Financial Development ◽  
Energy Transition ◽  
Transition Process ◽  
Clean Energy ◽  
Mena Region ◽  
Political Factors ◽  
Long Run ◽  
The Impact

Abstract This study focuses on the role of institutional factors as well as financial development in renewable energy transition in Middle East and North Africa (MENA) region over the period 1990-2018 using the ARDL PMG method. The investigation of long-run and short-run analysis confirms that institutional and political factors play a key role in promoting the transition to renewable energy, and shows that improving these factors can lead to decarbonization of the energy sector in the long run. Another important finding is that global financial development does not have a significant effect on the transition process in the long run, implying that the whole financial system needs a fundamental structural change to accelerate the substitution between polluting and clean energies. However, in the short term, the impact appears to be negative and significant, highlighting the inadequacy of financial institutions and financial markets in promoting the region’s sustainable path. Moreover, income drives the transition to renewable energy in both short and long term. The causality results show that both financial development and institutional quality lead to renewable energy transition, while there is a bidirectional link between income and renewable energy.This study can provide a very useful recommendation to promote a clean transition in the MENA region.

Impact of public R&D as market matures: Evidence from solar PV industry

2020 ◽  
pp. 0958305X2098158
Author(s):  
Hanee Ryu ◽  
Hyejae Jung
Keyword(s):  
Renewable Energy ◽  
Cost Reduction ◽  
Reduction Rate ◽  
Public Research ◽  
Solar Pv ◽  
Change Rate ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
Technology Maturity ◽  
The Impact

Our study concentrates on the impact of public research and development (R&D) as solar PV market matures. This paper tried to distinguish the concepts of market maturity and technology maturity and to approach them measurably. Considering the concept of cost reduction rate and number of patent change rate, we estimates maturity indicator respectively. Next, we estimate how market and technology maturity interact with public R&D. Finally, we examine whether the R&D effect varies depending on market maturity. This study suggests the implications of the R&D policy of renewable energy technologies at various maturity levels by making the concept of market maturity which is commonly used and measuring the R&D effect according to market maturity.

Planning the Electrification of Rural Villages in East Nusa Tenggara Using Renewable Energy Generation

2018 ◽  
Vol 1 (1) ◽  
pp. 5-21
Author(s):  
Jannata Giwangkara ◽  
Bart Van Campen
Keyword(s):  
Renewable Energy ◽  
Energy Resource ◽  
Energy Generation ◽  
Economic Feasibility ◽  
Rural Electrification ◽  
Solar Pv ◽  
Rural Villages ◽  
Energy Technologies ◽  
Renewable Energy Generation ◽  
The Impact

Providing accessible, affordable and renewable electricity to rural areas in developing countries like Indonesia, is arguably challenging. The higher initial cost of renewable, as compared to conventional energy technologies, is often viewed as an obstacle in the rural electrification decision-making process. This study is conducted to examine the techno-economic feasibility of renewable energy generation options to bring electricity to the rural villages in Indonesia with Belu Regency, East Nusa Tenggara (ENT) as a case study. In this study, three village electrification scenarios were generated: basic (with the demand load of 150,5 kWh/day), moderate (359,9 kWh/day) and advanced electrification (579 kWh/day). To supply the load, three energy technologies were compared: conventional technology (diesel-powered); renewables technology (solar PV, and wind turbines); and hybrid technology (combination of diesel, solar PV and wind). The Hybrid Optimization of Multiple Energy Resource (HOMER) software was selected to model the best-optimised system configuration for the scenarios with defined constraints and sensitivity analysis. The study also investigates the impact and benefit of each system on the environment, specifically on CO2 emissions and pricing options. The results found that the renewable energy village-grid system (mostly powered by solar PV) is more competitive than the diesel-powered system in all scenarios. The levelized cost of energy (LCOE) of renewable energy system for each scenario is 0,66 USD/kWh (basic), 0,74 USD/kWh (moderate) and 0,55 USD/kWh (advance) respectively. This preliminary study concludes that rural electrification with renewables is a feasible option for a generic, modeled village in ENT. More, specific case research would be needed. JEL Classification: Q42, Q54Keywords: East Nusa Tenggara, electrification planning, HOMER, LCOE, renewable energy, rural electrification.

Could CSR improve the financial performance of developing countries’ firms? Analyses of mediating effect of intangible resources

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohamed Hamdoun ◽  
Mohamed Akli Achabou ◽  
Sihem Dekhili
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Financial Performance ◽  
Competitive Advantage ◽  
Mediating Effect ◽  
Social Dimension ◽  
Content Type ◽  
Intangible Resources ◽  
The Impact

Purpose This paper aims to examine the link between corporate social responsibility (CSR) and financial performance in the context of developing countries. More specifically, the mediating role of a firm’s competitive advantage and intangible resources, namely, human capital and reputation are studied. Design/methodology/approach The study considered a sample of 100 Tunisian firms. The analysis makes use of the structural equation modelling method to explore the relationship between CSR and financial performance, by including mediator variables. Findings The results confirm that CSR has no significant direct effect on financial performance. In particular, they indicate that the social dimension of CSR has a negative impact on performance. However, CSR does have a positive impact on competitive advantage via the two intangible resources considered, human capital and company reputation. Research limitations/implications The research fills a gap that occurred in the previous literature. In effect, previous studies focussed only on the direct link between CSR and financial performance. In addition, it enriches the limited literature on CSR strategies in the context of developing countries. However, further studies should explore the opposite relationship, i.e. the impact of financial performance on CSR strategy. In addition, the authors believe that amongst other potential research avenues, it would be interesting to study the moderating role of the activity sector. Practical implications From a practical point of view, this study suggests new applications with respect to the link between CSR and financial performance. To enhance their company’s financial performance, managers need to ensure that intangible resources are managed efficiently. Originality/value The paper contributes to the literature by examining how a firm’s intangible resources mediate between CSR and competitive advantage and how competitive advantage mediates between intangible resources and financial performance. Second originality is related to the study of the link between CSR and the financial performance of business organisations in the context of a developing country.

scholarly journals Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis

2019 ◽  
Vol 11 (8) ◽  
pp. 2418 ◽  
Author(s):  
Nadia Singh ◽  
Richard Nyuur ◽  
Ben Richmond
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Renewable Energy ◽  
Energy Production ◽  
Developing Economies ◽  
Panel Data Analysis ◽  
Least Square ◽  
Renewable Energy Production ◽  
The Future ◽  
The Impact

Renewable energy is being increasingly touted as the “fuel of the future,” which will help to reconcile the prerogatives of high economic growth and an economically friendly development trajectory. This paper seeks to examine relationships between renewable energy production and economic growth and the differential impact on both developed and developing economies. We employed the Fully Modified Ordinary Least Square (FMOLS) regression model to a sample of 20 developed and developing countries for the period 1995–2016. Our key empirical findings reveal that renewable energy production is associated with a positive and statistically significant impact on economic growth in both developed and developing countries for the period 1995–2016. Our results also show that the impact of renewable energy production on economic growth is higher in developing economies, as compared to developed economies. In developed countries, an increase in renewable energy production leads to a 0.07 per cent rise in output, compared to only 0.05 per cent rise in output for developing countries. These findings have important implications for policymakers and reveal that renewable energy production can offer an environmentally sustainable means of economic growth in the future.

scholarly journals The Impact of Lack of Clean Cooking Fuels on Sustainable Development in Developing Countries

2018 ◽  
Author(s):  
Ifeoluwa Garba ◽  
Richard Bellingham
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Fossil Fuels ◽  
Energy Use ◽  
Business Models ◽  
Clean Energy ◽  
Well Being ◽  
The World ◽  
Cooking Fuels ◽  
The Impact

Access to energy is crucial in tackling many of the current global development challenges that impact on people’s economic, health and social well-being as well as the ability to meet the commitments of reducing carbon emissions through clean energy use. Despite increased attention from multiple governments and agencies, energy poverty remains a serious sustainable development issue in many developing countries. To date, most research have focused on general access to electricity and the generation of clean energy to replace fossil fuels, failing to address the lack of basic access to clean energy for cooking and heating. More people in the world lack access to clean cooking fuels than to electricity. This issue is one aspect of a broader research which investigates the impacts of optimized energy policy and energy business models on sustainable development in developing countries.

scholarly journals Foreign Shareholdings Impact on Banks Efficiency and Moderating Role of Corporate Governance

2019 ◽  
Vol 8 (2S9) ◽  
pp. 414-425
Keyword(s):  
Developing Countries ◽  
Corporate Governance ◽  
Country Of Origin ◽  
Developed Countries ◽  
Moderating Effect ◽  
Due Diligence ◽  
The Board Of Directors ◽  
The Impact ◽  
Moderating Role

The research investigate the impact of foreign shareholding originated from developed and developing countries on the efficiency of acquired local banks in Indonesia during 2007-2017 by including Corporate Governance as a moderating variable. Methodology: Using the secondary aggregate data of 29 commercial banks acquired by foreign shareholders, a panel regression model using econometrics methods of GLS, and DEA were applied to examine the effects of percentage of foreign shareholdings on efficiency of the acquired local banks. The main findings; First, percentage of foreign shareholdings positively affecting efficiency of acquired local banks only if the foreign shareholders is originated from developed countries. Second, the level of economic advancement of the country of origin of foreign shareholders has significant effects on the efficiency of the acquired local banks. Third, the increase in the size of the Board of Directors tends to decrease the efficiency of the acquired local banks and fourth, the presence of Foreign Director has a positive moderating effect on strengthening the effect of percentage of foreign shareholdings on the efficiency of the acquired local banks. Overall, the originality of this studies is that the percentage of foreign shareholdings and its country of origin are two combined factors that cannot be separated in affecting the level of efficiency of its acquired local bank and the fact of significant positive moderating effect of Foreign Director. As policy consideration, monetary authority need to perform strict due diligence on prospective foreign shareholders specifically originated from developing countries, advise banks to maintain the existence of Foreign Director and to encourage small local banks to be merged prior to the acquisition by foreign shareholders.

scholarly journals The impact of public managers' leadership styles on results-based planning practices in Vietnam

2021 ◽  
Author(s):  
◽  
Ha Pham
Keyword(s):  
Leadership Styles ◽  
Leadership Behaviors ◽  
Organizational Factors ◽  
Public Organizations ◽  
Managerial Leadership ◽  
Public Managers ◽  
Mixed Method Design ◽  
Autocratic Leadership ◽  
The Impact

<p>Over past decade, there has been increased use of results-based management in Vietnam and other countries, but little empirical research exists on results-based planning (RBP) in the planning functions of public organizations. Some experiences suggest that managerial leadership may be among the determinants of success, affecting whether and how RBP is used. This thesis answers the following question: What is the impact of leadership styles by public managers on the practices of RBP?  Using empirical observations of current RBP in Vietnamese public organizations and a multiphase mixed method design, this study finds that transformational, transactional, and autocratic leadership styles are often concurrent among public managers (but in varying intensities), and these ‘combined’ leadership styles have a direct, positive, and strong effect on the use and outcomes of RBP practices. This study also finds that leadership effects on RBP are stronger than other organizational factors examined (RBP-related training, bureaucratic culture, funding). Furthermore, among three components of these combined leadership styles, transformational leadership has the greatest contribution to the higher performance of RBP practices. The findings of this research also show the specific leadership behaviors by public managers that are most associated with the increased RBP.  This study contributes to the literature by offering empirical evidence of the role of leadership in deploying reforms such as results-based planning in a context of a developing country. It also provides public organizations with knowledge of leadership styles for implementing such reforms.</p>

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