The dynamics of Indian energy mix: a two-phase analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amit Prakash Jha ◽  
Sanjay Kumar Singh
Keyword(s):  
Renewable Energy ◽  
Phase Analysis ◽  
Electricity Consumption ◽  
Second Phase ◽  
Power Sector ◽  
Renewable Sources ◽  
Content Type ◽  
Energy Mix ◽  
Per Capita ◽  
Indian Power Sector

PurposeThe Indian power sector is dominated by coal. Environmental awareness and advances in techno-economic front have led to a slow but steady shift towards greener alternatives. The distributions of both fossil fuel resources and renewable energy potential are not uniform across the states. Paper attempts to answer how the states are performing in the sector and how the renewable energy and conventional resources are affecting the dynamics.Design/methodology/approachThe authors employ a two-stage data envelopment analysis (DEA) to rank the performance of Indian states in the power sector. Multi-stage analysis opens up the DEA black-box through disaggregating power sector in two logical sub-sectors. The performance is evaluated from the point-of-view of policy formulating and implementing agencies. Further, an econometric analysis using seemingly unrelated regression equations (SURE) is conducted to estimate the determinants of total and industrial per-capita electricity consumption.FindingsEfficiency scores obtained from the first phase of analysis happens to be a significant explanatory variable for power consumption. The growth in electricity consumption, which is necessary for economic wellbeing, is positively affected by both renewable and non-renewable sources; but conventional sources have a larger impact on per-capita consumption. Yet, the share of renewables in the energy mix has positive elasticity. Hence, the findings are encouraging, because development in storage technologies, falling costs and policy interventions are poised to give further impetus to renewable sources.Originality/valueThe study is one of the very few where entire spectrum of the Indian power sector is evaluated from efficiency perspective. Further, the second phase analysis gives additional relevant insights on the sector.

scholarly journals Does the Increase in Renewable Energy Influence GDP Growth? An EU-28 Analysis

Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 4762
Author(s):  
Daniela Nicoleta Sahlian ◽  
Adriana Florina Popa ◽  
Raluca Florentina Creţu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Greenhouse Gases ◽  
Negative Impact ◽  
Gdp Growth ◽  
Panel Analysis ◽  
Renewable Sources ◽  
Per Capita ◽  
Near Future ◽  
The Eu

The aim of our study was to analyze whether the increase in the use of renewable energy can help GDP growth. The research carried out shows that renewable energy has the ability to decrease or neutralize the negative impact of greenhouse gases (GHG), but also to maintain economic growth. We focused our analysis on the EU-28 as we know that the EU Commission’s aim, in the near future, is to join forces to reduce the GHG used and move to renewable sources. We used a panel analysis with data between 2000 and 2019 from all Member States, and our results showed that their economic growth is influenced positively by the production of renewable energy, the GHG per capita, and the GHG intensity per GDP.

scholarly journals Optimizing renewable-based energy supply options for power generation in Ethiopia

PLoS ONE ◽  
2022 ◽  
Vol 17 (1) ◽  
pp. e0262595
Author(s):  
Megersa Tesfaye Boke ◽  
Semu Ayalew Moges ◽  
Zeleke Agide Dejen
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Energy Supply ◽  
Electricity Consumption ◽  
Energy Potential ◽  
Middle Income ◽  
Energy Mix ◽  
Reform Agenda ◽  
Income Status ◽  
Middle Status

Ethiopia unveiled homegrown economic reform agenda aimed to achieve a lower-middle status by 2030 and sustain its economic growth to achieve medium-middle and higher-middle status by 2040 and 2050 respectively. In this study, we evaluated the optimal renewable energy mix for power generation and associated investment costs for the country to progressively achieve upper-middle-income countries by 2050. Two economic scenarios: business as usual and Ethiopia’s homegrown reform agenda scenario were considered. The study used an Open Source energy Modeling System. The model results suggest: if projected power demand increases as anticipated in the homegrown reform agenda scenario, Ethiopia requires to expand the installed power capacity to 31.22GW, 112.45GW and 334.27GW to cover the current unmet and achieve lower, medium and higher middle-income status by 2030, 2040 and 2050 respectively. The Ethiopian energy mix continues to be dominated by hydropower and starts gradually shifting to solar and wind energy development towards 2050 as a least-cost energy supply option. The results also indicate Ethiopia needs to invest about 70 billion US$ on power plant investments for the period 2021–2030 to achieve the lower-middle-income electricity per capita consumption target by 2030 and staggering cumulative investment in the order of 750 billion US$ from 2031 to 2050 inclusive to achieve upper-middle-income electricity consumption rates by 2050. Ethiopia has enough renewable energy potential to achieve its economic target. Investment and financial sourcing remain a priority challenge. The findings could be useful in supporting decision-making concerning socio-economic development and investment pathways in the country.

scholarly journals Produkcja energii elektrycznej ze źródeł odnawialnych w krajach Unii Europejskiej i w Polsce w kontekście koncepcji zrównoważonego rozwoju

2017 ◽  
Vol 17(32) (2) ◽  
pp. 126-135
Author(s):  
Łukasz Kozar
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Electricity Consumption ◽  
Data Bank ◽  
Electricity Production ◽  
Energy Sources ◽  
Local Data ◽  
Renewable Sources ◽  
Regional Aspect ◽  
The Eu

The article presents changes that occurred in the production of electricity from renewable energy sources in the EU-28 and in Poland in the years of 2010-2015. The analysis of the changes was based on the data from Eurostat and the Local Data Bank. Based on the indicator of the share of electricity generated from renewable sources in gross electricity consumption, Poland in the period under discussion, was characterized as one of the highest dynamics of change among all EU countries. In addition, the article analyzes the situation concerning the production of electricity in Poland in the regional aspect. From the taken analyzes, it is clear that in all voivodeships, apart from Małopolskie voivodeship, in 2015, more electricity was produced from renewable sources compared to 2010. In the period under discussion, the share of electricity production from renewable sources in total electricity production also increased by 99% in Poland.

Are Islamic financial institutions more resilient against the COVID-19 pandemic in the GCC countries?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Erhan Akkas ◽  
Hazem Al Samman
Keyword(s):  
Saudi Arabia ◽  
Phase Analysis ◽  
Financial Institutions ◽  
Random Effect Model ◽  
Second Phase ◽  
Content Type ◽  
Gcc Countries ◽  
Effect Model ◽  
Islamic Financial Institutions ◽  
The Impact

Purpose This paper aims to investigate and provide an objective appraisal of the impact of the COVID-19 outbreak on Islamic and conventional financial institutions and Islamic windows in the Gulf Cooperation Council (GCC) countries. Design/methodology/approach The panel data techniques are conducted country-wise in each financial institution type: random-effect model, fixed-effect model and Hausman test. Findings The results of the first phase analysis that extends from 1 January 2020 to 30 October 2020 show that Islamic financial institutions are less exposed to the repercussions of the COVID-19 outbreak than the conventional and Islamic window financial institutions in Bahrain, Oman, Qatar, Saudi Arabia and UAE. Moreover, the Islamic financial institutions in Saudi Arabia and Oman have not been affected by the COVID-19 outbreak. The second phase analysis for the COVID-19 outbreak that extends from 1 November 2020 to 17 March 2021 confirms the disappearance of the negative impact of COVID-19 on Islamic financial institutions in Bahrain and Oman. Practical implications The findings present that Islamic banks are not as resilient in the COVID-19 pandemic as in the 2008 financial crisis. It can be suggested that regulatory authorities, financial institutions and other key policymakers in the GCC countries should focus on implementing regulatory reforms related to human capital, innovative products, research and development to further develop individuals, societies and institutions within the framework of Islamic ontology to be more resilient in such crises. Originality/value This paper provides a different perspective from existing literature on the pandemics and financial institutions by comparing the stock prices in Islamic and conventional financial institutions and Islamic windows in GCC countries during the COVID-19 pandemic. Therefore, this paper should be considered as a contribution to filling a gap in the literature.

Sugar price spikes will continue to worry importers

2016 ◽  
Keyword(s):  
Latin America ◽  
Renewable Energy ◽  
Middle East ◽  
North Africa ◽  
Processed Food ◽  
Content Type ◽  
Sugar Price ◽  
World Markets ◽  
Sugar Market ◽  
Per Capita

Subject Sugar market dynamics. Significance There were protests in Egypt in October and November after the price of sugar doubled this year from a low of around 10 cents per pound in 2015. The sugar price swings much more widely than any other commodity traded frequently on world markets. Latin America consumes the most sugar per capita but also produces the most. The Middle East and North Africa (MENA) produce little, but imports the most per capita, leaving the region vulnerable. Impacts Higher taxes may reduce demand for sugar for processed food and drinks but demand for use in renewable energy will likely remain high. China is the world's largest sugar importer and its policies have a large influence on sugar prices. NAFTA encouraged Mexico to raise its sugar output but Donald Trump's election has raised doubts over the agreement's future.

Employee engagement in Indian power companies: study of executives identifies four key drivers

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Keyword(s):  
Organizational Culture ◽  
Employee Engagement ◽  
Power Plants ◽  
Power Sector ◽  
Content Type ◽  
Specific Factors ◽  
Indian Power Sector ◽  
The Impact ◽  
The Relationship ◽  
Supervisor Trust

Purpose The purpose was to study how to create employee engagement in the Indian power sector. It also explored the antecedents of employee engagement. Design/methodology/approach Responses were gathered from executives in three companies working at power plants, distribution and transmission offices spread across five districts in the states of Odisha and West Bengal. Findings The research revealed how co-worker trust, supervisor trust and organizational trust all mediate the relationship between organizational culture and employee engagement. The study also compares engagement levels of employees at the three companies. Originality/value The authors say it is crucial to enhance employee engagement by identifying sector-specific factors. The results also help policymakers to appreciate the impact of organizational culture on employee engagement, and formulate appropriate policies.

Does any nexus between electricity consumption and economic growth exist? Evidence from Haryana using VAR model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kamaljit Singh
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Renewable Energy Sources ◽  
Electricity Consumption ◽  
Granger Causality Test ◽  
Economic Downturn ◽  
Causality Test ◽  
Content Type ◽  
Long Run ◽  
Per Capita

Purpose In the fast-changing technological environment, electricity is the essence of the world economy and a significant means for all the modern world’s possessions. The ongoing economic downturn focuses on energy’s role in the economy. This study aims to explore the nexuses between per capita electricity usage and per capita state gross domestic product (SGDP) in Haryana, India. Design/methodology/approach The statistics from 1989 to 2015 have been analyzed using Johansen cointegration, vector autoregression and paired Granger-causality test. Findings The Granger causality test results show that a long-run association is absent. A short-run unidirectional relationship runs from per capita SGDP to per capita electricity usage. Practical implications As a policy suggestion, the policymakers may encourage energy conservation measures and renewable energy sources to lead the country’s sustainable energy supply. Moreover, Haryana can increase its influence in this sector and enter rapidly in the growing markets worldwide by stimulating the production and adoption of digital solutions for energy efficiency. Originality/value To the best of the author’s awareness, this research is one of its nature regarding systematically analyzing electricity usage and economic growth relationship in Haryana.

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