scholarly journals The Impact of Carbon Pricing On International Competitiveness In The Case of Azerbaijan

2021 ◽  
Author(s):  
Shahriyar Mukhtarov
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
International Competitiveness ◽  
Pollution Effects ◽  
Carbon Pricing ◽  
The Impact

Abstract This article examines the impact of carbon pricing on international competitiveness for Azerbaijan, utilizing different cointegration methods such as, ARDLBT, CCR, DOLS, and FMOLS to the data spanning from 1998 to 2019. The results of the various cointegration approaches are in line with each other. The estimation results revealed that carbon pricing has a negative and significant impact on the international competitiveness in Azerbaijan. The study concludes that the Azerbaijani policymakers should implement carbon pricing measures (implicit) to decrease energy heavy industries as well as use more renewable energy in order to prevent higher pollution effects of fossil fuels.

scholarly journals Examining the Role of Disruptive Innovation in Renewable Energy Businesses from a Cross National Perspective

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4447
Author(s):  
Hokey Min ◽  
Yohannes Haile
Keyword(s):  
Renewable Energy ◽  
Natural Resources ◽  
Fossil Fuels ◽  
Weather Conditions ◽  
Disruptive Innovation ◽  
Production Costs ◽  
Developed Economies ◽  
Sustainable Value ◽  
National Perspective ◽  
The Impact

With a growing demand for safe, clean, and affordable energy, countries across the world are now seeking to create and rapidly develop renewable energy (RE) businesses. The success of these businesses often hinges on their ability to translate RE into sustainable value for energy consumers and the multiple stakeholders in the energy industry. Such value includes low production costs due to an abundance of natural resources (e.g., wind, water, sunlight), and public health benefits from reduced environmental pollution. Despite the potential for value creation, many RE businesses have struggled to create affordable energy as abundant as that which is produced by traditional fossil fuels. The rationale being that traditional RE sources emanating from natural resources tend to rely on unpredictable weather conditions. Therefore, to help RE businesses deliver sustainable value, we should leverage disruptive innovation that is less dependent on natural resources. This paper is one of the first attempts to assess the impact of disruptive innovation on RE business performances based on the survey data obtained from multiple countries representing both emerging and developed economies.

scholarly journals Applications of solar and wind renewable energy in agriculture: A review

2019 ◽  
Vol 102 (2) ◽  
pp. 127-140 ◽  
Author(s):  
Yuliana de Jesus Acosta-Silva ◽  
Irineo Torres-Pacheco ◽  
Yasuhiro Matsumoto ◽  
Manuel Toledano-Ayala ◽  
Genaro Martín Soto-Zarazúa ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Energy Systems ◽  
Energy System ◽  
Climate Control ◽  
Greenhouse Production ◽  
Renewable Energy Systems ◽  
Greenhouse Crops ◽  
Renewable Energy System ◽  
The Impact

The growing demand for food and the unstable price of fossil fuels has led to the search for environmentally friendly sources of energy. Energy is one of the largest overhead costs in the production of greenhouse crops for favorable climate control. The use of wind–solar renewable energy system for the control of greenhouse environments reduces fuel consumption and so enhances the sustainability of greenhouse production. This review describes the impact of solar–wind renewable energy systems in agricultural greenhouses.

scholarly journals Impact of Electric Vehicle Charging Strategy on the Long-Term Planning of an Isolated Microgrid

Energies ◽  
2020 ◽  
Vol 13 (13) ◽  
pp. 3455
Author(s):  
Jean-Michel Clairand ◽  
Carlos Álvarez-Bel ◽  
Javier Rodríguez-García ◽  
Guillermo Escrivá-Escrivá
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Energy Use ◽  
Environmental Benefits ◽  
Electric Vehicle Charging ◽  
Power Generation Planning ◽  
Smart Charging ◽  
The Impact ◽  
Ev Charging ◽  
Charging Strategy

Isolated microgrids, such as islands, rely on fossil fuels for electricity generation and include vehicle fleets, which poses significant environmental challenges. To address this, distributed energy resources based on renewable energy and electric vehicles (EVs) have been deployed in several places. However, they present operational and planning concerns. Hence, the aim of this paper is to propose a two-level microgrid problem. The first problem considers an EV charging strategy that minimizes charging costs and maximizes the renewable energy use. The second level evaluates the impact of this charging strategy on the power generation planning of Santa Cruz Island, Galapagos, Ecuador. This planning model is simulated in HOMER Energy. The results demonstrate the economic and environmental benefits of investing in additional photovoltaic (PV) generation and in the EV charging strategy. Investing in PV and smart charging for EVs could reduce the N P C by 13.58%, but a reduction in the N P C of the EV charging strategy would result in up to 3.12%.

US financial sector may be sound, but not safe

2015 ◽  
Keyword(s):  
Renewable Energy ◽  
Productivity Growth ◽  
Fossil Fuels ◽  
Financial Sector ◽  
Energy Sector ◽  
Too Big To Fail ◽  
Carbon Pricing ◽  
Content Type ◽  
Bank For International Settlements ◽  
Oil Gas

Subject The implications of a large US financial sector. Significance The largest US banks have posted strong first-quarter earnings amid attacks by Senator Elizabeth Warren, who has presented programmes to scale back the size and influence of too-big-to-fail (TBTF) banks. However, a recent Bank for International Settlements (BIS) paper argues that the growth of large financial sectors stymies wider productivity, growth and innovation. This case could motivate policymakers of both parties to take a renewed look at the industry. Impacts Consolidation in the financial sector may be leaving the industry vulnerable to future shocks. The energy sector could be the next bubble, as renewable energy and carbon pricing could drive oil, gas and coal companies into bankruptcy. This would imperil the 6 trillion dollars of global investment into fossil fuels since 2007.

scholarly journals Global Warming Problem and Impact of Power Electronics

2013 ◽  
pp. 12-16
Author(s):  
Dipti Mayee Majhi ◽  
D. Hota ◽  
L. Nanda
Keyword(s):  
Global Warming ◽  
Renewable Energy ◽  
Power Electronics ◽  
Fossil Fuels ◽  
Geothermal Heat ◽  
Tropical Regions ◽  
The Impact ◽  
Harmful Effects ◽  
Global Energy Consumption ◽  
Emission Of Greenhouse Gases

Global energy consumption is increasing at a dramatic rate due to the increase in the world’s population and the quest for improvement of living standards. Most of our energy comes from fossil fuels which cause the problem of global warming due to the emission of greenhouse gases (GHG). As a result, there are many harmful effects such as rise in sea level, drought in tropical regions near the equator, an increase in hurricanes, tornadoes and floods, and the spread of disease. Renewable energy is the energy generated from natural resources such as solar heat and light, wind, rain, tides, waves, and geothermal heat, which are replenished naturally. This paper highlights in particular the impact of power electronics in solving or mitigating the global warming problem and supporting the generation of renewable energy.

Creating and testing a survey to assess the impact of renewable energy technologies on quality of life

2013 ◽  
Vol 56 (04) ◽  
pp. 103-111 ◽  
Author(s):  
Tanya Christidis ◽  
Claire Paller ◽  
Shannon Majowicz ◽  
Phil Bigelow ◽  
Ashley Wilson ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Data Collection ◽  
Wind Turbines ◽  
Fossil Fuels ◽  
Target Population ◽  
Distribution Method ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
Local Case ◽  
The Impact

With the increasing concerns regarding fossil fuels and nuclear energy, greater attention is being placed on alternate renewable energy technologies (RETs) such as wind, solar, and bioenergy. However, implementation of modern RETs has become controversial, as adverse health effects are a major concern. Although local case studies have suggested a relationship between wind turbines and health, there is a gap in the scientific knowledge. Epidemiological studies with adequate data collection tools and analyses are needed, particularly in the Canadian context. We reviewed surveys used in relevant environmental health literature, created a data collection tool for use in populations exposed to wind turbines, and piloted the survey content and distribution method. Our pilot response rate was 25.5% (45/200). The mean age of survey respondents was 57.6 years (SD: 12.76) with 57% of the respondents being female; respondents were not significantly different than the target population with respect to age or sex. The survey and methods presented here can be used in future studies to assess the health impacts of renewable energy technologies.

scholarly journals Model of a building heating system with renewable energy sources

2020 ◽  
Vol 207 ◽  
pp. 02006
Author(s):  
Nicolay Komitov ◽  
Nicolay Shopov ◽  
Violeta Rasheva
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Wind Farms ◽  
Heating System ◽  
Energy Sources ◽  
Gas Generator ◽  
Additional Energy ◽  
Photovoltaic Panel ◽  
The Impact

The current century is characterized by an increasing use of renewable energy - wind farms, solar parks, bio fuels, etc. Climate change and rising prices of fossil fuels lead to increased investment in renewable energy. This raises the need to examine the impact of various factors on the efficiency of energy production from renewable energy sources. This is related to the development of adequate models and the implementation of appropriate computer systems to manage and control these processes. The present work presents the main aspects of the modelling of a building heating installation using renewable energy sources - a solar photovoltaic panel and a HHO gas generator. The additional energy needed to heat the building is provided by a pellet boiler. An energy balance of the studied building is made taking into account the external and internal temperatures and energy loss. The computer model was developed in order to build a system for process control in the building’s heating system.

scholarly journals EU BIOFUELS POLICY—RAISING THE QUESTION OF WTO COMPATIBILITY

2011 ◽  
Vol 60 (3) ◽  
pp. 713-736 ◽  
Author(s):  
Stephanie Switzer ◽  
Joseph A McMahon
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Fossil Fuels ◽  
Technological Development ◽  
Biofuel Production ◽  
The European Union ◽  
Policy Goals ◽  
Imported Oil ◽  
Biofuels Policy ◽  
The Impact

Governments intervene in the energy sector using a variety of measures to pursue a range of objectives, from security of supply and energy efficiency to environmental protection. Recent concerns about the impact of fossil fuels on climate change have resulted in the increasing promotion of biofuels as an alternative to oil. While worries exist with regard to the environmental impact of biofuel production in ecologically sensitive areas, it has been argued that with an effective regulatory framework to promote sustainable production, biofuels could provide a mechanism to provide energy security in an environmentally positive way.1 The interest of the European Union (EU) in the promotion of biofuels production is a relatively recent phenomenon and it is now the world's largest producer of biodiesel and the fourth largest producer of bioethanol. At its most basic level, the promotion of biofuels as an alternative to fossil fuels is part of a wider EU effort to support the use of renewable energy. The promotion of renewable energy is traceable to a number of goals, a central one of which is ensuring security of energy supply.2 Other policy goals supported by the promotion of renewable energies include reducing greenhouse gas emissions associated with climate change, decreasing dependence upon imported oil, the promotion of technological development as well as regional and rural development and employment.3

scholarly journals Optimal Multi-Operation Energy Management in Smart Microgrids in the Presence of RESs Based on Multi-Objective Improved DE Algorithm: Cost-Emission Based Optimization

2021 ◽  
Vol 11 (8) ◽  
pp. 3661
Author(s):  
Mohammad Ghiasi ◽  
Taher Niknam ◽  
Moslem Dehghani ◽  
Pierluigi Siano ◽  
Hassan Haes Alhelou ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Management ◽  
Renewable Energy Sources ◽  
Environmental Pollutant ◽  
Optimal Operation ◽  
Energy Sources ◽  
Pollution Effects ◽  
Multi Objective ◽  
Operational Energy ◽  
The Impact

Today, in various leading power utilities in developing countries, achieving optimal operational energy management and planning, taking into account the costs reduction of generation, transmission and distribution of electricity, and also reducing the emission of an environmental pollutant becomes more and more important. Optimal use of renewable energy sources (RESs) is an effective way to achieve these goals. In this regard, in this research article, an improved multi-objective differential evolutionary (IMODE) optimization algorithm is suggested and performed to dispatch electricity generations in a smart microgrid (MG) system, taking into account economy and emission as competitive issues. In this paper, a nonlinear equation of multi-objective optimization issue with various equality and inequality limitations is formulated in order to lower the total operational costs of the MG considering environmental pollution effects simultaneously. In order to address the issue of optimal operation of the MG in single-objective and multi-objective forms, an intelligent method according to the improved differential evolutionary (IDE) optimization is utilized and performed and the proposed algorithm is implemented on different problems. First, it is assumed that there is no limit to the exchange of power overhead, and secondly, the limitation of power exchange with the upstream grid is considered. In multi-objective mode, these two modes are also considered. In order to show the impact of renewable energy on the cost, in the third part of the simulations, the operation is solved with maximum participation of renewable energy sources. In the final section, the sensitivity analysis on the number of populations in this problem is performed. The obtained results of the simulation are compared to differential evolutionary (DE) and particle swarm optimization (PSO) techniques. The effectiveness of the suggested multi-operational energy management method is confirmed by applying a study case system.

scholarly journals Macroeconomic Determinants of Renewable Electricity Technology Adoption in Thailand

2020 ◽  
Vol 2 (2) ◽  
pp. 99-111
Author(s):  
Jidapa Ungwanitban ◽  
Salah ud Din Taj
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Fossil Fuels ◽  
Energy Technology ◽  
Total Energy Consumption ◽  
Renewable Energy Consumption ◽  
Total Consumption ◽  
Renewable Energy Technology ◽  
The Government ◽  
The Impact

Renewable energy plays a significant role in mitigating C02 emission and boosts sustainable development. Initially, this study examines those factors which create hurdles in adopting renewable energy technology in Thailand. Later, this study examined the impact of renewable energy with other supporting variables on Thailand's total energy consumption. For this purpose, this study used 38 years of data from 1990 to 2018. Initially, the Augmented Dickey fuller test applied to verify the order of integration on indicators, and it confirms that there exists a unit order of integration. Then applied Johansen Cointegration, and it confirms that there are long-run relationships among trade openness, GDP, energy consumption (fossil fuels), financial development, and renewable energy consumption. Further applied Vector error correction model (VECM) to estimates the coefficients on indicators. Results confirm that openness to trade endorses the consumption of renewable energy in Thailand. However, the development of the economy and traditional energy resources creates hurdles to adapting renewable energy in Thailand. Renewable energy technology in Thailand did not significantly impact financial growth and development. After the research, the researcher advised the government of Thailand to adopt and implement the regulations and policies that maximize the magnitude of renewable energy and maximize the portion of renewable energy in total consumption of the overall energy consumption for the country Thailand.

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